Trending December 2023 # Polkadot (Dot) And Hedera (Hbar) Investors Are Buying The Chronoly (Crno) Token. Here’s Why. # Suggested January 2024 # Top 15 Popular

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If you’re an investor, then you’re always gazing down upon a moveable feast. Investments don’t stand still and investments like crypto are often subject to volatile swings and sudden and unexpected changes of fortune. So, savvy investors are constantly on the go and always seeking out the next best place to turn a profit. That’s why Chronoly (CRNO) is benefitting from an influx of new investors who are moving away from Polkadot (DOT) and Hedera (HBAR).

Polkadot (DOT) suffers from spotty performance.

Polkadot (DOT) prices have stabilized slightly after the Terra fall and the dread that seized the market on May 12th, as the token established a range around the $10 level. However, it was still a long way from its previous highs of $50. On higher timeframes, the continuous decline stayed solid, and DOT prices appear to be moving lower on lower timeframes as well. Polkadot (DOT) had been trading in a range between $10.57 and $9.27 during the previous ten days, but the price appeared to be headed back under the $9.2 support region at press time.

Because the weekend trading activity is often smaller, a significant decrease cannot be ruled out. Is there a chance for Polkadot to bounce from the range lows, or is this a hint that more misery is on the way for Polkadot investors? Maybe that’s why Polkadot (DOT) users are now heading over to Chronoly.

Hedera (HBAR) heading into trouble?

After dropping into oversold territory in the first week of May, Hedera’s native crypto, HBAR, appeared to be on the verge of bullish recovery. This was before the market took an unexpected turn for the worst, resulting in further downside, and although it now appears to be positive again, the risk for a steeper downside is ever-present.

In the previous seven days, HBAR has seen a 42 percent drop as the crypto market has experienced one of its worst drops in recent memory. The cryptocurrency plummeted from a weekly high of $0.155 to a new low of $0.073. After bouncing off its long-term falling trend line, it has since rebounded to $0.1028 at the time of writing. Over the previous 24 hours, the token has increased by 31.84 percent.

If enough buying volume is not secured, Hedera (HBAR)’s negative performance may be extended. If current sentiments hold, such an outcome is possible. Because the market is highly connected, cryptocurrencies like (HBAR) will continue to mimic Bitcoin’s price behavior.

Small wonder then that Hedera (HBAR) users are now looking at getting into Chronoly (CRNO) as an attractive and growing real asset-backed coin.

Chronoly (CRNO) is getting noticed

Chronoly (CRNO) is a cryptocurrency that is forcing people to sit up and take notice. It is the first fractional watch investment platform in the world, allowing investors to begin investing in eye-watering expensive branded watches even with small amounts of money. Chronoly (CRNO) is a crypto that bucks the trend; which is to say that when the market goes down, Chronoly (CRNO) goes up. The reasons for this are:

It is a genuine utility token.

It encourages digital authentication, fractional ownership, increased liquidity, the formation of alternative assets, and community building.

It is connected to the Metaverse.

It has been extended to the world of NFT and is backed by real-world timepieces.

The assets are backed by NFT.

Blockchain-based verification.

It is estimated that the global watch market is valued at 49 billion dollars, with the secondary watch business accounting for 18 billion dollars. Owning the NFT enables everyone in the whole world and his brother to digitally and anonymously protect their capital from inflation and bear market threats. Investors can use Chronoly (CRNO) to invest in collecting assets off-chain while remaining “on-chain.” Chronoly (CRNO) is seen by many as a solid bet and that’s why investors in other coins are also getting into this asset-backed project.

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Noaa’s Satellites Are On The Chopping Block. Here’s Why We Need Them.

[Update 3/17: The Administration’s budget blueprint is out and it looks like weather forecasting satellites (like GOES and the polar satellites) will still be used in weather forecasting, but it remains unclear what other science programs that use those satellites’ data will still be funded. The DSCOVR satellite—a joint project with NASA—will see its funding cut, along with extensive reductions to NASA’s earth science budget. The general NOAA budget is still facing steep cuts, including the elimination of the Sea Grant program, which funds research across the country. The blueprint is an initial proposal, and further details will be released at a later date. The budget proposal must still pass Congress before it comes into effect. Our original post continues below.]

On Friday, The Washington Post reportedly obtained a memo from within the Trump administration about proposed funding for National Oceanic and Atmospheric Administration (NOAA). The memo outlined steep cuts to several divisions, including the elimination of the $73 million Sea Grant research program, cuts to climate research divisions, and more.

