1、Data Annotation:Billion Dollar Potential Driving the AI RevolutionFEBRUARY 2021 2021 NASSCOM.All rights reserved.02ForewordArtificial intelligence holds the key to an era of innovation and is increasingly becoming pervasive in our lives.Businesses across sectors are leveraging the transformative pot

2、ential 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.This challenge worsened amidst the COVID-19 pandemic as AI became a must-have instead of a good to have,in the inc

3、reasingly contactless society,propelling a need for AI-powered solutions for pandemic response and recovery.The COVID-19 war rooms further led to a reinforcement about the importance of,as well as gaps in,the data assets that are fundamental for successful AI solution development and deployment.Whil

4、e India marches towards its journey to realize the$500 bn.from Data and AI,the need for quality annotated and labelled data becomes an area of prime importance.Data annotation and labelling services play a critical role in bridging this gap by helping enterprises with quality training data for their

5、 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 creatio

6、n and accelerating Indias AI readiness.We hope that you enjoy reading the report and,as always,we look forward to your feedback/suggestions.Debjani GhoshPresident,NASSCOM03 2021 NASSCOM.All rights reserved.ContentsExecutive SummaryData Annotation Overview:A Global PerspectiveGrowing Need for Data An