The Importance of Text Annotation in the Banking Industry.

The use of computer vision models in the banking industry has witnessed a significant rise in the past few years. For the effective functioning of these models, text annotation experts need to be deployed to create labeled datasets. Text annotation helps to train the AI systems, which in turn helps the bank to perform various activities like sentiment analysis, quick loan processing, and more. This blog serves as a guide to understanding how text annotation is being used to help machine learning models to perform accurately and ease out the performance of complex tasks in the banking domain.

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Text Annotation: How Is It Beneficial for the Banking Industry?
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Text Annotation: How Is It Beneficial for the Banking Industry?

The banking industry is constantly under pressure to implement new technologies to stay competitive and highly responsive in terms of customer service. Banks can do this by using artificial intelligence (AI) and machine learning (ML) models. However,