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Posted by Elias John on July 10, 2024 at 3:27am 0 Comments 0 Likes
The Eccouncil 712-50 certification, formally known as 'EC-Council Certified CISO,' is a valuable asset for IT professionals seeking to advance their careers within…
ContinueThe global AI Training Dataset Market size is expected to reach USD 4.90 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 19.5% from 2021 to 2028. Google, LLC (Kaggle), Appen Limited, Cogito Tech LLC, Lionbridge Technologies, Inc., Amazon Web Services, Inc., Microsoft Corporation are some of the key players in this industry. Artificial Intelligence (AI) technology is proliferating. As organizations are transitioning toward automation, the demand for technology is rising. The technology has provided unprecedented advances across various industry verticals, including marketing, healthcare, logistics, transportation, and many others. The benefits of integrating the technology across various operations of the organizations have outweighed its costs, thereby driving adoption.
Due to the rapid adoption of artificial intelligence technology, the need for training datasets is rising exponentially. To make the technology more versatile and accurate with its predictions, a wide number of companies are entering the market space by release various datasets operating across various use cases to train the Machine Learning (ML) algorithm. Such factors are substantially contributing to market growth.
Factors such as the cultivation of new high-quality datasets to speed up the development of AI technology and deliver accurate results are driving the market growth. For instance, in January 2019, IBM Corporation, a technology company, announced the release of a new dataset that comprises 1 million images of faces. This dataset was released to help developers to train their face recognition systems supported by artificial intelligence technology with diverse datasets. This dataset will help them to increase the accuracy of face identification.
Related Press Release@ AI Training Dataset Market Report
AI Training Dataset Market Report Highlights
List of Key Players in the AI Training Dataset Market
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