AltData

Empowering artificial intelligence (AI) and machine learning (ML) algorithms to train faster

AltData was founded in Australia by a team of technology professionals to address the critical need for high-quality data in AI sectors like defence, space, bioscience, healthcare, fintech, manufacturing, automotive and robotics. In these industries, obtaining real-world data is often challenging due to classification or privacy issues. AltData’s solution involves generating synthetic data sets enriched with accurate metadata, which is crucial for training AI systems.

Benefits

Merging synthetic data with metadata to enhance computer vision for defence, space, healthcare, and fintech.
Generating fully or semi-synthetic data to test models and resolve biased or low-quality dataset issues.
Utilising synthetic data to solve complex regulatory issues, enabling safe use without compromising privacy.
Avoiding security issues where real-world data is unavailable.

Technology

AltData’s synthetic data technology revolutionises AI, ML, and computer vision system development by addressing the critical need for high-quality training datasets. Unlike traditional methods, AltData generates fully synthetic data, eliminating privacy and legal concerns. With the capability to create diverse scenarios, including semi-synthetic data using existing datasets, AltData ensures scalability and cost-effectiveness, This technology fills the gap in cross-industry settings where real-world data is scarce or unavailable.

Potential markets

AltData targets the current and fastest-growing AI sectors such as defence, space, bioscience, fintech, healthcare, automotive, robotics, and manufacturing, with plans to expand to other areas.