Why AI needs a steady diet of synthetic data

Check out the on-demand sessions from the Low-Code/No-Code Summit to learn how to successfully innovate and achieve efficiency by upskilling and scaling citizen developers. Artificial intelligence (AI) may be eating the world as we know it, but experts say AI itself is also starving -- and needs to change its diet. One company says synthetic data is the answer. "Data is food for AI, but AI today is underfed and malnourished," said Kevin McNamara, CEO and cofounder of synthetic data platform provider, Parallel Domain, which just raised $30 million in a series B round. "That's why things are growing slowly. But if we can feed that AI better, models will grow faster and in a healthier way. Synthetic data is like nourishment for training AI." Research has shown that about 90% of AI and machine learning (ML) deployments fail.