HACKERNOON | Synthetic Data’s Role in the Future of AI
As technology improves, AI and ML applications are becoming increasingly pivotal for businesses to stay ahead of their competition. The time will soon come when a business that doesn’t leverage AI in its decision making processes will find itself out in the cold. While AI holds a lot of potential, the technology is still nascent and prone to error.
A big reason for this is the so-called “cold start” problem. ML algorithms rely on historical data being fed to them, so they can learn and get better and better at predicting future data patterns.