In today's digital age, data has become an integral part of every organization's operations. Companies gather and analyze vast amounts of data to make informed decisions and gain insights into their customers' behavior and preferences. However, the collection and processing of sensitive and personal information have raised concerns about privacy and security. This is where synthetic data comes in as a solution for data-sharing initiatives while ensuring privacy.
Synthetic data is artificially generated data that mimics real data patterns without duplicating the original dataset. It is generated through machine learning techniques that learn the statistical information from real data, enabling the creation of new, artificial data that is not linked to actual individuals or events. This data can be used in place of sensitive data for testing and development purposes, allowing for more secure and responsible data sharing.
In this use case, YData Fabric showcases the use of synthetic data for data-sharing initiatives and how to assess the risk of disclosure. YData Fabric's synthesizers use state-of-the-art machine learning techniques to generate synthetic data that reproduces the patterns and characteristics of the original data without compromising privacy.