A practical use
Artificial records can test software without using a complete live customer dataset every time.
FinFly Explains / IT
Synthetic data is generated, not observed
Statistical methods or AI create examples intended to reproduce relevant properties of real data for testing or training.
Not evidence of an event
A generated record does not establish a real sale, payment or economic fact. FinFly recommends labelling it separately from measured statistics.
Validate quality and privacy
Check important relationships and rare cases. Do not assume automatic anonymity: assess provenance and potential disclosure of source data.
Method
Primary sources
The explainer is checked against these institutional and industry sources. Links open the original material.