Evaluate software products and data-driven solutions with as-good-as-real synthetic data. Sandboxes populated with realistic and safe synthetic data reduce vendor-related costs and risks while speeding up innovation and product development. AI-generated synthetic data provides a privacy-safe, statistically identical, and scalable alternative to production data. Create a synthetic data sandbox environment to test the performance of data-intensive vendor solutions or share synthetic data directly, without privacy risks. Use complex, highly realistic behavioral data to give new levels of accuracy to your quality assessment.
A large North American Fortune 100 bank set up a synthetic data sandbox environment with high-quality synthetic data. Vendors could readily access the synthetic datasets and test their solutions in a controlled, data-safe environment. As a result, the average time of data delivery was brought down to 3 weeks. According to the bank’s estimation, the average cost of a POC is now only $5k – an 80% reduction from the average price of previous POCs. The annual saving impact of this single initiative amounts to $10M+.
Synthetic datasets come with automated QA reports detailing quality and privacy dimensions.