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Best Synthetic Data Generation Processes

Aditya Chakurkar | January 15, 2022 | 531 views

Best_Synthetic_Data
Synthetic data is a replacement for the real thing when researchers and scientists can't get their hands on it because of confidentiality or privacy concerns. In simple words, synthetic data is a replacement for real data.

With the growing demand for artificial intelligence, there's no way we can produce enough real-world examples on our own. As a result, the need to create synthetic data has never been more pressing than it is now.


What is Synthetic Data?

Synthetic data is artificial data that is created through algorithms. It simulates the statistical properties of real people but without revealing any identifying information. Businesses across various industries need synthetic data for three major reasons:

  • Training machine learning algorithms
  • Product testing
  • Privacy

Artificial intelligence is becoming more and more advanced, with even the most complicated tasks being handled by these computer systems. For us humans who work in a less sophisticated field than AI development to make sense out of what they're doing sometimes, we need help from "synthetic" data which reflects real-world events mathematically or statistically but does not come directly from any person.

Synthetic data is a bit like diet soda. To be effective, it has to resemble the “real thing” in certain ways. Diet soda should look, taste, and fizz like regular soda. Similarly, a synthetic dataset must have the same mathematical and statistical properties as the real-world dataset it's standing in for. It looks like it, and has formatting like it.”

Kalyan Veeramachaneni, principal investigator of the Data to AI (DAI) Lab and a principal research scientist in MIT’s Laboratory for Information and Decision Systems


What are the Best Synthetic Data Generation Techniques?

Different methods of data synthesis can be used to generate synthetic data. Businesses should choose a method according to the requirements and level desired for specific purposes in generating this type of information, such as decision tree learning versus deep-learning techniques. Let’s learn more about some of the best synthetic data generation techniques.


Variational Autoencoder (VAE) and Generative Adversarial Network (GAN)

Variational Autoencoder (VAE) and Generative Adversarial Network (GAN) are deep generative models. VAE is a method of encoding data so that it can be transmitted more efficiently. The encoder creates an output that represents the original input, and then there's training on how well those two match up to each other through optimization methods.

On the other hand, the GAN model is an artificial intelligence technique that takes data from real-world events and generates synthetic ones. This process happens in two parts: generators create this new information, using something like machine learning or statistical analysis, and discriminants compare these synthetically created datasets with their original versions based on certain conditions set before training begins.


Monte Carlo Method

It has been said that if you have the data, then gambling on its distribution can be an effective means of generating synthetic samples. This is because businesses can determine what their best-fit model should look like by considering both observed information as well as potential outcomes based on different models or theories about how this particular set might behave; once they know these parameters it becomes possible for them to use Monte Carlo synthetic data generation method.


According to Dataset Distribution

For cases where real data does not exist but an analyst has a comprehensive understanding of how dataset distribution would look like, they can generate a random sample from any given distribution such as Exponential, Lognormal, Uniform, Chi-Square, Normal or t-distributions.


Scikit-Learn

Scikit-Learn is a method of synthetic data generation using Python, one of the most popular languages in the field of data science. Scikit-Learn is one of Python's three libraries that can be used to generate synthetic data. This powerful Python tool can be used for machine learning tasks like regression, classification and clustering. It also allows you to generate synthetic data if there's no real-world example of your researched topic.


Best Tools for Synthetic Data Generation

Generating synthetic data includes two steps: Data preparation and data synthesis. Data preparation is necessary before data synthesis. While several vendors can perform these two steps, we have compiled the three, best synthetic data generation tools for all:


Hazy

Hazy offers unique models capable of generating high-quality synthetic data with a differential privacy mechanism. Data can be tabular, sequential (containing time-dependent events), or dispersed across several tables in relational databases.


Edgecase.AI

Edgecase.AI takes the need for large-scale data annotation and generation of training images/videos to a whole new level with its proprietary platform. It helps solve fundamental problems in multiple industries like security, industry 4.0, healthcare, agriculture and retail.


MOSTLY AI

MOSTLY AI offers the leading synthetic data platform, which enables enterprises to unlock, share and fix their data. Thanks to its advanced artificial intelligence system, MOSTLY AI promises unmatched synthetic data accuracy while maintaining granular-level information.


