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Traditionally, AI research and development have focused on refining models, enhancing algorithms, optimizing architectures, and increasing computational power to advance the frontiers of machine learning. However, a noticeable shift is occurring in how experts approach AIdevelopment, centered around Data-Centric AI.
Instead of relying on organic events, we generate this data through computer simulations or generative models. Synthetic data can augment existing datasets, create new datasets, or simulate unique scenarios. Specifically, it solves two key problems: datascarcity and privacy concerns. Rapid AIDevelopment.
Such richness and diversity promise to significantly reduce the time and resources data teams spend on improving dataquality, which has traditionally consumed up to 80% of their workload.
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