But the biggest cut The Post reported was to the agency’s National Environmental Satellite, Data and Information Service—NOAA’s satellite division—which would see its budget cut by 22 percent, or $513 million. The division operates 16 satellites that orbit the Earth at a wide variety of altitudes and positions, gathering data that researchers in both the public and private sector rely on to do their jobs.

Not pictured: GOES-16, the agency’s newest satellite. NOAA

The 45th administration has previously proposed deep cuts to NASA’s Earth Sciences division. NOAA and NASA frequently work together to launch satellites capable of monitoring conditions here on Earth. Cutting both programs to the bone would impact not only climate researchers, but the lives of everyday citizens.

Here are 14 things that NOAA’s satellites help monitor, from agriculture to baseball.

Four cyclones move across the Pacific in an image captured by one of NOAA’s GOES satellites NASA/NOAA GOES Project

They help us see what’s coming.

If you’ve ever checked the news before a big weather event, you’ve already seen NOAA’s satellites in action. While some images of major storms are captured by NASA satellites, it’s NOAA satellites that are tasked with monitoring weather 24/7 as it’s forming, following everything from blue skies to blizzards.. While the NOAA division that is responsible for much of the forecast—the National Weather Service (NWS)—would only see a budgetary cut of about five percent, the NWS frequently relies on data from NOAA satellites to make their forecasts more accurate.

Global climate and weather satellites. NOAA

They help other people see what’s coming, too.

The world is a big place. It’s far too large for any one country to monitor all the weather alone. But just focusing on what’s happening inside our national borders isn’t very useful when a Polar Vortex moves down from Canada, or a Hurricane skirts the Bahamas en route to Florida. NOAA’s satellites are part of a global network of countries around the world that cooperate and exchange satellite imagery, dispersing data on ocean temperatures, weather patterns, and more. They even coordinate on responses to natural disasters.

Amber waves of grain. SupportPDX

They help farmers.

NOAA satellites don’t just monitor weather. They also monitor agriculture across the country. Data from NOAA satellites is essential in the USDA’s monitoring of plant and crop health. In addition to measuring soil moisture, precipitation, and temperature, NOAA satellites help farmers get information about plant health, vegetation heights, and water supplies (like lake levels) which can help farmers keep their crops healthy, or help them prepare for a bad year.

A view of yesterday afternoon’s fires via #GOES16 Geocolor – (all data are preliminary) chúng tôi Dan Lindsey (@DanLindsey77) March 4, 2023

They give us a better perspective.

NOAA satellites help us get an otherwise impossible perspective on severe weather events. They monitor wildfires from space, helping firefighters get a wider view of whats happening in the inferno they’re fighting on the ground. They also monitor ice conditions in rivers in winter, which can help predict and prevent severe winter floods. Knowing where the ice is and how it’s moving allows officials to warn people downstream before the ice dam breaks.

Lightning as monitored by NOAA’s latest satellite, GOES-16. NOAA

They’re getting better all the time.

The Northwest passage, before (below) and after (top) a viable shipping route opened up. NOAA/NASA

They help find faster trade routes.

Alberto

They save hundreds of lives each year.

In 2023, NOAA satellites helped save 307 lives. The satellites are part of the Search and Rescue Satellite Aided Tracking (SARSAT) System, a global network that helps pinpoint emergency beacons on land and sea, helping search and rescue operations rescue people stranded just about anywhere on the planet.

Aaron Wolf

They’re helping baseball teams.

Even Major League teams turn to NOAA to play ball. Last winter, an undisclosed team contacted NOAA’s National Centers for Environmental Information, part of the National Environmental Satellite, Data and Information Service that also oversees satellites. The team was looking for weather data. Even small changes in altitude, humidity, and temperature can change how the ball moves during a game. Sure, it’s a small thing—and not nearly as important as wildfires or storm tracking—but it is the great American pastime.

Areas at high risk of malaria transmission. NOAA

They can see public health risks before we can.

You can’t necessarily track individual mosquitoes from space. But NOAA can and does track malaria risk using satellites by monitoring vegetation in malaria-prone areas. It can also track the development of algal blooms, which can be toxic to ocean life (and, by extension, to the humans that rely on those fisheries.)

They help keep the lights on.

The Wright brothers test their plane at Kitty Hawk. Public Domain

They help us fly safely.

NOAA’s history with flight goes back to the very beginning. Their precursor, the U.S. Weather Bureau, helped the Wright Brothers choose Kitty Hawk as the site for their very first flight. That legacy continues today. Satellites monitor aviation hazards like volcanic ash.