Frequently Asked Questions


Which business functions can consider using synthetic data for improved overall efficiency?

The benefits of synthetic data are many. Data is an incredibly important component in all areas and can help us continue innovating new products, services or solutions when the necessary information isn't readily available. The following business functions can make the most of synthetic data for the best outcomes:

  • Human resources
  • DevOps
  • Agile Development
  • Machine Learning
  • Marketing


What are the key benefits of synthetic data?

Synthetic data has many benefits over real data. For example,

  • It focuses on multivariate relationships
  • It is immune to several, common, statistical problems
  • It overcomes restrictions that may arise while using real data


What are the main limitations of synthetic data?

Even though synthetic data has many advantages, there are some challenges around it as well. For example,

  • It requires output control
  • It is time-consuming
  • It is yet to gain significant user acceptance
  • Data quality depends heavily on data source

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Its intuitive drag-and-drop user interface builder allows reusability, radically shortens the time to market, and empowers the citizen development workforce. 3.3 Creatio Creatio is a no-code development platform with a compostable architecture. Creatio Studio allows for no-code application development with an extreme degree of freedom. It lets you select the available types of apps, connectors, and OOTB functionality templates to manage instances and facilitate the collaborative development process. It is packed with intuitive no-code design automation tools to create and modify pages and views, data models, workflows, and integrations in a no-code workplace. It has a library of predefined views, widgets, and templates to accelerate the design process. Optimize and manage structured and fluid processes using workflow management capabilities with advanced analytics. Add integrations with SOAP and REST integration connectors. Use AI and ML to automate your workflows and enhanced security and safety for enterprise application platform scalability. Using the collaborative process designer, accelerate process design and standardize process management with team efforts. 3.4 Decisions Decisions is a powerful low code automation platform and business process management software that is capable of building no-code and low code applications. It helps turn siloed decisions into centralized rules. Its no-code intelligent process automation platform enables the codification of business logic and automation decisions, manages workflows, finds and fixes problems, connects systems to unify operations, and designs seamless experiences. Its visual design interface helps to design, optimize, and launch complex processes without writing code. Building software apps that solve business problems by automating functions to simplify, standardize, and streamline business operations and stay compliant is easy with Decisions. 3.5 Interfacing. Intefacing offers a business transformation suite using low-code rapid application development technology. It primarily supports business process optimization, quality control, continuous improvement, change management, SOP development, digital transformation, business excellence, and stakeholder happiness. It extensively offers eFORMS, process automation, low code database table entity designer, system integration designer, tax monitoring and delegation, custom rules and actions, text and voice messaging services, custom dashboard design, and app mobile touchscreen for better control over your low code mobile app development. Interfacing allows building simple to complex consumer-focused applications and business processes in hours, not days. 3.6 Kissflow Kissflow's enterprise-grade low code application development platform lets businesses take control with no IT background. It helps digitize operations, automate processes, and modernize apps using its components. The software offers a comprehensive suite of features such as application builder, process designer, boards, reports, and analytics, and custom UI. It also provides collaboration, developer sandbox, extensive integrations, external portals, and roles-based access control for application deployment with new builds. Using a visual builder for forms with easy drag-and-drop options, work management, intuitive dashboards, communication, and collaboration, Kissflow has emerged as an industry standard in no-code development. Bring business and IT together with a DevOps approach, streamline ad-hoc requests, manage and control with a central console, and reap returns with high productivity and a lower time-to-market with Kissflow. 3.7 Skuid With Skuid, you can build low-code mobile apps from scratch for multiple platforms that are user-friendly. It allows design interdependence, composite apps, and rapid prototyping. Custom user experience options on Skuid NLX involve design decisions about interaction, navigation, and app structure. Skuid SFX helps build modern, custom Salesforce apps. It helps with lightning customization, portals and communities, and a high-performance engine. Skuid EXP for enterprise HR app creation brings features to maximize platform value, flexible deployment, and people-centered portal creation. Components on Skuid include account dashboards, customer request forms, opportunity management, quick orders, revenue and expense dashboards, dynamic forms, retail data dashboards, and a contact directory. These features help increase app adoption and innovation by 10x. 3.8 TrackVia, Inc. TrackVia helps automate processes in a business to connect and track everything that matters. It allows for seamless integration with existing ERP, CRM, BPM, financial systems, and more. It helps keep up with product and quality, compliance, custom workflows, supply chain management, project management, and field services. Its low-code app development platform enables users to build business apps without code and without limits with the help of its toolkit and a canvas. It brings intelligent workflow automation, single to multiple sandbox environments with unlimited applications and unlimited storage, and records for 1 administrator and 5 users. Its pricing plans include mobile, quick start, business, and enterprise for citizen developers in any industry. 3.9 Ultimus Ultimus offers a highly customizable platform with integration capabilities for business process management. It has a strong focus on security and compliance and offers scalability and dedicated support. Ultimus streamlines app development with a cost-effective platform, empowering non-IT business users to create custom apps easily. Its mobile-ready technology deploys on-cloud or on-premises servers, prioritizes decision-making, and improves the customer experience by eliminating isolated apps and data. A unified inbox and high-productivity portal fuses interactions with customers, employees, and partners. Ultimus avoids high upfront costs with flexible pricing options. 3.10 Xenoss Xenoss's mar-tech, low-code platform offers up to 40% cost savings and the fastest time-to-market in the industry. It has ad-tech and mar-tech parts like a bidding cluster, mission control, campaign front end, account server, logging cluster, predictor optimization engine, aggregator, reporter, DMP profile builder, DMP segment builder, DMP real-time audience DB cluster, health monitoring system, and real-time anti-fraud. Its feature set includes campaign management, budget management, creatives, supply integrations, device targeting, geographic targeting, audience targeting, dayparting, media planning, the DMP, automatic campaign optimization, manual campaign optimization, tracking, reporting, and analysis, support tools, and the data collection web SDK. It offers a customizable and integratable user-friendly platform. With a strong focus on scalability, it offers dedicated support. Its pricing is based on a per-user basis. 4. Strategic Low-Code Development: Trend Forecast Analysis Large companies will keep using low-code platforms for digital transformation in the near future because their visual interfaces and pre-built components can speed up software development. Strategic low-code development will be a must for reducing time-to-market, speeding up digital transformation, and putting security and compliance front and center. More and more people will use industry-specific solutions, AI integration, collaboration, and process automation, which will streamline operations and make them more efficient. Some of the best low code app development platforms will meet security and compliance requirements like HIPAA and PCI, so sensitive information will be safe. AI and machine learning tools will make it easier to solve problems and improve processes. This will bring IT and business operations closer than ever before. These automation platforms will be crucial to making businesses more profitable and stable because they will let them get the most done with the least amount of work.

