How Outsourcing Data Annotation Can Help With Your Revenue Inflow

outsource data annotation

Businesses are adopting AI technology to automate decision-making and benefit from new business opportunities. Data labeling enables machines to gain an accurate understanding of real-world conditions and opens up opportunities for a wide variety of businesses and industries. Grand View Research estimates data labeling services industry revenues to touch a staggering figure of USD 8.22 billion by 2028. be USD 316 million in 2018. They expect the industry to grow to USD 1.6 billion by 2025 and register a 256.6% CAGR throughout the 2021-2028 forecast period. According to PwCMcKinsey, AI has the potential to deliver additional global economic activity of around $15.73 trillion by 2030.

Continue reading

Few Aspects Of Data Annotation You Should Know

data support for AI

Businesses possessing volumes of unstructured data will always find it hard to streamline their work processes and make smart decisions. On the contrary, having well-defined, structured data would mean attracting secure and consistent data handling without having to search for the relevant data set every single time. Data annotation is without a doubt an inevitable part of any business. Obtaining the desired data from a pool of data available at hand is only possible with data annotation for ML. Infact, for Artificial Intelligence (AI) and Machine Learning (ML) implementations to be effective, annotated and labeled data plays an extremely vital role.

Continue reading