Data Annotation - Outsourcing v/s In-house - ROI and Benefits

Data Annotation - Outsourcing v/s In-house - ROI and Benefits

Data Annotation - Outsourcing v/s In-house - ROI and Benefits. So what is Data Annotation? Data annotation is a process to tag or label data making it easier for the algorithms to understand and process. AI experts tag data through specialized tools. Here are the Advantages Of Outsourcing Data Annotation Work.

A 2018 report revealed that we generated close to 2.5 quintillion bytes of data every single day. Contrary to popular belief, not all the data we generate can be processed for insights. For data that can be used for training machine learning algorithms, the data has to be classified.

If you ask a layman how Artificial Intelligence models and algorithms work, they would tell you that it involves just three steps:

  1. Data is fed to the algorithms

  2. The algorithms process the data

  3. The desired results are obtained

But in reality, this is not how an AI model works and with this outlook, we are completely missing a crucial layer that defines the entire algorithm’s capability to produce efficient and accurate results – data annotation.

In simple words, data annotation or labeling is a process in which humans (inevitable parts of artificial intelligence) tag or label data to make it easier for the algorithms to understand and process. AI experts tag data such as videos, text, audio, images, and other forms of data through specialized tools with human-in-the-loop. Only when the data is tagged can a machine can actually work on it.

However, the actual debate stems at this point as several companies out there have varied opinions on where they would like to get their data annotated. While some companies lean towards having an in-house team or using existing manpower and resources to annotate data, others prefer to outsource data annotation to third party vendors.

Both have their own set of pros and cons and if you’re someone who is stuck at that exact point in the process, this post will help bring you closer to making the right decision for you.

big data latest news data annotation roi outsourcing

What is Geek Coin

What is GeekCash, Geek Token

Best Visual Studio Code Themes of 2021

Bootstrap 5 Tutorial - Bootstrap 5 Crash Course for Beginners

Nest.JS Tutorial for Beginners

Hello Vue 3: A First Look at Vue 3 and the Composition API

Leveraging the Power of Big Data and Small Data

Leveraging the Power of Big Data and Small Data. Sheer volume of data made by the digitized world requires other ways to derive value from information. Using big data and small data together can help us know more about our customers and improve customer experience.

Big Data Consulting Services | Big Data Development Experts USA

WebClues Big Data Development & Consulting Services allow companies to innovate, experiment, & leverage new ways of data handling. With us, get a competitive edge in a data-driven world.

Top Microsoft big data solutions Companies | Best Microsoft big data Developers

An extensively researched list of top microsoft big data analytics and solution with ratings & reviews to help find the best Microsoft big data solutions development companies around the world.

Silly mistakes that can cost ‘Big’ in Big Data Analytics

‘Data is the new science. Big Data holds the key answers’ - Pat Gelsinger The biggest advantage that the enhancement of modern technology has brought

Big Data can be The ‘Big’ boon for The Modern Age Businesses

We need no rocket science in understanding that every business, irrespective of their size in the modern-day business world, needs data insights for its expansion. Big data analytics is essential when it comes to understanding the needs and wants of a significant section of the audience.