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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Appen Limited    APX   AU000000APX3

APPEN LIMITED

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Appen : Partners with World Economic Forum to Create Responsible AI Standards

08/25/2020 | 08:01am EST

Associate Partner Appen to provide C-level decision makers with key strategies for building and scaling AI programs by sourcing training data responsibly

Appen, a global leader in high-quality training data for machine learning systems, has partnered with the World Economic Forum to design and release standards and best practices for responsible training data when building machine learning and artificial intelligence applications. As a World Economic Forum Associate Partner, Appen will collaborate with industry leaders to release the new standards within the “Shaping the Future of Technology Governance: Artificial Intelligence and Machine Learning” platform, which enables a global footprint and guidepost for responsible training data collection and creation across countries and industries.

The standards and best practices for responsible training data aim to improve quality, efficiency, transparency, and responsibility for AI projects while promoting inclusivity and collaboration. The adoption of these standards by the larger technology community will increase the value of – and trust in – the use of AI by businesses and the general public.

Modern AI applications largely depend on human-annotated data to train machine learning models that rely on deep learning and neural net technology. Responsible training data practices include paying fair wages and adhering to labor wellness guidelines and standards. Appen’s Crowd Code of Ethics, released in 2019, shows our continuous dedication to the well-being of its global network of contributors.

“Ethical, diverse training data is essential to building a responsible AI system,” said CEO of Appen, Mark Brayan. “A solid training data platform and management strategy is often the most critical component of launching a successful, responsible machine learning powered product into production. We are delighted to share our 20+ years of expertise in this area, along with our Crowd Code of Ethics, with the World Economic Forum to accelerate standards and responsible practices across the technology industry.”

A key focus of the partnership will bring together leaders in the AI industry to:

“Getting access to large volumes of responsibly-sourced training data has been a longstanding challenge in the machine learning industry,” said Kay Firth-Butterfield, Head of AI and Machine Learning at the World Economic Forum. “The industry needs to respond with guidelines and standards for what it means to acquire and use responsible training data, addressing topics ranging from user permission, privacy, and security to how individuals are compensated for their work as part of the AI supply chain. We look forward to working with Appen and our multi-stakeholder community to provide practical guidance for responsible machine learning development around the world.”

Join industry leaders on October 14th for Appen’s annual Train AI conference providing leaders with the confidence to launch AI beyond pilot and into production. A curated collection of topics will teach how to successfully scale AI programs with actionable insights and get to ROI faster. Kay Firth-Butterfield will be the keynote speaker presenting on the importance of responsible AI practices and the tools available to leaders to ensure that ethical standards are being met.

About Appen Limited

Appen collects and labels images, text, speech, audio, video, and other data used to build and continuously improve the world’s most innovative artificial intelligence systems. Our expertise includes having a global crowd of over 1 million skilled contractors who speak over 180 languages and dialects, in over 70,000 locations and 130 countries, and the industry’s most advanced AI-assisted data annotation platform. Our reliable training data gives leaders in technology, automotive, financial services, retail, healthcare, and governments the confidence to deploy world-class AI products. Founded in 1996, Appen has customers and offices globally.

About the World Economic Forum

The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. Learn more at: www.weforum.org.


© Business Wire 2020
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Sales 2020 678 M 503 M 503 M
Net income 2020 64,3 M 47,7 M 47,7 M
Net cash 2020 103 M 76,3 M 76,3 M
P/E ratio 2020 59,6x
Yield 2020 0,36%
Capitalization 3 774 M 2 786 M 2 801 M
EV / Sales 2020 5,41x
EV / Sales 2021 4,25x
Nbr of Employees 781
Free-Float 91,0%
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Average target price 38,67 AUD
Last Close Price 31,02 AUD
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Mark Ronald Brayan Chief Executive Officer, Executive Director & MD
Christopher Charles Vonwiller Non-Executive Chairman
Kevin Levine Chief Financial Officer
Wilson Pang Chief Technology Officer
William Robert Pulver Non-Executive Director
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