Why Synthetic Data?

Take the Introduction to Synthetic Data Video Course to learn the basics!

Big Data Privacy is broken

Classic Anonymization Fails for Big Data.
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Personal Data Assets Are Locked Up.
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Synthetic Data is the Game Changer

Synthetic Data is Fully Anonymous
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Synthetic Data is As-Good-As-Real
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Why Classic Anonymization Fails for Big Data

It Destroys Valuable information

In an attempt to protect privacy, classic anonymization techniques (like data masking or obfuscating) destroy most of the valuable information in your datasets. This significantly reduces their utility for sophisticated AI and big data use cases.

It makes it easy to re-identify data subjects

In the era of big data, classic anonymization techniques fail to protect against de-anonymization. Researchers have demonstrated over and over again how easy it is to re-identify data subjects in these supposedly anonymous datasets. For example, 80% of credit card owners can be re-identified by only 3 transactions. Thus, relying on these outdated techniques puts your business at regulatory, reputational, and financial risk.

of mobile phone owners are re-identified simply by 2 antenna signals, even when coarsened to the hour of the day

of credit card owners are re-identified by 3 transactions, even when only merchant and the date of transaction is revealed

of all people are re-identified, merely by their date-of-birth, their gender and their ZIP code of residence

Watch the video to learn more about the flaws of classic anonymization

Personal Data Assets Are Locked Up

Keeping the privacy of their customers safe and secure is of utmost importance to conscientious organizations. In addition, the fear of privacy breaches and GDPR fines of up to €20 million per breach leads to privacy-sensitive data assets being strictly locked away.

But this severely hampers data-driven innovation and collaboration. The status quo in most industries is, that it takes 6-8 months to get access to customer data, resulting in high costs due to case-by-case approvals, expensive project delays, and missed opportunities.

But how should an organization ever become data-driven and customer-centric if it can’t freely collaborate and innovate on top of its customer data?

Synthetic Data reconciles Data Innovation with Data Privacy

Synthetic Data is as-good-as-real

Advances in machine learning enable the generation of highly realistic and highly representative, accurate synthetic data that resemble the characteristics as well as diversity of actual people. Synthetic data generated with MOSTLY AI’s synthetic data platform is capable of retaining ~99% of the value and information of your original datasets. This unprecedented accuracy allows using synthetic data as a replacement for actual, privacy-sensitive data in a multitude of AI and big data use cases.

Synthetic Data is fully anonymous

The pitfall of classic anonymization techniques is that they mask or obfuscate only parts of the data. They leave everything else intact. But in the era of big data, there is no non-sensitive attribute. Leaving information intact provides a target for adversaries to perform de-anonymization attacks.
 
Synthesizing data, is a fundamentally different approach to big data anonymization. Instead of changing an existing dataset, a deep neural network learns all the structures and patterns in the actual data. After the training, the model uses this knowledge to generate new synthetic data from scratch. This artificially generated data is highly representative, yet completely anonymous. It does not contain any one-to-one relationships to actual data subjects, thus the risk of re-identification is successfully eliminated.

Synthetic Data Facilitates AI & Big Data Innovation

The most popular synthetic data use cases

Rapid POC Evaluation

Evaluate software products with as-good-as-real synthetic data to reduce vendor-related costs and risks while speeding up innovation and product development in your organization.

Analytics & AI Training

Synthetic data is exempt from privacy regulations, enabling data scientists to see the big picture by accessing privacy-compliant, statistically identical synthetic repositories seamlessly.

Product development and testing

MOSTLY AI’s easy to use synthetic data platform empowers you to create a realistic test data environment with synthetic copies of your production data in a privacy safe fashion.

Hackathons & Datathons

As-good-as-real synthetic copies of your production datasets enable hackathon participants to work on robust solutions safely and without the debilitating limits of data scarcity while keeping privacy intact.

Fraud detection and AML

Testing, training, and calibrating your machine learning models with realistic artificial data that is representative of the fraudulent activities your institution encounters improve fraud detection and the AML models’ accuracy.

How can synthetic data help your company to become data-driven and customer-centric?

Schedule a call!