The Role of Synthetic Data in AI Model Training

The Role of Synthetic Data in AI Model Training

Manas Aggarwal, Shriniwas Maheshwari, Khush Loriya, Divyansh Agarwal

1manasaggarwal.cs22@rvce.edu.in, Student, CSE, R V College of Engineering, Bangalore

2 shriniwasm.cs22@rvce.edu.in,  Student,CSE, R V College of Engineering, Bangalore

3 khushloriya.cs22@rvce.edu.in, Student,CSE, R V College of Engineering, Bangalore

4 divyansha.cs22@rvce.edu.in, Student,CSE, R V College of Engineering, Bangalore

Abstract - Synthetic data has emerged as a groundbreaking resource in artificial intelligence (AI) development, offering a scalable, privacy-respecting, and cost-efficient alternative to real-world datasets. This research paper thoroughly explores the role of synthetic data in training AI models across key sectors, including healthcare, autonomous vehicles, finance, and cybersecurity. We delve into synthetic data generation methodologies such as Generative Adversarial Networks (GANs), diffusion models, and simulation-based techniques. Additionally, the paper evaluates the benefits, challenges, ethical considerations, and future trends associated with using synthetic data. Special attention is given to real-world applications and cutting-edge developments that showcase how synthetic datasets are transforming AI model training by addressing data scarcity, privacy risks, and inherent biases.