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SEATTLE, April 6, 2021 /PRNewswire/ -- To address the rapid increase in the demand for high-quality, bias-aware AI training data, DefinedCrowd announced today the expansion of its online data marketplace, DefinedData, to third-party suppliers to sell or share AI datasets, as well as a collaboration with NVIDIA to provide dataset samples through the NVIDIA NGC catalog. In addition, the platform now provides AI engineers with unprecedented levels of training data transparency, and a range of subscription options, with special discounts for academia.
AI is Top of the Corporate Agenda
The global pandemic has pushed AI to the top of the corporate agenda. A study by IDC shows that, in 2020, the AI market was predicted to be worth $300 billion by 2024. As of February 2021, the market is expected to break the $500 billion mark in 2024. A McKinsey survey found that responses to the crisis sped the adoption of digital technologies by several years, with 61% of high-performance companies increasing their investment in AI. This acceleration in AI development has created a huge increase in the demand for high-quality datasets.