India has emerged as a leading global player in data annotation services. With the rapidly growing digital economy, the demand for high-quality data to train machine learning models and artificial intelligence (AI) systems has increased substantially. As a result, the market for data annotation services has seen significant growth, with India capturing a substantial share of this global market.
According to market research, the global data annotation market size was approximately USD 1.9 Bn in 2022. Growing at a CAGR of well over 20 per cent, the global market size is likely to reach USD 11.7 Bn in ten years. With its large pool of skilled professionals, competitive pricing, and favorable government policies, India is well-positioned to capitalize on this growth. As a result, estimates suggest that India's global data annotation market share could reach 30-35% by 2028.
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The data annotation industry in India is proliferating, with companies like Cogito Tech providing a bright and prosperous future, experience, and expertise to the youth in India, shaping their future in the AI industry and making them globally competitive.
Cogito's solutions encompass business verticals ranging from Retail, Manufacturing, Building, and Construction to Medical, Food Processing, E-Commerce, automotive, Insurance, and robotics. In addition, Cogito provides solutions comprising Computer Vision, Natural Language Processing, Content Moderation, data & document processing and Generative AI, and these solutions work across industries.
Cogito's enviable clients list comprises many of the top names in the Fortune 100 index and 35 per cent of the top 100 IT companies globally. Cogito has worked extensively for these companies and provided them with a robust backbone to form their AI solutions. By partnering with Cogito, these companies can leverage their expertise and experience to build better AI models that are more accurate, reliable, and scalable.
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With a focus on delivering accurate and reliable data, Cogito has helped shape the future of over 5000 employees by allowing them to enter the phenomenal world of artificial intelligence. Cogito has become a beacon of hope for young graduates and professionals looking to gain exposure in the rapidly growing AI industry. The company offers comprehensive training programs to its employees, enabling them to develop skills in high demand in the global AI industry. Cogito's hiring and training programs are designed to help its employees learn the best practices for data annotation and collection, quality assurance, and project management.
Cogito Tech has a full-time expert workforce that undergoes regular specialized training. Headquartered in the US, Cogito has vast annotation experience across different domains with a massive data centre located in Noida, India. The company's Solution Architects draw upon their expertise to define the requirements, training, workflow, feedback loops, and data validation. Cogito Tech creates customized workflows integrating tools and processes, real-time feedback and quality control mechanisms, edge case insights, and enterprise-grade data security protocols. They also offer expert consultation, targeted resources, custom skilling, focused and deep microlearning curriculum, and domain expertise to their workforce to ensure that they are equipped with the specific skills and knowledge to deliver high-quality services.
The company's commitment to its employees has helped it attract and retain some of the brightest minds in the AI industry. Cogito's success has not only been beneficial for its employees but has also placed India right on top of the global data annotation map. Cogito has also become a game-changer in the Indian tech sector. The company's success has shown that India has the talent and expertise to compete with the biggest names in the technology industry. As India continues to invest in its tech sector, companies like Cogito will play a crucial role in driving innovation and growth.
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By leveraging technology to enable rapid scalability, optimum resource utilization, and access analytics and insights to power data-driven decisions, Cogito Tech has created job opportunities in the AI industry for the youth in India. Cogito Tech's workforce is based mainly in India. They have tapped into the country's large pool of young and talented individuals to create a skilled workforce that can deliver high-quality data annotation services.
With the increasing adoption of AI and machine learning across various industries, the demand for high-quality annotated data is expected to grow exponentially. Key trends driving this growth include the proliferation of autonomous vehicles, advancements in natural language processing, and the expansion of AI-powered healthcare solutions. In addition, remote work and online learning have become the norm, creating a massive demand for data annotation in virtual assistants, e-learning platforms, and telehealth applications.
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As the demand for AI and machine learning applications continues to soar, India's data annotation industry is poised to become a leading global player in this burgeoning market.
By Prasun Peter
