Abstract:The development of robust AI models relies heavily on the quality and variety of training data available. In fields where data scarcity is prevalent, synthetic data generation offers a vital solution. In this paper, we introduce a novel approach to creating synthetic datasets, grounded in real-world diversity and enriched through strategic diversification. We synthesize data using a comprehensive collection of news articles spanning 12 languages and originating from 125 countries, to ensure a breadth of linguistic and cultural representations. Through enforced topic diversification, translation, and summarization, the resulting dataset accurately mirrors real-world complexities and addresses the issue of underrepresentation in traditional datasets. This methodology, applied initially to Named Entity Recognition (NER), serves as a model for numerous AI disciplines where data diversification is critical for generalizability. Preliminary results demonstrate substantial improvements in performance on traditional NER benchmarks, by up to 7.3%, highlighting the effectiveness of our synthetic data in mimicking the rich, varied nuances of global data sources. This paper outlines the strategies employed for synthesizing diverse datasets and provides such a curated dataset for NER.
Abstract:Machine learning for time-series forecasting remains a key area of research. Despite successful application of many machine learning techniques, relating computational efficiency to forecast error remains an under-explored domain. This paper addresses this topic through a series of real-time experiments to quantify the relationship between computational cost and forecast error using meteorological nowcasting as an example use-case. We employ a variety of popular regression techniques (XGBoost, FC-MLP, Transformer, and LSTM) for multi-horizon, short-term forecasting of three variables (temperature, wind speed, and cloud cover) for multiple locations. During a 5-day live experiment, 4000 data sources were streamed for training and inferencing 144 models per hour. These models were parameterized to explore forecast error for two computational cost minimization methods: a novel auto-adaptive data reduction technique (Variance Horizon) and a performance-based concept drift-detection mechanism. Forecast error of all model variations were benchmarked in real-time against a state-of-the-art numerical weather prediction model. Performance was assessed using classical and novel evaluation metrics. Results indicate that using the Variance Horizon reduced computational usage by more than 50\%, while increasing between 0-15\% in error. Meanwhile, performance-based retraining reduced computational usage by up to 90\% while \emph{also} improving forecast error by up to 10\%. Finally, the combination of both the Variance Horizon and performance-based retraining outperformed other model configurations by up to 99.7\% when considering error normalized to computational usage.