The Company was recognized among 9 of the Sample Vendors for Data Labeling and Annotation in the 2023 report
Crowdworks (CEO Minwoo Park), a leading provider of AI learning data platform, today announced its recognition as a Sample Vendor in the 2023 Gartner Hype Cycle for Data Science and Machine Learning, 2023[1] and Hype Cycle for Artificial Intelligence, 2023,[2] marking its second consecutive year on the list. Crowdworks is listed as a sample vendor along with other notable global Data-Centric AI companies.
Gartner states that: “Gartner’s Hype Cycle depicts a common pattern that occurs when an 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 need for better training data has increased to remove the bottleneck in developing AI solutions — especially those particular to generative AI and industry use cases, [4] ” Gartner stated in this year’s report. For generative AI, data is even more critical, and Gartner continued: “Given the typical lack of internal skills and systems, DL&A services and tools are often the best option (by cost, quality and availability) to provide necessary data for best AI results.” [4]
Crowdworks has been at the forefront of driving technological innovation in the AI field by introducing a crowdsourcing approach to data labeling, involving a large community of people in collecting and annotating AI training data. More recently, Crowdworks has expanded its services to include customized AI all-in-one solutions, simplifying the adoption of generative AI for companies.
Looking to the future, Crowdworks is actively working to expand its global market presence through participation in high-profile exhibitions like CES and Viva Technology. Additionally, it anticipates listing on the KOSDAQ next month, demonstrating its commitment to future growth.
“We believe this recognition from Gartner for the two consecutive years authenticates Crowdworks’ commitment to data quality, our innovative business model, and competitiveness in the global market. We are determined to surge ahead as a global leader in providing high-quality AI data solutions,” says Minwoo Park, CEO of Crowdworks.
[1] Gartner, “Hype Cycle for Data Science and Machine Learning, 2023”, Peter Krensky, July 27, 2023.
[2] Gartner, “Hype Cycle for Artificial Intelligence, 2023”, Afraz Jaffri, July 19, 2023.
[3] Gartner, “Understanding Gartner’s Hype Cycles”, Philip Dawson, et al., July 24, 2023.
[4] Gartner, page 98, Data labeling and Annotation, “Hype Cycle for Artificial Intelligence, 2023”, Afraz Jaffri, July 19, 2023.
GARTNER and HYPE CYCLE are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
Gartner Disclaimer:
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Visit AITechPark for cutting-edge Tech Trends around AI, ML, Cybersecurity, along with AITech News, and timely updates from industry professionals!