Read More
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Article | December 30, 2021

Whilst there are many people that associate AI with sci-fi novels and films, its reputation as an antagonist to fictional dystopic worlds is now becoming a thing of the past, as the technology becomes more and more integrated into our everyday lives. AI technologies have become increasingly more present in our daily lives, not just with Alexa’s in the home, but also throughout businesses everywhere, disrupting a variety of different industries with often tremendous results. The technology has helped to streamline even the most mundane of tasks whilst having a breath-taking impact on a company’s efficiency and productivity

Read More

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Article | February 11, 2020

With the Government investing £250 million into the project, the Lab will consider how to use AI for the benefit of patients – whether this be the deployment of existing AI methods, the development of new technologies or the testing of their safety. Amongst other things, the initiative will aim to deliver earlier diagnoses of cancer. It is estimated that in excess of 50,000 extra patients could see their cancer being detected at an early stage, thus boosting survival rates. More specifically, a study has shown that AI is quicker in identifying brain tumour tissue than a pathologist.This would have a positive knock-on effect in other areas, such as enabling money to be saved (that otherwise would have been spent on further treatment) and reducing the workload of staff (at a time when there is a crisis in NHS workforce numbers).

Read More
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Core Compete

Core Compete is a cloud analytics company. We bring our expertise in creating cloud data lakes, modernizing analytical platforms and developing next generation AI and ML based solutions that create business impact. We differentiate ourselves by bringing in our domain expertise to complement our technical expertise, to help our customers focus on the right questions and projects that can drive business impact. We have deep domain expertise in Retail, Supply Chain, Broadcast Media and Financial Services.

