In this episode of Generation AI, hosts JC Bonilla and Ardis Kadiu explore the transformative potential of synthetic data in AI model advancements. They discuss how this artificially generated information has become crucial for AI systems, now accounting for 60% of data used in AI according to Gartner. Highlighting the accessibility of this technology, JC and Ardis conduct a live demonstration, generating synthetic admissions data in real-time. This practical showcase illustrates how institutions can leverage synthetic data to solve real-world problems in education, from forecasting enrollment to optimizing resource allocation.Understanding Synthetic Data (00:07:05)Definition: Artificially generated data mimicking real-world patternsImportance: 60% of data in AI is synthetically generated (Gartner statistic)Use in training smaller, specific models for various applicationsRegulatory and ethical considerations, including privacy and security implicationsApplications in Higher Education (00:03:11)Creating datasets for testing failure scenarios in educational systemsUsing synthetic data for student recruitment and admissions modelingPotential for inventory management and forecasting in campus operationsExamples in autonomous vehicles, finance, and healthcare applicable to university researchLive Synthetic Data Generation Demo (00:16:25)Introduction of "Artis, I have a question" segmentStep-by-step process of generating synthetic admissions data using AIDemonstration of creating Python code for data generation and visualizationDiscussion on potential refinements and uses of generated data in higher education contexts
- - - -Connect With Our Co-Hosts:Ardis Kadiuhttps://www.linkedin.com/in/ardis/https://twitter.com/ardisDr. JC Bonillahttps://www.linkedin.com/in/jcbonilla/https://twitter.com/jbonillxAbout The Enrollify Podcast Network:Generation AI is a part of the Enrollify Podcast Network. If you like this podcast, chances are you’ll like other Enrollify shows too! Enrollify is made possible by Element451 — The AI Workforce Platform for Higher Ed. Learn more at element451.com.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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