TechDogs-"Crowdworks Recognized Again In The Gartner Hype Cycle For Artificial Intelligence, 2023 And Hype Cycle For Data Science And Machine Learning, 2023"

Emerging Technology

Crowdworks Recognized Again In The Gartner Hype Cycle For Artificial Intelligence, 2023 And Hype Cycle For Data Science And Machine Learning, 2023

By PR Newswire

PR Newswire
Overall Rating

The Company was recognized among 9 of the Sample Vendors for Data Labeling and Annotation in the 2023 report

SEOUL, South Korea, Aug. 9, 2023 /PRNewswire/ -- 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.

About Crowdworks

Crowdworks has been a pioneering AI training data solution provider in Korea since 2017. Our cutting-edge AI training data platform comes equipped with Auto-ML features, supported by a dedicated 0.5 million qualified labelers. By harnessing the power of human-generated reliable data, Crowdworks drives the swift adoption of Enterprise Generative AI across diverse industries, such as automotive, healthcare, and finance. Follow us on LinkedIn.

View original content to download multimedia:

SOURCE Crowdworks Inc

First published on Thu, Aug 10, 2023

Enjoyed what you read? Great news – there’s a lot more to explore!

Dive into our content repository of the latest tech news, a diverse range of articles spanning introductory guides, product reviews, trends and more, along with engaging interviews, up-to-date AI blogs and hilarious tech memes!

Also explore our collection of branded insights via informative white papers, enlightening case studies, in-depth reports, educational videos and exciting events and webinars from leading global brands.

Head to the TechDogs homepage to Know Your World of technology today!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs’ members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs’ Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. All information / content found on TechDogs’ site may not necessarily be reviewed by individuals with the expertise to validate its completeness, accuracy and reliability.


Artificial Intelligence (AI)Crowdworks Inc AI Training Data Solution Hype Cycle Data Science Machine Learning


Join The Discussion

  • Dark
  • Light