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AI TECH, GENERAL AI, SOFTWARE

Wondershare EdrawMax Unveils Version 12.5.0, Empowering Users with AI-Powered Intelligent Diagramming Tools

Prnewswire | May 31, 2023

Wondershare EdrawMax, a leading provider of diagramming solutions, is thrilled to announce the launch of EdrawMax 12.5.0, a significant update that ushers in a new era of AI-powered features for its intelligent diagramming tools. A main highlight of this updated version is Edraw AI. Edraw AI assists you in creating mind maps, flowcharts, special diagrams, as well as polishing your text and having an easy one-click edit for your diagrams. This new AI-powered technology allows EdrawMax to provide an interactive and user-friendly experience that simplifies the way you create diagrams in your work. The new powerful AI capabilities for diagrams in EdrawMax 12.5.0 includes the following features: AI Generated Content: Use artificial intelligence to automatically generate customized and relevant content. It includes continue to expand the Mind Map, text break, polish text, make this passage longer, make this passage shorter, change tone, translate and other AI-driven editing functions. AI One-Click Diagraming: Diagram creation is now simplified with AI-powered mind maps and flowcharts that can be done with just one click. One-Click Edit: Now, with one click, you can modify the layout, structure, and elements of diagrams. OCR Image Extract Text: Extract text from images for seamless integration into diagrams. "We are pleased to announce EdrawMax 12.5.0, which signals a new AI-powered phase of EdrawMax's intelligent diagramming tools. With seamless integration of artificial intelligence, users can effortlessly streamline the process of creating diagrams and increase productivity," said Joanne, EdrawMax Product Manager. "We believe these state-of-the-art AI tools will change the way people draw diagrams, providing greater efficiency and convenience. About Wondershare Wondershare is globally recognized as a software company that is committed to delivering innovative solutions for personal and professional use. As a leader in creativity and productivity products, Wondershare has received prestigious awards from organizations such as The Shorty Awards, G2, and GetApp. At Wondershare, the mission is to empower individuals to pursue their passions and build a more creative world. With over 100 million users across 150 countries, users can access a wide range of software solutions for video editing, PDF editing, data recovery, diagram and graphics, and more. Together, Wondershare strives to provide high-quality, user-friendly software that enables individuals and businesses to bring their creative ideas to life.

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GENERAL AI, AI APPLICATIONS, SOFTWARE

Miro Announces AI-Powered Solution to Supercharge Innovation for Global Enterprises

