{"id":509549,"date":"2021-07-06T06:48:09","date_gmt":"2021-07-06T10:48:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/telus-international-acquires-playment-firmly-staking-its-leadership-in-the-global-data-annotation-market\/"},"modified":"2021-07-06T06:48:09","modified_gmt":"2021-07-06T10:48:09","slug":"telus-international-acquires-playment-firmly-staking-its-leadership-in-the-global-data-annotation-market","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/telus-international-acquires-playment-firmly-staking-its-leadership-in-the-global-data-annotation-market\/","title":{"rendered":"TELUS International Acquires Playment, Firmly Staking Its Leadership in the Global Data Annotation Market"},"content":{"rendered":"

<\/p>\n

TELUS International Acquires Playment, Firmly Staking Its Leadership in the Global Data Annotation Market<\/b><\/p>\n

Acquisition strengthens TELUS International\u2019s ability to meet growing demand for diverse datasets that power artificial intelligence<\/i><\/p>\n

Playment\u2019s capabilities position TELUS International to support technology and large enterprise clients developing AI-powered solutions – from optimizing customer experiences for existing clients to new opportunities developing computer vision-powered applications across verticals<\/i><\/p>\n

VANCOUVER, British Columbia–(BUSINESS WIRE<\/a>)–TELUS International<\/a> (NYSE and TSX: TIXT), a leading digital customer experience (DCX) innovator that designs, builds and delivers next-generation solutions for global and disruptive brands, today announced the acquisition of Bangalore-based Playment, a leader in data annotation and computer vision tools and services specialized in 2D and 3D image, video and LiDAR (light detection and ranging) – a remote sensing method that uses laser pulses to measure variable distances. The acquisition follows TELUS International\u2019s recent purchase of Lionbridge AI<\/a> and builds upon the company\u2019s existing deep domain expertise and experience in data annotation, uniquely positioning TELUS International to support technology and large enterprise clients developing AI-powered solutions across a variety of vertical markets.\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210706005219\/en\/<\/a><\/p>\n

\n\u201cWe are very excited to welcome Playment and its highly engaged, world-class product and engineering team to our TELUS International family today. The acquisition will meaningfully accelerate our company\u2019s computer vision capabilities and further bolster our position at the forefront of our global peers with respect to technology innovation, strategy excellence and talent,\u201d said Jeff Puritt, president and CEO of TELUS International. \u201cAs one of the key enabling technologies for today\u2019s advanced AI applications, computer vision is among the most revolutionary technologies of our generation with applications across every sector of the economy. The technology has become increasingly valuable to tech firms and the wider market as brands seek to uncover solutions for scenarios that typically require complex human judgement from visual and spatial patterns to solve nuanced business challenges, and build innovative, market-leading smart products and services.\u201d\n<\/p>\n

\nThe computer vision market is forecast to grow from nearly $16 billion in 2021 to more than $50 billion by 2026, according to an analysis by MarketsandMarkets. The technology is disrupting entire industries and driving transformational societal changes from supporting diagnoses in healthcare, to reducing fraud in banking, to improving e-commerce experiences through enhanced visual search features. In agriculture, for example, advanced farming processes powered by computer vision and AI can provide early and accurate detection and diagnosis of plant diseases based on a green-color ratio and other visual cues to reduce losses in crop yields. In harvesting, computer vision and AI systems can automatically grade and sort food items based on trained parameters, for example, in one fruit detection method, color cameras identify apples on trees that are ready to be picked, and additional stereo cameras detect their relative position for automatic harvesting by a robotic vacuum.\n<\/p>\n

\n\u201cStanding still is not an option for any company in any industry, but developing and powering the innovations of tomorrow requires a large and continuous supply chain of high-quality image and video training data, which also happens to be the most significant bottleneck in AI development,\u201d shared Puritt. \u201cWith the addition of Playment\u2019s expertise, ingenuity and proprietary data annotation platform, TELUS International is more strongly positioned than ever to meet our clients\u2019 current and future needs to support their ongoing growth and evolution. As we continue to expand and evolve as a team and as a company, our focus will remain on empowering our clients to meet the accelerated pace of change in today\u2019s digital world and creating long-term value for our clients, shareholders, team members and the communities where we operate.\u201d\n<\/p>\n

