Data as the New Oil: Drives innovation, decision-making, and industry growth globally.
Raw Data: Comparable to a jigsaw puzzle with missing pieces; requires organization to unlock its value.
Data Labeling: Known as data annotation, is the process that organizes and structures raw data to make it actionable.
What is Data Labeling?
Definition: Adding meaningful tags or annotations to raw data to enable machine understanding.
Importance: Powers technologies like machine learning, computer vision, NLP, etc.
Importance of Data Labeling
Machine Learning Models: Essential for success; without it, machines struggle to understand context, leading to inaccurate predictions or classifications.