Prnewswire | May 29, 2023

Miro®, the visual workspace for innovation, today announced Miro AI - a set of Artificial Intelligence (AI)-powered features that optimize the most common and complex workflows on Miro. The features are available to all enterprise customers and users. Miro AI harnesses the power of large language models and generative AI - including leveraging Miro's own in-house models - to streamline a variety of processes and workflows, helping teams bring products and services to market more quickly. Miro is a critical tool in hybrid work environments where distributed, cross-functional teams must collaborate on complex workflows, including customer research analysis, strategy workshops, technical diagramming, and customer-centric product design. Miro AI is optimized for these workflows and functions across the platform to ensure every team member has access to the same information and capabilities designed for innovation. As an enterprise-grade solution, Miro AI is designed with security and privacy in mind. Miro has partnered with Azure OpenAI Service by Microsoft, a secure and enterprise-ready AI partner, enabling it to build enterprise-ready features at scale. Utilizing Miro AI does not change the robust admin controls on the platform, company admins can still track, manage, and update permissions with ease. Input data is only kept for the period that it's being processed in order to generate the output. No input data is stored after that, and information placed on Miro is not used to train AI models. "Miro AI plays a key part in helping teams accelerate every stage of the product life cycle. It's especially valuable for supporting enterprise product teams responsible for research and development to accelerate the creation of new products and services", says Varun Parmar, head of product at Miro. "Miro AI can perform tasks like creating technical diagrams, interpreting code, and clustering and summarizing board content. The goal is maximizing output and eliminating tedious overhead." "AI should enrich and support the work you do, and I'm already seeing multiple ways in which Miro AI will benefit my team," says Vlore Krug, Head of Organizational Development, mobile.de, Germany's biggest online vehicle marketplace. "Our agile coaches often facilitate brainstorms with up to 15 participants. At the end of an activity we spend a huge amount of time 'clustering' comments and ideas posted in sticky notes. With Miro AI, these notes can be organized and summarized automatically in seconds. This means less time spent on time-intensive, manual tasks where we risk losing concentration and momentum, and more time collaborating with customers or colleagues." Miro will initially bring 12 AI features to market. These include the ability to generate, summarize, and cluster ideas based on sentiment and keyword, bring ideas to life by automatically generating images based on text, and instantly visualize complexity using sequence diagrams. "Miro AI will be invaluable in supporting our client-facing activities," says Martin Gleitsmann, Business Strategist at not yet normal, a business development agency based in Hamburg, Germany. "We want every participant - from Designer to CMO - to feel included and empowered in our creative and innovation processes. AI-based technology will help to eliminate the knowledge gaps for participants during sprints providing them with a helpful tool of expression. In addition, with Miro AI supporting our operations, we can really deep-dive with our clients on Miro to make observations that bring us a deeper, more complex understanding of trends - eliminating the human research-bias and doing this in seconds, rather than hours or days." Miro AI exemplifies Miro's ability to bring big, innovative ideas to life through constant iteration and experimentation and is purposefully built with its users in mind, addressing the most common and most complex challenges that slow innovation. New features and improvements will be introduced on a rolling basis. Miro invites its Community to share the features they would like to see next by visiting the Miro AI Wish List. About Miro Miro is a visual workspace for innovation that enables distributed teams of any size to build the next big thing. The platform's infinite canvas enables teams to lead engaging workshops and meetings, design products, brainstorm ideas, and more. Miro, co-headquartered in San Francisco and Amsterdam, serves more than 50M users worldwide, including 99% of the Fortune 100. Miro was founded in 2011 and currently has more than 1,500 employees in 12 hubs around the world. To learn more, please visit https://miro.com.

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AI TECH, AI APPLICATIONS, SOFTWARE

