Crowdworks, a leading provider of a crowd-sourcing-based, AI training data & solutions platform, announced it has been named a Sample Vendor in the Gartner Hype Cycle for Data Science and Machine Learning, 2022[1] and Hype Cycle for Artificial Intelligence, 2022.[2]
Gartner’s Hype Cycle depicts a common pattern that occurs when innovation emerges. An innovation often progresses through a period of overenthusiasm, to a period of disillusionment, to an eventual understanding of the innovation’s relevance and role in a market or domain.[3].
The report identifies the business impacts of data labeling and annotation and emphasizes the increased need for better training data in removing the bottleneck in developing AI solutions.
Crowdworks, under its global brand ‘Workstage’ has been actively mounting its global business. By utilizing the 360 thousand crowd workers’ behavioral data and its adaptive platform optimized for processing high-quality data, the Work stage is providing AI data labeling and annotation services to corporations from various industries.
With its growth potential widely recognized in the global market, Crowdworks has been seeking advances in Data labeling technology by introducing crowdsourcing to the industry for the first time, since its establishment in April 2017.
Also, its numerous awards from Korean government/public institutions and registration of a US patent for ‘Technology for AI target training image sampling’ validates the company’s outstanding data quality and technological competitiveness.
“We believe this recognition from Gartner authenticates Crowdworks’ data quality and its innovative business model in the global market,” says Minwoo Park, CEO of Crowdworks. “We will take this opportunity to expand our business and become active on a global scale.”
