Hi there,
As a company built around the concept of privacy-preserving synthetic data, seeing signs of market growth is always exciting. And we’ve seen an increasing amount of signals attesting to the maturation of the synthetic data market in the past months. Investments in the market are growing with fundraises announced every week or so.
Last month, it was the US company Synthetaic who raised 3,5$ million.
Large players are also kicking off projects around synthetic data. Microsoft recently announced new efforts around synthetic data generation as part of its SmartNoise project. A community is forming, concentrating research efforts and projects, as illustrated by MIT researchers' recent initiative to centralize all open source material.
And market specialists are also acknowledging the rise of synthetic data. This month, it was the research company Forrester who made mention of synthetic data as part of its 2021 AI trends report. More broadly, these developments are an encouraging acknowledgment of the necessity of privacy-preserving uses of data.
This month, we come with resources to help you understand what privacy-preserving synthetic data can bring to companies. Learn how to evaluate the ROI of this technology, or find out what it can bring to financial organizations.
Happy reading!
The Statice team
