Harnessing Synthetic Data Value for AI Applications

Executive Snapshot

• Figure: Executive Snapshot: Companies Are Adopting Synthetic Data at an Unprecedented Rate to Alleviate Data Scarcity

New Market Developments and Dynamics

• Synthetic Data Generation Techniques

• Exploring the Benefits and Challenges of Synthetic Data for AI Applications

• Benefits

• Challenges

• Synthetic Data Solution Providers Versus Open Source for AI Applications: Which One Should Organizations Choose?

• Synthetic Data Solution Providers

• When to Choose a Synthetic Data Solution Provider

• Open Source

• When to Choose Open Source Solution

• Notable Players in This Space

• Synthetic Data Use Cases

• Figure: Synthetic Data Usage by Industries

• Manufacturing and Infrastructure

• Technology Services

• Financial Services

• Distribution

• Usage of Synthetic Data in Metaverse and Generative AI Space

• Metaverse

• Large Language Models

• Multimodal AI

Advice for the Technology Supplier

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• Related Research

• Synopsis