Explanation:
A key advantage of using synthetic data in finance and other sensitive sectors is the mitigation of privacy concerns. Synthetic data is artificially generated and retains the statistical properties of the original dataset without including personally identifiable information (PII) or confidential data. This allows organizations to train and test AI models without risking data breaches or violating privacy regulations such as GDPR.
Ultimate access to all questions.
Q.40 Synthetic data is used to enhance AI models, especially in sensitive sectors like finance. What is a key advantage of using synthetic data?
A
Perfect replication of real data statistics.
B
Elimination of bias replication risk.
C
Mitigation of privacy concerns.
D
Lower generation cost than real data collection.
No comments yet.