Title: When Should You Collaborate With A Data Labeling Company?
1When Should You Collaborate With A Data Labeling
Company?
- Be it Artificial Intelligence (AI) or Machine
Learning (ML), data quality is critical for the
successful implementation of any data-based
model or project. Most businesses are
adopting AI and ML technologies to automate
their decision-making and business processes and
nearly 80 of the time invested in such programs
is spent on data-related tasks such as data
preparation or training datasets for algorithms. - This includes the process of data labeling or
annotation. According to a recent McKinsey
article, data labeling or annotation is among the
leading challenges for the successful adoption of
AI-related technologies. The global market for
data labeling and annotation services is expected
to reach 5.5 billion by 2026.
2- So, what exactly is data labeling and is now
the right time for your businesses to partner
with a data labeling service provider? - What Is Data Labeling And What Are Its
Applications? - When it comes to supervised learning, ML
algorithms self-learn from labeled data (or data
tagged with labels). Data Labeling is the process
of preparing tagged datasets specifically for use
in machine learning. In other words, data
labeling is an integral part of the data
preparation process. For example, data labeling
for a facial recognition model requires the
tagging (or labeling) of specific features of
your face like eyes and nose. - For ML-based models, data labeling is required in
the following stages - Initial training of the data model enables it to
infer the desired output (for example, eye
color) from the provided input (for example, a
face image). - Continuous improvement, where any errors in the
model output can be corrected by feeding it back
into the ML model to improve its accuracy and
performance. - When Should You Partner With A Data
Labeling Service Provider? - Any business that has invested heavily in AI and
ML technologies needs to focus on the process of
data labeling to optimize its data quality.
Poorly labeled and low-quality datasets can
result in inefficient operations and loss of
business. Poor labeling can also pose major
safety concerns that can derail an entire
technology project.
3- Data Labeling Can Be Done
- In-house
- By freelancers
- With the help of a holistic, end-to-end service
provider - Partnering with a holistic, end-to-end service
provider skilled in data tagging, labeling, and
annotation services improves your likelihood of
sustainable success. Having a data labeling
partner boosts productivity and accelerates your
overall development timeline. Additionally, data
annotation service providers have the
comprehensive expertise and technology to meet
all your data requirements. - It Is Advisable To Work With A Data Labeling
Partner When - The success of your process depends upon having
high-quality data - You dont have an in-house team with
data-labeling expertise - You have an urgent need for properly annotated
data - You are required to follow industry best
practices and exhaustive quality assurance - So, once youve decided to work with a data
labeling partner, how do you go about selecting
the right one? - How To Select The Right Data Labeling Partner
4- Relevant Industry Experience
- While every solution provider claims to have
extensive industry experience, that may not
always be the case. Take a deeper look at their
experience in data labeling through client
testimonials and case studies. An experienced
service provider will be able to guide you
through the initial design phase and
specifications regarding data labeling specific
to your industry. If they cant, buyers beware. - Data Quality
- As mentioned before, the success of your AI or ML
programs is dependent upon data quality. Your
service provider must be able to detail the
processes and mechanisms they use to optimize
data quality (e.g., double-pass annotations to
improve data accuracy). - Data Security
- Data labeling services require you to share your
sensitive data with a third-party vendor, which
can lead to confidentiality concerns. Be sure to
find out what security protocols service
providers use to safeguard your data. - Types Of Data Labeling Services
- Broadly, data labeling services are segmented as
Text labeling (including tagging human sentiments
like happiness and anger), Image labeling (with
techniques like bounding boxes and 3-D cuboids),
and Audio-Video labeling. Your service provider
should offer each of these labeling services to
help improve the overall data model.
55. Tools And Technology Technology can play a
key role in improving data accuracy or reducing
manual labeling work. For example, labeling tools
can preprocess unstructured data using ML models
and labeling data partially. Data labeling and
annotation tools are constantly evolving. Take
the time to understand which tools and
innovations your potential partner has
implemented and how they are adapting to keep
pace with future disruptive technology. Data
Labeling - The Critical Building Block Of
AI And ML Programs As outlined in this
article, optimizing data quality is essential for
any business to maximize the value of their
investments in their AI and ML programs.
Partnering with the right service provider will
ensure you harness the true potential of your
data to effectively scale your business and
accelerate growth while mitigating risk. At
EnFuse Solutions, we offer end-to-end services in
data labeling, tagging, and annotations. As a
solution provider, we are committed to optimizing
your data quality for training your AI and ML
models. Want to learn more about how we can help
you succeed? Contact us today. Read more
Automated vs. Manual Data Labeling Evaluating
Pros and Cons