Understanding Appen, page-8

Nice work by Jay.. Appen is basically assisting the AI industry to scale by providing data for experts in their field. IBM required hundreds of millions of dollars worth of annotated data just for a Machine to see and compute algorithms they can only do that through annotated data (the experts make the software for AI not Appen). Appen makes majority of its revenue through relevance which is what Google, Microsoft Azure etc need. AI projects are only scratching the surface and for AI to work needs alot of data and Appen is one of those companies that will assist the industry to scale.

You can purchase off the shelf basic data sets for basic AI projects - price will be dependant on how deep the data is. Appen annotates video and image and provides language solutions

Appens margins are not as high as other WAAX companies due to employing humans to annotate data as Machines as in the IBM example are simply not good enough if you want quality data.

It's an industry thats growing 28% CAGR and upon scaling in the next few years it could really take off.

Making AI applications could be easy in the future with the right data.

https://appen.com/off-the-shelf-datasets/