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.

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