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.

Examples include:

  • Digital assistants and chatbots

  • Recommenders on search engines

  • Fraud protection systems and more

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 the annual global revenue for artificial intelligence products and services will grow from $643.7 million in 2016 to $36.8 billion by 2025, a 57-fold increase over that time period. (Source: Tractica)

For more than 20 years, Appen has 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.

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Initial Director’s Interest Notice – Vanessa Liu

Non-Executive Director Appointment

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Change of Director’s Interest Notice – Mark Brayan

Disclosure notification under section 708A(5)(e)

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