Hand labeling is the past. The future is #NoLabel AI - KDnuggets

We are witnessing a data labeling market explosion: labeling platforms have hit prime time. S&P Global released an October 11 report entitled *Avoiding Garbage in Machine Learning* in which it termed unlabeled data "garbage data" to highlight the importance of labeling in AI. The Economist recently noted that while spending on AI is growing from $38bn this year to $98bn in 2023, only 1 in 5 companies interested in AI has deployed machine learning models because of a shortage of labeled data. This is why "the market for data-labeling services may triple to $5bn by 2023." It is difficult not to notice the abundance of labeling startups being funded of late that are chasing after this market.