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Why CMOs Should Care About Synthetic Data

January 4, 2023

Via: CMSWire

For digital marketing leaders struggling to execute marketing strategies amid data privacy regulations, synthetic data can help with secure and efficient data anonymization.

Synthetic data is generated by applying a sampling technique to real-world data or by creating simulation scenarios where models and processes interact to create completely new data not directly taken from the real world. This data can also be used to help with innovative advertising experiments and for the optimization of product solutions.

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