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Synthetic Data
Synthetic data refers to data gathered from computer simulations or processes or even by applying a sampling technique to real-world data. This data is not created from real-world events but can help businesses make business predictions.
What Small and Midsize Businesses Need to Know About Synthetic Data
Synthetic data can be beneficial to companies. It can help them better understand things like their customer base and sales numbers to help make more informed strategic business decisions.
Related terms
- Business Intelligence (BI) Services
- Metadata
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- Advanced Technology
- Big Data
- Business Analytics
- Digital Disruption
- Enterprise Application Software
- Clickstream Analysis
- Artificial Intelligence (AI)
- Computer-brain Interface
- Data Mining
- Master Data Management (MDM)
- Analytics and Business Intelligence (ABI)
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