Deepwater Horizon disaster. NOAA

They help us clean up after ourselves.

Drought

California is entering a fifth year of drought.

They help us stay hydrated.

While some of the best data on droughts comes from on-the-ground measures of soil moisture, precipitation, and other factors, satellites can help measure the extent of droughts ravaging communities and farmland. NOAA satellites track droughts using multiple measures, including vegetation health.

Changes in water temperature in the Great Lakes. NOAA

They help us get the big picture.

The only way to figure out how much the climate is changing is to actually monitor those changes over a long, sustained period of time. NOAA has monitored the Earth from space for decades, observing not only ocean and land temperatures, but also environmental changes like shifting snowpacks, migrating ocean nutrients, the spread of smog-causing aerosols, and rising floodwaters.

Polkadot (Dot) Is Expected To Be Overtaken By Renq Finance (Renq) In 2023

RenQ Finance (RENQ) is a decentralized exchange (DEX) protocol that enables interoperability and liquidity between blockchains. Since its launch, RenQ Finance (RENQ) has been gaining popularity among investors and developers due to its innovative approach to solving liquidity and interoperability issues. In 2023, many experts predict that RenQ Finance (RENQ) will race past Polkadot (DOT) regarding market capitalization and become one of the leading blockchain projects. Polkadot (DOT) has recently struggled to retain investors who have grown tired of waiting for a recovery since the crypto tumbled in 2023 along with the rest of the crypto ecosystem.

Polkadot (DOT) Struggles in the Market

Polkadot (DOT) is a next-generation blockchain protocol that aims to provide interoperability between blockchains. It allows different blockchains to communicate with each other, enabling them to exchange information and assets. Polkadot (DOT) is designed to provide scalability, security, and interoperability. This makes it an attractive platform for developers and investors alike.

Polkadot (DOT) also has a relay chain that provides security and consensus for all para chains. Polkadot (DOT) uses a bridge network that allows interoperability with external blockchains like Bitcoin or Ethereum. Polkadot (DOT)’s native token, Polkadot (DOT), is used for governance, staking and bonding new para chains.

Polkadot (DOT) is one of the most ambitious projects in the crypto space. It aims to create a decentralized web of interoperable blockchains. However, Polkadot (DOT) has been struggling to gain momentum in the market, especially compared to its competitors. Polkadot (DOT) goes up against industry titans, including, Octopus Network, Solana Labs, Cardano and Avalanche.

The lack of adoption and awareness among developers and users is another issue. Despite having many projects building on Polkadot (DOT)’s ecosystem or planning to do so in the future, Polkadot (DOT) still lags behind other platforms in terms of active users, transactions and dApps.

Why RenQ Finance (RENQ) Is Expected to Outperform Polkadot (DOT) in 2023

Many analysts forecast that RenQ Finance (RENQ) will outperform Polkadot (DOT) in terms of price performance in 2023. This is due to a number of factors, including the increasing popularity of decentralized finance (DeFi), unique features and strong partnerships. Users are also drawn to the protocol’s cross-chain interoperability and low trading fees.

RenQ Finance (RENQ) is an innovative multi-chain non-custodial decentralized exchange that elevates decentralized trading by providing users with a direct trading option via the RenQ Wallet app. It is based on the Ethereum blockchain and uses smart contracts to facilitate cross-chain interoperability. RenQ Finance (RENQ) enables users to trade assets unavailable on their native blockchain, thereby increasing liquidity and reducing trading costs.

RenQ Finance (RENQ) is already partnering with other established market players. For instance, RenQ Finance (RENQ) and Solana have teamed up to develop a cross-chain bridge that will let customers move assets quickly between the two networks. This collaboration has already had fruitful outcomes, with RenQ Finance (RENQ)’s liquidity pools drawing a sizable customer base from the Solana neighborhood.

RenQ Finance (RENQ) and Polygon have teamed together to give consumers access to a greater variety of assets. On the Ethereum network, Polygon’s Layer 2 scaling solution provides quicker and less expensive transactions. RenQ Finance (RENQ) has been able to grow its user base and draw in new investors thanks to this relationship.

