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Cooking up synthetic data with Gretel
Practical AI: Machine Learning, Data Science, LLM
Is It Viable to Use Synthetic Data in a Data Weak Data Set?
In unbalanced data set scenarios, or maybe we're just working in a sort of data scarce domain. Is it viable to use synthetic data in that type of sceneria? Yes. There might be already a situation where data is deemed safe to use. I'll use like fraud as an example of wis frauds are really good one were you have so many records that are not fraud,. You're usually trying to predict the opposite right? So what we're able to do is kind of guide you how to synthesize more records that fit into the fraud category.
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