Syndata, the Stockholm-based startup specialized in synthetic data solutions. Synthetic data is Fake Real data. It is generated artificially (hence Fake) from real data, preserving statistical values within it, so it behaves like real data (hence Real). On the personal data points, synthetic data preserves insights, not identities. That’s why it protects privacy and is not subject to regulations (such as GDPR or similar regulatory frameworks). Additionally, you can generate as many data points as you need, taking care of biases within the real data and the problem of lack of data. Synthetic data can be used instead of real data for analysis, testing, sharing, and training of machine learning systems. By replacing real data with synthetic data, compliance is simplified, and data risks are reduced. Synthetic data can also be used to improve data sets through augmentation.
Type of expertise/capacity sought:
We are open minded about other partners. We can deliver directly to the project, be a partner or as a subcontractor. Although as a startup it is our estimation that other might have better conditions to promote and/or coordinate a Consortium.