Tika Data to set up 3 data annotation centres in Nizamabad
Hyderabad: The Telangana IT, Electronics and Communications department has signed a Memorandum of Understanding (MoU) with Tika Data, one of the growing data annotation companies in the country. Under the MoU, Tika Data will set up three rural data annotation centres, tentatively in Jakranpalle, Armoor, and Dichapalle mandals of the Nizamabad district. It will train […]
Hyderabad: The Telangana IT, Electronics and Communications department has signed a Memorandum of Understanding (MoU) with Tika Data, one of the growing data annotation companies in the country. Under the MoU, Tika Data will set up three rural data annotation centres, tentatively in Jakranpalle, Armoor, and Dichapalle mandals of the Nizamabad district. It will train and employ about 100 local resources. The partnership emerged from a data annotation roundtable that was hosted by Telangana AI Mission (T-AIM), an initiative of Government of Telangana and powered by Nasscom.
The partnership aims at supporting the AI ecosystem and enabling rural IT economy. The setting up of such rural data annotation centres in the State will lead to more employment opportunities for the professionals from Tier 2 and Tier 3 cities. The partnership also marks the initiation of setting up a Data Annotation Cluster in the Telangana State. The larger objective about the data annotation cluster is to provide services globally and position the State as a go-to destination for data annotation services, much like it has the pharma and IT clusters.
The growth of data annotation industry is driven by the growth in artificial intelligence and machine learning-based solutions. This is because the quality of AI/ML model is dependent on quality of data and about 80 per cent time of an AI project goes into data annotation, which otherwise could have been devoted to building the algorithm.
Globally, India is emerging as the key centre for data annotation and the market size is expected to reach $7 billion by 2030 with a potential to engage up to 10 lakh employees.
“Data annotation forms a critical part of AI ecosystem but is also a relatively low skill job. We are building a data annotation cluster in rural districts. The partnership with Tika Data is one of many to establish Telangana as the global hub for high quality data annotation services,” said IT and Industries Principal Secretary Jayesh Ranjan.
Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.
Click to follow Telangana Today Facebook page and Twitter .
Related News
