FinTech

The Advantages of Synthetic Data for AI Training Discussed by Gretel CEO Ali Golshan

Published July 1, 2024

In the evolving landscape of artificial intelligence, the methods of training AI models have become a subject of debate. One prominent voice in the discourse is Ali Golshan, CEO of Gretel, who advocates for the use of synthetic data over 'messy' public datasets. Golshan emphasizes that synthetic data not only offers a cleaner alternative for training AI but also mitigates privacy concerns associated with using real user data.

The Issues with Public Data

Public data often contains irregularities and biases that can lead to flawed outputs when used to train AI models. Besides being messy, this data can sometimes infringe on individual privacy, leading to ethical and legal complications. The use of such data by big tech companies in their AI efforts is increasingly scrutinized.

Why Synthetic Data Prevails

Synthetic data, according to Golshan, is artificially generated data that can simulate the statistical properties of real-world data without the accompanying privacy risks. This data is engineered to be free from the inconsistencies commonly found in public datasets, resulting in more reliable and unbiased AI systems. Additionally, by using synthetic data, companies can bypass the privacy concerns that come with handling sensitive personal information.

As industries continue to integrate AI into their operations, the shift towards synthetic data could potentially reshape the way companies approach model training. This is particularly relevant for firms in the sectors of technology, finance, and healthcare, where data sensitivity is paramount.

AI, Data, Synthetic