Synthetic Data: Big Data Industry Predictions For 2024
insideBIGDATA, Thursday, January 4th, 2024
Our friends over at Mindtech have prepared a special set of compelling technology predictions for the year ahead surrounding the topic of synthetic data. The following Q&A style feature offers predictions from Steve Harris, CEO at Mindtech.
Mindtech is the developer of the world's leading end-to-end 'synthetic' data creation platform for the training of AI vision systems.
How will synthetic data impact AI development and deployment in 2024 and beyond?
The increasing demand for synthetic images and training data in 2024 is driven by restrictions on real-world images. With the monetisation opportunity and decreasing availability of real-world images, there's a significant shift toward considering the lifespan of existing images and acquiring additional images.