Artificial intelligence (AI) is an area of computer science that emphasizes the creation of intelligent machines that work and react like humans. We all are aware of AI and its applications in our daily life nowadays but knowing this tech deeply is something else. Machine Learning (ML) and Deep Learning (DL) are subsets of AI and are often used synonymously these days. And there is no doubt AI is trending for the coming years.

One of the biggest AI problems is lack of Quality Training Data and the only solution for quality training data is “Data Annotation” 

Data annotation plays a very important role in ascertaining your AI and machine learning projects are trained with the right information to learn from. Data annotation offers the initial setup for a machine learning model to provide accurate results.  Data annotation is an indispensable stage of data preprocessing in supervised learning. Artificial Intelligence (AI) and Machine Learning (ML) dictate a new approach to business – one that requires plenty of data. It’s a crucial task for machine learning because data scientists need to use clean, annotated, organized data sets to train machine learning models.

Following are Some Interesting AI Worldwide Statistics 

  1. By 2021, 80% of emerging technologies will have AI foundations.
  2. AI can increase business productivity by 40%
  3.  Sixty-three percent of people prefer to message a chatbot vs. talking with a human when communicating with a business. 
  4. According to different studies, there are more male employees in AI-related jobs than females. At least 71% are men.
  5.  By 2025, AI is expected to become a $60 billion dollar industry!
  6. ‘’Experts predict that by 2020, 85% of all customer service interactions will be handled without the need for a human agent.’’
  7. Experts believe that AI will take over 16% of current jobs within the next 10 years, but worry not, a new era of job opportunities will arise.
  8. By 2025 it is expected that 10 percent of spending on IT will be spent on AI-related activities. We’re one step closer to AI-empowered businesses.
  9.  ‘’AI-enabled tools will generate $2.9 trillion in business value by 2021’’ 
  10.  41% of consumers believe artificial intelligence will improve their lives in some way.

Just a bonus fact & Stat for you 

Stat:  Machine learning is predicted to grow by 48% in the automotive industry.

Fact:  Financial services are the future of AI.

ABOUT SERVICES 

We provide annotation services as our data annotation team is capable of drawing bounding boxes, cuboids, polygon, image classification/ tagging, text annotation, image masking annotation, data annotation & labeling, 2D & 3D annotation, Semantic segmentation, 3D LIDAR Annotation, autonomous vehicle, tagging of aerial view pictures, drone technology, contour annotation, etc.  

Data Annotation Types

  1. Text annotation
  2.  Image annotation
  3.  Video annotation

Learning Spiral, Data labeling company provides Data annotation and Data labeling services and is now working on a wide variety of highly nuanced Computer Vision, NLP/NLU, Content, and digital publishing use cases. The majority of the work we perform is using human intervention by trained, in-house & dedicated professionals.

Thanks For Reading & for more interesting updates Stay Tuned With us! 

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