Mr. Greg Wong reports
RIWI LAUNCHES CUTTING-EDGE SYNTHETIC DATA SOLUTIONS TO REVOLUTIONIZE MARKET RESEARCH AND AI DEVELOPMENT
Riwi Corp. has launched its innovative synthetic data generation capabilities, offering clients a powerful new tool for secure, high-quality and rapidly accessible data insights. This strategic expansion leverages Riwi's proprietary random domain intercept technology and its sample hub to create statistically robust and privacy-preserving synthetic data sets, addressing critical needs in an increasingly data-driven world.
Synthetic data, system generated rather than collected from real-world events, maintains the statistical properties and patterns of original data without compromising individual privacy. This breakthrough enables organizations to overcome significant challenges associated with traditional data collection, including privacy concerns, data scarcity, and the high costs and time involved in acquiring large, diverse data sets.
"The introduction of our synthetic data solutions opens up newer opportunities for our clients," said Greg Wong, chief executive officer of Riwi. "Our synthetic data offering provides a transformative solution, delivering statistically representative data sets that empower our clients to innovate faster and train more robust AI models while upholding the highest standards of data privacy and ethical practice. Best yet, we are offering our clients the ability to complement our real audience responses with synthetic data at no cost in order to help them learn the benefits of high-quality synthetic data."
Riwi's synthetic data capabilities are particularly valuable for:
- Privacy-sensitive research: conducting analysis on sensitive topics or populations where real data collection faces stringent privacy regulations;
- Artificial intelligence/machine learning model training: providing vast, diverse and unbiased data sets for training and validating AI and machine learning models, enhancing their accuracy and generalizability;
- Market simulation and forecasting: running complex simulations and predictive analytics without relying on real-world data constraints;
- Addressing data scarcity: generating data for rare events or niche markets where sufficient real data are difficult or impossible to obtain;
- Accelerating development: significantly reducing the time and cost associated with traditional data acquisition and preparation.
Utilizing advanced algorithms, Riwi's synthetic data generation process is informed by the unique real-time, random-sample data collected through its patented RDIT methodology, as well as from its continuing data trackers that are run globally. This ensures that the generated data sets accurately reflect the underlying characteristics and relationships found in real populations, providing unparalleled utility for diverse analytical and developmental purposes.
Riwi will be showcasing its synthetic data generator at both the Quirk's Event in New York on July 23 and July 24, as well as at the Pangborn Sensory Symposium on Aug. 17 to the Aug. 21 in Philadelphia.
In addition, Riwi would like to announce that it has granted an aggregate of 759,665 stock options to certain executives and directors of the company pursuant to the company's stock option plan. The options are exercisable at a price of 54 cents per share and expire on June 16, 2030.
About Riwi Corp.
Riwi is a market research platform and global trend-tracking and prediction technology firm. On a monthly or annual subscription basis, Riwi offers its clients tracking surveys, continuous risk monitoring, predictive analytics and ad effectiveness tests in all countries.
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