These partneships, coupled with the protocol’s strong utility will earn RenQ Finance (RENQ) a position among the top market players. RenQ Finance provides DeFi services such as swapping, farming, mining, staking, lending, and borrowing through the RenQ Wallet. The platform also encourages the creation of new asset classes based on blockchain assets, such as derivatives and margin trades. As a result, users can better manage portfolio risk and explore new investment opportunities. RenQ’s non-custodial approach to trading ensures users are always in control of their funds. This eliminates need for a middleman, making trading more reliable and secure. RenQ is also scalable, allowing users to conduct simple, fast, reliable, and secure transactions across multiple blockchains.

As RenQ Finance (RENQ) gains momentum in preparation for a rally that will take it past Polkadot (DOT), investing now is a wise decision. You can purchase RENQ tokens from the protocol’s ongoing presale. The current presale price is $ 0.030. RenQ Finance (REMQ) has raised over $2.5 million so far, outperforming other projects that are also conducting presales.

Visit the links below for more information about RenQ Finance (RENQ):

Bitcoin And The Cryptocurrency Market Is On A Bullish Streak. Here’s Why!

Here are 5 reasons for the current cryptocurrency market growth.

1. Green signal from institutions

What was once looked at with speculation, Bitcoin is now being accepted by

2. Paypal crypto exchange

Paypal has approximately 350 million users. In 2023, Paypal launched a new feature that would allow its millions of users to

3. The scarcity factor

Cryptocurrencies are made available in a limited quantity, even Bitcoin. But Bitcoin’s practice of halving its quantity adds a major boost to its value. It’s a basic economics principle, a scarce commodity is valued more than others because of its exclusivity. The Bitcoin network works because it introduces new coins through mining. In this process, Bitcoin miners verify Bitcoin blocks. Every 10 minutes, a miner verifies one block of transactions and adds it to the Bitcoin network to earn rewards. At present, the reward is 6.25 BTC per block, and this reward reduces by half every four years or after 210000 blocks mined. This slashing of Bitcoin rewards to half is known as Bitcoin halving. Since only 21 million Bitcoins are made available in the market, when the reward decreases there is less circulation in the market which increases the demand for the coin due to the scarcity factor. This, in turn, affects the value of other cryptocurrencies.

4. Easy Accessibility

Initially, cryptocurrency was supposed to become a mode of payment. But now, it has also become a store of value. Even if users are unwilling to use cryptocurrency to make payments, they are ready to

5. Acceptance from countries

Amidst all the volatility, the cryptocurrency market is recovering well despite COVID-19 disrupting major world economies. When companies were facing the heat of the pandemic with their businesses taking a hit, several crypto and blockchain startups launched themselves to support the roaring demand of Bitcoin and cryptocurrencies. While many crypto exchanges and trading platforms surfaced from across the globe, they also managed to raise significant funding from investors to grow their market position, like CoinSwitch Kuber that recently raised a funding of INR 109 crore (US$15million – Series A funding) from big fintech players like Ribbit Capital, CRED, and Paradigm. Bitcoin, the largest crypto coin in the world, fueled the cryptocurrency market by raising its market capital beyond US$1 trillion. Bitcoin has been bullish for the past few weeks now which contributed to 69% of the total market value. Bitcoin investors are cheering for this rally as Bitcoin plummeted during the crypto market crash and is now finally getting back to its pace. This is the same Bitcoin that reached its all-time high of US$60,000 in early chúng tôi how did the market undergo this successful correction? Here are five reasons that can sum up the chúng tôi was once looked at with speculation, Bitcoin is now being accepted by major institutions from around the world . Despite its volatility, the crypto coin is being considered a safe asset, making way for cryptocurrencies to earn a similar reputation. Recently, many public companies, like Square, an American payments company, and Microstrategy, a publicly listed US company, are converting their cash treasuries into cryptocurrencies by buying Bitcoins.Paypal has approximately 350 million users. In 2023, Paypal launched a new feature that would allow its millions of users to buy and sell cryptocurrency on the platform . This feature included the trading of crypto coins like Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. This is a significant move for the crypto industry as Paypal was one of the sternest critics of cryptocurrency. Following Paypal’s suite, Venmo also launched a similar feature that allows its users to make crypto payments.Cryptocurrencies are made available in a limited quantity, even Bitcoin. But Bitcoin’s practice of halving its quantity adds a major boost to its value. It’s a basic economics principle, a scarce commodity is valued more than others because of its exclusivity. The Bitcoin network works because it introduces new coins through mining. In this process, Bitcoin miners verify Bitcoin blocks. Every 10 minutes, a miner verifies one block of transactions and adds it to the Bitcoin network to earn rewards. At present, the reward is 6.25 BTC per block, and this reward reduces by half every four years or after 210000 blocks mined. This slashing of Bitcoin rewards to half is known as Bitcoin halving. Since only 21 million Bitcoins are made available in the market, when the reward decreases there is less circulation in the market which increases the demand for the coin due to the scarcity factor. This, in turn, affects the value of other cryptocurrencies.Initially, cryptocurrency was supposed to become a mode of payment. But now, it has also become a store of value. Even if users are unwilling to use cryptocurrency to make payments, they are ready to invest in it like an asset . In countries like India where RBI is against cryptocurrency, investors are holding them for their value. Many platforms have also come up to make crypto as an asset easily chúng tôi many private investors and institutions are adopting cryptocurrencies as a means of payment, many governments are also coming on board to form crypto regulations. Countries like Japan, the USA, Germany, and El Salvador have taken a positive approach towards cryptocurrency. As a first, El Salvador decided to use Bitcoin as legal tender.

