Discovering the Benefits of Synthetic Data

Although artificial intelligence (A)I is getting more advanced due to an exponential rate of development, limitations to this modern technology still exist. So, can synthetic data be the solution for all AI-related concerns? In the fourth industrial revolution, every industry sector has discovered the potential of modern technologies; such as AI and ML. Almost every other organization is deploying AI to create more efficient business processes and to ensure better customer satisfaction. But, startups, SOHOs, and small and medium businesses (SMBs) face a major issue while adopting AI- it's called the cold start problem.