Rocketium Launches New Agile CreativeOps Platform With Novel AI Features

Accesswire | May 30, 2023

Rocketium, a platform that specializes in improving in-app and website conversions through video and display banner automation, has unveiled its latest breakthrough: an innovative and agile CreativeOps platform. This cutting-edge platform marks a significant milestone in the realm of creative operations, as it seamlessly integrates with robust generative AI features, the latest in automation capabilities, and advanced creative analytics. As a company that specializes in the field of creative technology solutions, Rocketium has combined these components into a solution to empower global teams when it comes to enhancing their design processes and making astute decisions that yield substantial business impact. At the core of Rocketium's new CreativeOps platform lies its generative AI technology, which revolutionizes the way creative content is generated and produced. Leveraging the power of artificial intelligence, the platform generates high-quality visuals, videos, and other creative assets with remarkable efficiency. This AI-driven capability enables teams to streamline their creative workflows, eliminating repetitive tasks and freeing up valuable time for more strategic endeavors. Rocketium's new platform offers automation features that provide users with a range of automated tools and processes. These features automate various aspects of the design process, such as asset organization, version control, and collaboration, reducing the likelihood of errors and improving overall productivity. The automation capabilities allow teams to work swiftly, resulting in faster turnaround times and increased agility in responding to market demands. Creative analytics is another pivotal component integrated into Rocketium's platform, enabling teams to make data-driven design decisions. The use of advanced analytics and reporting functionalities allows the platform to provide valuable insights into the performance and impact of creative assets. Teams can measure key metrics, such as engagement, conversions, and brand reach, gaining a comprehensive understanding of the effectiveness of their designs. Armed with these insights, teams can optimize their creative strategies, refine their approach, and ultimately achieve more substantial business outcomes. The comprehensive nature of Rocketium's CreativeOps platform ensures that global teams can leverage its features and benefits across multiple dimensions. Whether collaborating remotely or across different time zones, the platform facilitates seamless communication and coordination, fostering effective teamwork. The platform's intuitive user interface and user-friendly tools ensure ease of use, making it accessible to professionals across various skill levels. Sandeep Shekhawat, who works with Rocketium as a tech advisor, says that the CreativeOps platform will help the company as it continues to grow and scale. The company's tech has already earned the trust of over 100 brands including Fortune 500 and Forbes Global 2000 companies.. Professionals from a wide range of industries, including marketers, designers, e-commerce managers, and product managers, rely on Rocketium's platform to take their ideas to market more quickly. The company works with large enterprises, eCommerce marketplaces, and retail omnichannel companies with teams spread across countries. "The team at Rocketium is dedicated to assisting brands and businesses in scaling and enhancing their visual content and driving improved conversion rates," says Shekhawat. "The launch of this agile CreativeOps platform means that the landscape of design decision-making undergoes a remarkable transformation. Through the integration of generative AI features, automation capabilities, and creative analytics, the platform equips global teams with the tools they need to make informed and impactful design choices." Shekhawat adds that Rocketium's growth strategy involves expanding its operations in the US to target enterprise customers with complex content creation workflows and pipelines. "They are specifically focused on creating advertising campaign content and digital display content in retail for campaigns and price displays," Shekhawat reveals. Shekhawat, an expert in the areas of electronic price displays, digital transformation, and IoT-based Smart Retail, has worked with some of the biggest brands in the world, developing platforms that help these massive corporations deliver content in a reliable, efficient manner, with the ability to update content over the air in real-time, while using low power. "Enhancing in-store experience with video displays using automated and personalized content creation will be a game changer for big name retailers," Shekhawat affirms. "Creating compelling content to showcase product features, provide helpful information, or entertain customers while they shop will help retailers have the edge in the low margin retail business." With Rocketium's agile CreativeOps platform, users can harness the power of this innovative solution, and businesses can unlock new levels of creativity, efficiency, and effectiveness. About Rocketium Rocketium, established in 2015, is an agile CreativeOps platform that helps enterprises and Fortune 500 companies take their communications to market in cost- and time-efficient ways. The company utilizes creative automation, seamless collaboration, automated compliance, and creative analytics with the goal of helping enterprises maximize their existing teams, processes, and tools.

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AI TECH, GENERAL AI, SOFTWARE

Wondershare EdrawMax Unveils Version 12.5.0, Empowering Users with AI-Powered Intelligent Diagramming Tools

Prnewswire | May 31, 2023

Wondershare EdrawMax, a leading provider of diagramming solutions, is thrilled to announce the launch of EdrawMax 12.5.0, a significant update that ushers in a new era of AI-powered features for its intelligent diagramming tools. A main highlight of this updated version is Edraw AI. Edraw AI assists you in creating mind maps, flowcharts, special diagrams, as well as polishing your text and having an easy one-click edit for your diagrams. This new AI-powered technology allows EdrawMax to provide an interactive and user-friendly experience that simplifies the way you create diagrams in your work. The new powerful AI capabilities for diagrams in EdrawMax 12.5.0 includes the following features: AI Generated Content: Use artificial intelligence to automatically generate customized and relevant content. It includes continue to expand the Mind Map, text break, polish text, make this passage longer, make this passage shorter, change tone, translate and other AI-driven editing functions. AI One-Click Diagraming: Diagram creation is now simplified with AI-powered mind maps and flowcharts that can be done with just one click. One-Click Edit: Now, with one click, you can modify the layout, structure, and elements of diagrams. OCR Image Extract Text: Extract text from images for seamless integration into diagrams. "We are pleased to announce EdrawMax 12.5.0, which signals a new AI-powered phase of EdrawMax's intelligent diagramming tools. With seamless integration of artificial intelligence, users can effortlessly streamline the process of creating diagrams and increase productivity," said Joanne, EdrawMax Product Manager. "We believe these state-of-the-art AI tools will change the way people draw diagrams, providing greater efficiency and convenience. About Wondershare Wondershare is globally recognized as a software company that is committed to delivering innovative solutions for personal and professional use. As a leader in creativity and productivity products, Wondershare has received prestigious awards from organizations such as The Shorty Awards, G2, and GetApp. At Wondershare, the mission is to empower individuals to pursue their passions and build a more creative world. With over 100 million users across 150 countries, users can access a wide range of software solutions for video editing, PDF editing, data recovery, diagram and graphics, and more. Together, Wondershare strives to provide high-quality, user-friendly software that enables individuals and businesses to bring their creative ideas to life.