Why Are People Obsessed With The Olympics?

If you’re one of the unfortunate few who don’t give a hoot about the Olympics, the biennial onslaught may feel overwhelming. After all, most sports fans don’t care about table tennis or pole vaulting when the games aren’t in session, so why should they get so obsessed all of a sudden?

Turns out the appeal of the Olympics is less about the individual sports and more about how the event as a whole caters to different parts of the human psyche. The competition has three key ingredients that spark fervent fandom: curated marketing, compelling personal stories, and an outlet for national pride. Understanding these factors can help you appreciate the enduring power of the games’ tradition—and maybe help you tolerate a few weeks of Olympic fever.

A TV bonanza

The first and most important thing to understand about the modern Olympics is that they are, more than anything else, a media product. Yes, host cities like Tokyo spend millions of dollars building bespoke stadiums and tracks, and yes, thousands of people travel from all corners of the world to attend. But the vast majority of people experience them via TV or the internet.

It took a while, but the games themselves have adapted to that fact over the past few decades, says John Davis, a former professor of business at University of Oregon, who’s written a book about the commercial appeal of the Olympics.

“When it really started to shift was in the 1984 Los Angeles Olympics, which was the first truly profitable Olympics,” says Davis. The California games helped to transform the contest into a commercial and media phenomenon. Or as Davis puts it, they “ignited a virtuous cycle—athletes attract fans, fans attract media, and media attracts sponsors.” The stars of the show were the members of the US men’s basketball team, led by Michael Jordan, who himself had ushered in a new era of sports celebrity in the NBA.

Almost four decades later, the Olympics still live or die by their TV success, Davis explains: Six of the 10 most-watched broadcasts in world history are recent Olympics. One of these was the 2023 summer games in Rio de Janeiro, which were dogged by reports of corruption and delay in the lead-up to the opening ceremony. Despite the controversy, though, the games themselves drew 30 million viewers in the US, nearly an Olympic record. The easiest explanation for the outing’s success might have been that Rio’s time zone is only an hour ahead of New York’s, which made it easy to draw big audiences for prime-time events. This year’s event in Tokyo is also expected to draw record-setting viewers despite concerns over the coronavirus pandemic, in part because the main events will be scheduled so as to cater to a US viewership. That means athletes in Japan may compete at odd local times so their exploits can be broadcast live during American primetime or in concert with NBC’s Good Morning America.

Making it personal

Still, the Olympics draw far more viewers than one would expect given the relative popularity of the sports involved. Swimming and ice skating don’t normally get primetime treatment, so what compels people to watch them once every four years?

[Related: Surfers are riding a wave of new technologies to their Olympic debut]

The attraction, says Lisa Delpy Neirotti, a professor of sports management at George Washington University, isn’t the sports themselves. It’s about the narratives we build up around them.

“It does have special meaning because there’s so many amateur athletes [watching the games],” she says. “Anybody who competed in swimming at one point may have thought there would be the next Michael Phelps; almost every little kid tumbled at one point, maybe they could be Simone Biles.”

This focus on individual performance tends to make Olympic viewers “more forgiving” of athletes than traditional team-sports enthusiasts, says Davis. If you’re a Philadelphia diehard and the Eagles get knocked out of the NFL playoffs, you might be liable to stick your fist through drywall. But if a 100-meter runner you love fizzles out with a bronze, it’s easy for your enthusiasm to shift toward the underdog who came away with the gold.

For Sparta

There’s another, more primal reason we tune into the Olympics, and that’s national pride.

