When Should You Collaborate With A Data Labeling Company? - PowerPoint PPT Presentation

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When Should You Collaborate With A Data Labeling Company?

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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. EnFuse offers end-to-end services in data labeling, tagging, and annotations. – PowerPoint PPT presentation

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Title: When Should You Collaborate With A Data Labeling Company?


1
When 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.

5
5. 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
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