Data annotation Services- Fivesdigital

1. Pros and Cons of In Pros and Cons of In- -House vs Outsourced Data Annotation Platform House vs Outsourced Data Annotation Platform •A staggering 1.145 trillion MB of data is created per day. •That’s a lot, right? But did you know, almost 95% of this data is unstructured? Can this data be used for training AI models? Absolutely not! Because for data to be used in training AI and ML algorithms, it needs to be structured, labeled, and classified. Solution? It’s DATA ANNOTATION! The data annotation tool is used to tag, label, or annotate this unstructured data for training AI/ML models. And because of the undeniable benefits of data annotation in redefining businesses, it has taken center stage in technological innovations. The next question that might run in your head is whether to build an in-house team or outsource your data annotation requirements? Let’s try and find an answer to this question. Creating an In-House Data Annotation Team - With Your Skilled Workforce! •Pros Building your in-house data annotation team can be an ideal option when the volume of data to be annotated is less, and the cost of getting it outsourced is burning a hole in your pocket. An in-house data annotation platform can allow you to choose the tool or build it in-house according to your business needs and requirements. Moreover, having physical proximity helps have direct supervision of the complete data annotation solutions. Lastly, one crucial reason that businesses choose in-house data labeling over outsourcing is the issue of security. Lately, outsourcing vendors have understood the sensitivity of the problem and therefore follow stringent confidentiality protocols. However, some businesses still feel reluctant to share their confidential images and information over the internet. https://www.fivesdigital.com/

2. •Cons The disadvantages of having an in-house team are pretty evident. The process of data annotation is usually cost and time intensive. And on top of that, the need to hire and train a professional team adds up to the cost of time, effort, and resources. If you choose to build an in-house team, you will be required to constantly manage the team, provide a secure working environment, compile instructions, research, and create the right tools and software. Why is that a disadvantage? Because all these tasks can ultimately shift your focus from the core functions of the business. This is where data annotation services from a trusted outsourcing vendor can be your ideal choice. Outsourcing Data Annotation Services - Always to a Trusted Vendor! •Pros Outsourcing your data annotation requirements seems to be the most plausible method. How? Outsourcing services help you save a lot of time and resources. Plus, it also relieves you of the stress related to labeling the data yourself. Data annotation service vendors bring years of experience and expertise, resulting in better quality output. Moreover, outsourcing is undeniably more affordable than in-house annotation. A third-party vendor eliminates the possibility of any internal bias, resulting in accurate and impactful AI training data. Along with providing better flexibility and scalability for your projects, these service providers also offer custom-made solutions in sync with the goals and objectives of your data management practices. The best part? They can accurately and rapidly annotate a massive amount of data in multiple formats. •Cons While there are various benefits of outsourcing your data annotation needs, there are some drawbacks as well. These cons include giving up some control over the data annotation process, facing language barriers, and choosing the right outsourcing vendor from multiple options. Although outsourcing vendors’ data annotation tools and services seem like a more ideal and reasonable choice, the decision largely depends on the size and nature of your business and projects. FiveS Digital - An Expert Data Annotation Service Provider FiveS Digital, a customer experience management, digital transformation, data annotation services & solution provider, helps you save a significant amount of time and eliminate errors. By curating a perfect blend of human and machine intelligence, FiveS Digital ensures maximum efficiency at every level of your business. https://www.fivesdigital.com/