Data engineering

Trend 14: Enterprise AI and decision making intensify with synthetic data

Enterprise AI intensifies the reliance on data for decision-making, but finding suitable training data remains a challenge. Enter synthetic data — computer-generated, algorithmically crafted datasets filling gaps where real data is scarce, sensitive, biased, or poses privacy risks. It powers generative AI, robotics, metaverse, and 5G, extending into mission-critical scenarios like healthcare.

Some research even shows that synthetic data will completely overshadow real-world data usage by 2030. It enables robust ML algorithms, upholds GDPR standards, and respects cross-border data flows. However, human-centric considerations, including value, privacy, ethics, and sustainability, demand careful attention. Infosys advises building a synthetic data center of excellence to use synthetic data responsibly and effectively.

A prominent medical manufacturer and supplier partnered with Infosys to build synthetic data sets for product development and AI-based predictive analytics. These synthetic data sets can be shared and reused beyond the scope of initial collection, an essential component to accelerate research and product development.

Data engineering

Trend 15: Industrialized AI enhances data scientists' experience

Data scientists, traditionally involved in manual data analysis and cleansing, lack standardized tools for wrangling, analytics, feature engineering, and model experimentation.

The shift toward an industrialized ecosystem sees increased adoption of automated advisory for faster feature engineering and improved quality analysis. The emergence of industrial data scientists, empowered with increased data access and AI/ML tools, is transforming the landscape.

Key factors for AI empowerment include simplified infrastructure, deployment, domain expertise collaboration, and access to generative AI programming tools like OpenAI's Codex.