Read More

GENERAL AI, AI APPLICATIONS, SOFTWARE

Miro Announces AI-Powered Solution to Supercharge Innovation for Global Enterprises

Prnewswire | May 29, 2023

Miro®, the visual workspace for innovation, today announced Miro AI - a set of Artificial Intelligence (AI)-powered features that optimize the most common and complex workflows on Miro. The features are available to all enterprise customers and users. Miro AI harnesses the power of large language models and generative AI - including leveraging Miro's own in-house models - to streamline a variety of processes and workflows, helping teams bring products and services to market more quickly. Miro is a critical tool in hybrid work environments where distributed, cross-functional teams must collaborate on complex workflows, including customer research analysis, strategy workshops, technical diagramming, and customer-centric product design. Miro AI is optimized for these workflows and functions across the platform to ensure every team member has access to the same information and capabilities designed for innovation. As an enterprise-grade solution, Miro AI is designed with security and privacy in mind. Miro has partnered with Azure OpenAI Service by Microsoft, a secure and enterprise-ready AI partner, enabling it to build enterprise-ready features at scale. Utilizing Miro AI does not change the robust admin controls on the platform, company admins can still track, manage, and update permissions with ease. Input data is only kept for the period that it's being processed in order to generate the output. No input data is stored after that, and information placed on Miro is not used to train AI models. "Miro AI plays a key part in helping teams accelerate every stage of the product life cycle. It's especially valuable for supporting enterprise product teams responsible for research and development to accelerate the creation of new products and services", says Varun Parmar, head of product at Miro. "Miro AI can perform tasks like creating technical diagrams, interpreting code, and clustering and summarizing board content. The goal is maximizing output and eliminating tedious overhead." "AI should enrich and support the work you do, and I'm already seeing multiple ways in which Miro AI will benefit my team," says Vlore Krug, Head of Organizational Development, mobile.de, Germany's biggest online vehicle marketplace. "Our agile coaches often facilitate brainstorms with up to 15 participants. At the end of an activity we spend a huge amount of time 'clustering' comments and ideas posted in sticky notes. With Miro AI, these notes can be organized and summarized automatically in seconds. This means less time spent on time-intensive, manual tasks where we risk losing concentration and momentum, and more time collaborating with customers or colleagues." Miro will initially bring 12 AI features to market. These include the ability to generate, summarize, and cluster ideas based on sentiment and keyword, bring ideas to life by automatically generating images based on text, and instantly visualize complexity using sequence diagrams. "Miro AI will be invaluable in supporting our client-facing activities," says Martin Gleitsmann, Business Strategist at not yet normal, a business development agency based in Hamburg, Germany. "We want every participant - from Designer to CMO - to feel included and empowered in our creative and innovation processes. AI-based technology will help to eliminate the knowledge gaps for participants during sprints providing them with a helpful tool of expression. In addition, with Miro AI supporting our operations, we can really deep-dive with our clients on Miro to make observations that bring us a deeper, more complex understanding of trends - eliminating the human research-bias and doing this in seconds, rather than hours or days." Miro AI exemplifies Miro's ability to bring big, innovative ideas to life through constant iteration and experimentation and is purposefully built with its users in mind, addressing the most common and most complex challenges that slow innovation. New features and improvements will be introduced on a rolling basis. Miro invites its Community to share the features they would like to see next by visiting the Miro AI Wish List. About Miro Miro is a visual workspace for innovation that enables distributed teams of any size to build the next big thing. The platform's infinite canvas enables teams to lead engaging workshops and meetings, design products, brainstorm ideas, and more. Miro, co-headquartered in San Francisco and Amsterdam, serves more than 50M users worldwide, including 99% of the Fortune 100. Miro was founded in 2011 and currently has more than 1,500 employees in 12 hubs around the world. To learn more, please visit https://miro.com.