The idea for the modern Olympics emerged from the brain of one Baron de Coubertin, a 19th-century French aristocrat who thought sports were the perfect way to bring the whole world together under the banner of peace and harmony. That might have seemed possible back then, but two World Wars and a Cold War later, it’s not so practical.

Today, says Jeffrey Montez de Oca, a professor of sociology at the University of Colorado-Colorado Springs, the Olympics are a bloodless outlet for nationalism and patriotic sentiment.

[Related: How Abebe Bikila won the Olympics marathon without shoes]

“In the United States, we’ve always loved competition,” he says, “and the Olympics has always been a political space. It’s always been about competitions between nations.” When the Cold War was in full swing, says Montez de Oca, the most important challenge for the US was to beat the Soviet Union, as it did in the famous 1980 medal-round hockey game. Now, though, it’s more about dominating the overall medal count to show that we produce more great athletes than anyone. Either way, the games appeal to our innate tendency toward in-group belonging, a habit that has evolutionary roots in our ancestral pasts. Research has shown that early humans were more likely to survive when they associated and identified with well-defined cliques rather than ranging from cadre to cadre. As a result, some evolutionary theorists think that today’s patriotic feelings could stem from that ancient loyalty.

Other countries, meanwhile, have narrower and more specific ambitions. Montez de Oca’s wife is Japanese, and he says that Olympic fans in Japan root for the country to earn more medals than other small countries rather than dominate the overall count. In other countries like India or Norway, viewers may be invested in a less-watched event like archery or the biathlon. (Perhaps the most famous example of this phenomenon was the underdog Jamaican men’s bobsled team, immortalized in the 1993 film Cool Runnings.)

Why Synthetic Data And Deepfakes Are The Future Of Data Analytics?

Synthetic data can help test exceptions in software design or software response when scaling.

It’s impossible to understand what’s going on in the enterprise technology space without first understanding data and how data is driving innovation.

What is synthetic data?

Synthetic data is data that you can create at any scale, whenever and wherever you need it. Crucially, synthetic data mirrors the balance and composition of real data, making it ideal for fueling machine learning models. What makes synthetic data special is that data scientists, developers, and engineers are in complete control. There’s no need to put your faith in unreliable, incomplete data, or struggle to find enough data for machine learning at the scale you need. Just create it for yourself.

What is Deepfake?

Deepfake technology is used in synthetic media to create falsified content, replace or synthesizing faces, and speech, and manipulate emotions. It is used to digitally imitate an action by a person that he or she did not commit.

Advantages of deepfakes:

Bringing Back the Loved Ones! Deepfakes have a lot of potential users in the movie industry. You can bring back a decedent actor or actress. It can be debated from an ethical perspective, but it is possible and super easy if we do not think about ethics! And also, probably way cheaper than other options.

Chance of Getting Education from its Masters

Just imagine a world where you can get physics classes from Albert Einstein anytime, anywhere! Deepfake makes impossible things possible. Learning topics from its masters is a way motivational tool. You can increase the efficiency, but it still has a very long way to go.

Can Synthetic Data bring the best in Artificial Intelligence (AI) and Data Analytics?

In this technology-driven world, the need for training data is constantly increasing. Synthetic data can help meet these demands. For an AI and data analytics system, there is no ‘real’ or ‘synthetic’; there’s only data that we feed it to understand. Synthetic data creation platforms for AI training can generate the thousands of high-quality images needed in a couple of days instead of months. And because the data is computer-generated through this method, there are no privacy concerns. At the same time, biases that exist in real-world visual data can be easily tackled and eliminated. Furthermore, these computer-generated datasets come automatically labeled and can deliberately include rare but crucial corner cases, even better than real-world data. According to Gartner, 60 percent of the data used for AI and data analytics projects will be synthetic by 2024. By 2030, synthetic data and deepfakes will have completely overtaken real data in AI models.

Use Cases for Synthetic Data

There are a number of business use cases where one or more of these techniques apply, including:

Software testing: Synthetic data can help test exceptions in software design or software response when scaling.

User-behavior: Private, non-shareable user data can be simulated and used to create vector-based recommendation systems and see how they respond to scaling.

Marketing: By using multi-agent systems, it is possible to simulate individual user behavior and have a better estimate of how marketing campaigns will perform in their customer reach.

Art: By using GAN neural networks, AI is capable of generating art that is highly appreciated by the collector community.

Simulate production data: Synthetic data can be used in a production environment for testing purposes, from the resilience of data pipelines to strict policy compliance. The data can be modeled depending on the needs of each individual.