The term synthetic data stands for artificially generated data that closely replicate the statistical properties, patterns, and characteristics of the real data. This replication mimics reality without including actual information about individuals or entities. As such, it becomes a secure and privacy preserving alternative to using raw, sensitive, or proprietary data. This data is used in training, testing, validation, and analytics. Artificial intelligence (AI) uses advanced algorithms to generate these datasets, preserving the statistical integrity of original data sources without exposing private information.