Read More

AI TECH, AI APPLICATIONS, SOFTWARE

Rocketium Launches New Agile CreativeOps Platform With Novel AI Features

Accesswire | May 30, 2023

Rocketium, a platform that specializes in improving in-app and website conversions through video and display banner automation, has unveiled its latest breakthrough: an innovative and agile CreativeOps platform. This cutting-edge platform marks a significant milestone in the realm of creative operations, as it seamlessly integrates with robust generative AI features, the latest in automation capabilities, and advanced creative analytics. As a company that specializes in the field of creative technology solutions, Rocketium has combined these components into a solution to empower global teams when it comes to enhancing their design processes and making astute decisions that yield substantial business impact. At the core of Rocketium's new CreativeOps platform lies its generative AI technology, which revolutionizes the way creative content is generated and produced. Leveraging the power of artificial intelligence, the platform generates high-quality visuals, videos, and other creative assets with remarkable efficiency. This AI-driven capability enables teams to streamline their creative workflows, eliminating repetitive tasks and freeing up valuable time for more strategic endeavors. Rocketium's new platform offers automation features that provide users with a range of automated tools and processes. These features automate various aspects of the design process, such as asset organization, version control, and collaboration, reducing the likelihood of errors and improving overall productivity. The automation capabilities allow teams to work swiftly, resulting in faster turnaround times and increased agility in responding to market demands. Creative analytics is another pivotal component integrated into Rocketium's platform, enabling teams to make data-driven design decisions. The use of advanced analytics and reporting functionalities allows the platform to provide valuable insights into the performance and impact of creative assets. Teams can measure key metrics, such as engagement, conversions, and brand reach, gaining a comprehensive understanding of the effectiveness of their designs. Armed with these insights, teams can optimize their creative strategies, refine their approach, and ultimately achieve more substantial business outcomes. The comprehensive nature of Rocketium's CreativeOps platform ensures that global teams can leverage its features and benefits across multiple dimensions. Whether collaborating remotely or across different time zones, the platform facilitates seamless communication and coordination, fostering effective teamwork. The platform's intuitive user interface and user-friendly tools ensure ease of use, making it accessible to professionals across various skill levels. Sandeep Shekhawat, who works with Rocketium as a tech advisor, says that the CreativeOps platform will help the company as it continues to grow and scale. The company's tech has already earned the trust of over 100 brands including Fortune 500 and Forbes Global 2000 companies.. Professionals from a wide range of industries, including marketers, designers, e-commerce managers, and product managers, rely on Rocketium's platform to take their ideas to market more quickly. The company works with large enterprises, eCommerce marketplaces, and retail omnichannel companies with teams spread across countries. "The team at Rocketium is dedicated to assisting brands and businesses in scaling and enhancing their visual content and driving improved conversion rates," says Shekhawat. "The launch of this agile CreativeOps platform means that the landscape of design decision-making undergoes a remarkable transformation. Through the integration of generative AI features, automation capabilities, and creative analytics, the platform equips global teams with the tools they need to make informed and impactful design choices." Shekhawat adds that Rocketium's growth strategy involves expanding its operations in the US to target enterprise customers with complex content creation workflows and pipelines. "They are specifically focused on creating advertising campaign content and digital display content in retail for campaigns and price displays," Shekhawat reveals. Shekhawat, an expert in the areas of electronic price displays, digital transformation, and IoT-based Smart Retail, has worked with some of the biggest brands in the world, developing platforms that help these massive corporations deliver content in a reliable, efficient manner, with the ability to update content over the air in real-time, while using low power. "Enhancing in-store experience with video displays using automated and personalized content creation will be a game changer for big name retailers," Shekhawat affirms. "Creating compelling content to showcase product features, provide helpful information, or entertain customers while they shop will help retailers have the edge in the low margin retail business." With Rocketium's agile CreativeOps platform, users can harness the power of this innovative solution, and businesses can unlock new levels of creativity, efficiency, and effectiveness. About Rocketium Rocketium, established in 2015, is an agile CreativeOps platform that helps enterprises and Fortune 500 companies take their communications to market in cost- and time-efficient ways. The company utilizes creative automation, seamless collaboration, automated compliance, and creative analytics with the goal of helping enterprises maximize their existing teams, processes, and tools.

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