Why Synthetic Data Matters
1. Maintains Data Utility While Protecting Identities
Synthetic datasets preserve the statistical structure of the original data while de-identifying individuals. This reduces the risk of exposing personal information and minimizes the chance that models inadvertently memorize specific records.
2. Enables ML Training Across Organizations
Companies can collaborate on ML initiatives with partners even if data contains sensitive personal information or cannot leave its originating environment. Synthetic data becomes a safe intermediary when regulatory restrictions prevent direct sharing.
3. Unlocks Use Cases Previously Limited by Privacy Concerns
Industries that rely heavily on regulated or sensitive data, such as travel, healthcare, finance, and advertising, can now jointly develop ML models without compromising data governance.