Unlocking the potential of synthetic data: Exploring multi-billion dollar opportunities ahead

Synthetic data has a multi-billion dollar potential

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In five to ten years, synthetic data will become a massive industry. Gartner, for example, estimates that 60% of the data used in AI applications by 2024 will be synthetic. These types of data, and the tools that are used to create them, have a significant investment potential. Here’s why.

We are on the verge of a major revolution in terms of how machine learning (ML), and artificial intelligence (AI), can expand and find more applications across industries and sectors.

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The multi-billion-dollar potential of synthetic data