Press release
AI Training Dataset Market - Global Industry Could Hit New Highs | Amazon Web Services, Inc. Appen Limited Cogito Tech LLC Google, LLC (Kaggle) Lionbridge Technologies, Inc
Large volume of data generated from these technologies such as AI, machine learning, and big data have created demand for AI training dataset. Massive amount of unstructured and irrelevant data is generated from these technologies, therefore, it is important to train a machine learning model with accurate and relevant data only. Thus, to make accurate predictions and to improve performance of AI training datasets, various technologies have been adopted by different industries to improve their overall performance.
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The AI training dataset market is growing at a very fast pace, and is a very competitive market, hence prominent players are adopting different strategies such as expansion of their services, new product launches, collaborations, partnerships, and mergers to increase their reach in the market. For instance, in January 2019, IBM Corporation released a new dataset that comprises 1.0 million images of faces. The dataset would help developers to train their face recognition systems supported by artificial intelligence technology with diverse datasets. Moreover, it would help developers to increase accuracy of face identification. In March 2019, Appen Limited, a specialized dataset provider, announced acquisition of Figure Eight Inc., which is a provider of machine learning platform. The acquisition is expected to help the company to increase creation speed of a high-quality dataset for training AI to enhance quality of data.
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Asia-Pacific is expected to witness a significant growth, owing to emerging economies such as India, China, and South Korea. These countries are emerging as manufacturing hubs, owing to which many industries in the region are adopting AI and automated solutions to gain a competitive edge and achieve maximum productivity, which fuels growth of the market.
Key market players such as - Amazon Web Services, Inc. Appen Limited, Cogito Tech LLC, Google, LLC (Kaggle) Lionbridge Technologies, Inc, Microsoft Corporation Scale AI; Inc Samasource Inc. Alegion, Deep Vision Data
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Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.
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