Data Annotation - Billion Dollar Potential Driving the AI Revolution

Artificial intelligence holds the key to an era of innovation and is increasingly becoming pervasive in our lives. Businesses across sectors are leveraging the transformative potential of AI for data-driven decision-making. However, at the core of the AI revolution lies the need for large training datasets, something that most enterprises are struggling to address. Data annotation and labelling services play a critical role in bridging this gap by helping enterprises with quality training data for their AI models. This report attempts to highlight the huge potential that India has to become the data annotation and labelling hub for the world. The study demystifies the data annotation landscape, market serviced by India, and the potential impact that the industry can create both in terms of job creation and accelerating India’s AI readiness.