Appen Limited is a publicly traded company listed on the Australian Securities Exchange (ASX) under the code APX
Appen 2020 Annual Report
Appen makes AI work in the real world by delivering high-quality training data at scale. Training data is used to build and continuously improve the world’s most innovative AI enhanced systems and services.
To learn more about what we do, our strategy and our financial and sustainability performance see our 2020 Annual Report.
The Market Opportunity
Artificial intelligence (AI) enables the development of systems that mimic human thoughts and actions. With applicability across nearly every industry, executives around the world are incorporating AI into their business models to increase revenues and drive efficiency in their organizations.
For these systems to work effectively, they need to be trained through a process called machine learning, which relies on quality data sets to produce optimal results.
The AI market is poised for massive growth in the coming years. One recent forecast shows that spending on AI systems will reach $97.9 billion in 2023.
Source: IDC Worldwide Artificial Intelligence Systems Spending Guide, September 2019
For 25 years, we have fueled the growth of the AI market through high-quality, human-annotated data. Our clients use this data to improve the machine learning algorithms that power their AI-based solutions. With better data, our clients can create solutions that respond in a superior way to human interaction.