\nPlayment was founded in 2015 and received funding from Elevation Capital (formerly SAIF Partners) and Y Combinator in the early phases of its development. Playment provides fully managed data annotation services that include AI strategy consulting and a SaaS-based platform that transforms videos and images into high-quality annotated data to support a broad range of use cases, ranging from computer vision and data categorization to search relevance. With a focus on data security, user experience and efficiency, and by engaging India\u2019s largest on-demand skilled and secure workforce, Playment has established a hyper-productive environment that delivers datasets faster than its competitors.\n<\/p>\n

\n\u201cWe are thrilled to embark upon the exciting journey ahead with the TELUS International team to harness the full potential of computer vision technology and to advance our joint mission of expediting the AI age through our many partnerships with brands around the world,\u201d said Siddharth Mall, co-founder and CEO of Playment. \u201cWe look forward to growing our engagements with existing clients and having the opportunity to work with others that are currently supported by TELUS International to demonstrate the art of the possible through our complementary add-on image, video and LiDAR data annotation capabilities and computer vision expertise. By amplifying our R&D efforts to further extend our product leadership in the industry, and leveraging TELUS International\u2019s global presence to accelerate our go-to-market strategy, together we will help drive disruption across all industry verticals, including in automotive, retail, Internet of Things (IoT), financial services, healthcare, and agriculture.\u201d\n<\/p>\n

\nTELUS International operates in more than 25 countries around the world with a diverse, multilingual team of more than 50,000 team members, and a global AI Community of more than one million trained data annotators and linguists spread across six continents. To learn more about TELUS International AI Data Solutions, visit www.telusinternational.com<\/a>.\n<\/p>\n

About TELUS International<\/b><\/p>\n

\nTELUS International (NYSE and TSX: TIXT) designs, builds and delivers next-generation digital solutions to enhance the customer experience (CX) for global and disruptive brands. The company\u2019s services support the full lifecycle of its clients\u2019 digital transformation journeys and enable them to more quickly embrace next-generation digital technologies to deliver better business outcomes. TELUS International\u2019s integrated solutions and capabilities span digital strategy, innovation, consulting and design, digital transformation and IT lifecycle solutions, data annotation and intelligent automation, and omnichannel CX solutions that include content moderation, trust and safety solutions and other managed solutions. Fueling all stages of company growth, TELUS International partners with brands across high growth industry verticals, including tech and games, communications and media, eCommerce and fintech, healthcare, and travel and hospitality. Learn more at: www.telusinternational.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210706005219\/en\/<\/a><\/span><\/p>\n

Media Relations:
\n<\/b>
Ali Wilson
\n
(604) 328-7093
\n
ali.wilson@telusinternational.com<\/a><\/p>\n

Investor Relations:
\n<\/b>
Jason Mayr
\n
(604) 695-3455
\n
ir@telusinternational.com<\/a><\/p>\n

KEYWORDS:<\/b> North America United States Asia Pacific India Canada<\/p>\n

INDUSTRY KEYWORDS:<\/b> Software Internet Marketing Advertising Data Management Communications Technology Other Technology<\/p>\n

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TELUS International Acquires Playment, Firmly Staking Its Leadership in the Global Data Annotation Market Acquisition strengthens TELUS International\u2019s ability to meet growing demand for diverse datasets that power artificial intelligence Playment\u2019s capabilities position TELUS International to support technology and large enterprise clients developing AI-powered solutions – from optimizing customer experiences for existing clients to new opportunities developing computer vision-powered applications across verticals VANCOUVER, British Columbia–(BUSINESS WIRE)–TELUS International (NYSE and TSX: TIXT), a leading digital customer experience (DCX) innovator that designs, builds and delivers next-generation solutions for global and disruptive brands, today announced the acquisition of Bangalore-based Playment, a leader in data annotation and computer vision tools and services specialized in 2D and 3D image, video and LiDAR (light detection and … <\/p>\n

Continue reading “TELUS International Acquires Playment, Firmly Staking Its Leadership in the Global Data Annotation Market”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-509549","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTELUS International Acquires Playment, Firmly Staking Its Leadership in the Global Data Annotation Market - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/telus-international-acquires-playment-firmly-staking-its-leadership-in-the-global-data-annotation-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TELUS International Acquires Playment, Firmly Staking Its Leadership in the Global Data Annotation Market - 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