Have you ever pondered how much data is generated per day in the data-driven society we live in? Tech experts have been wondering, too. The stats demonstrate that this number equals 2.5 quintillion of bytes of data. This is exactly how much data we produce every single day.
However, this is the number we get at the current pace of development and increased AI deployment in business. The situation is changing, though, with more and more companies adopting the latest digital trends and technologies, like AI, big data, IoT, digital twins, etc. The same is true for artificial intelligence, whose impact on society grows by leaps and bounds.
That said, each of these sophisticated solutions is powered by data, which is naturally raw and unstructured. So, for this data to be truly useful, it needs to be properly annotated. Data labeling is “the key ally in supporting AI initiatives” for major industries today, as stated by Label Your Data. It requires a competent fusion of human labor and technology. By technology, we mean specialized tooling that brings a pinch of automation to the tedious process of annotating data.
Let’s see what the main tool options are available for the major leaders in the industry or any AI enthusiast wishing to scale their projects!
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95% of machine learning algorithms that are in active use across the industry are supervised. This means that roughly the same number of AI initiatives rely on annotated data. However, industrial data is a complex matter.
The majority of industrial activities may be significantly improved, and industries can prosper fast, by knowing how to handle the industrial data produced by systems, sensors, and assets. For this, data annotators must thoroughly analyze and annotate the data used to run the ML models for various industrial purposes.
As we’ve uncovered the main points of the data annotation role for major industries today, it’s time to reveal what labeling tools they use to stay ahead of the digital curve (or which annotators use to help them do so):
One of the leading image annotation tools is an automated annotation platform for AI-assisted image annotation, video annotation, and dataset management
A good example of the industrial application of data annotation is an industrial robot (excuse the tautology). High-quality labeled data is the main driving force behind this technology, which can perform object recognition and tracking, navigation, crack detection, and robot arm guidance.
Predictive maintenance and quality control are other two examples of how labeled data can be of great value in the manufacturing and production stages. Predictive capabilities of AI help foresee any potential issues and technical malfunctions, while quality control is enabled through computer vision systems that are based on annotated data.
The most common industries to use data annotation services for their model training are the medical sector, automotive industry, agriculture, retail, and social media. The data annotation types they mostly use are object detection and tracking, instance segmentation, and semantic segmentation. Most of them are covered and professionally handled here at https://labelyourdata.com/services.
In AI, data annotation is invariably the key to success. This is because labeled data provides machine learning models with a structured and organized source to learn from and be trained on. As a result, today’s major industries are benefiting from the vast number of solutions that AI offers them.
The bulk of contemporary technologies provide users with data annotation tools that can be web-based, downloaded, or used online. Either way, for each type of data and labeling method, there is a wide range of tool options available. With that being said, ensure you make a sensible pick.
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