Appen has been at the forefront of innovative AI for more than 25 years. As a leader in data for the AI lifecycle we deliver AI products and services to many of the world’s largest tech and Fortune 500 customers globally.
Through our global diverse crowd and technology, we help our customers
Drive growth in target customer segments
Leverage AI and machine learning (ML) in our labelling operations to improve the productivity of our crowd
Expand our Tangible Addressable Market (TAM) by adding new products and capabilities – e.g. Quadrant and synthetic data
Improve scalability and productivity of our go-⁠to-⁠market and project delivery
As a global business servicing large US tech companies, FY22 presented many external challenges which are reflected in Appen’s financial performance. Against this backdrop, the Board and management focused on the areas that were within our control and implemented our strategy to improve returns and build a more profitable business.
The strength of our technology, processes, and systems, combined with our expertise and crowd, enable Appen to provide essential components of the AI lifecycle – including data sourcing, data preparation and model evaluation.
Our skilled and diverse crowd of 1 million+ contractors is what makes Appen unique. Spanning more than 170 countries and speaking 235+ languages and dialects, we’ve assembled a crowd that’s unmatched. Attracting and retaining an engaged and productive crowd is key to our ability to serve our customers.
We recognise that our people are critical to our success. Their expertise and commitment to our customers and crowd is a key differentiator of our business. We strive to make Appen a great place to work and promote an inclusive and diverse culture where people feel supported to do their best every day.
At Appen, our focus is doing great work for our customers and delivering a superior customer experience. As a global market leader and trusted partner in the development of high-quality, human-centric data for the AI lifecycle, we enable our customers to launch some of the most innovative artificial intelligence systems in the world.
Our financial results reflect challenging external operating and macro conditions that resulted in weaker digital advertising revenue. This caused a reduction in spend by some of our customers primarily on some core Global programs associated with ad and non ad-related projects. Considering this high level of uncertainty, efforts were focused on implementing productivity improvements, initiating cost savings and prioritising projects with the greatest near-term returns. Appen’s balance sheet has no debt.
© 2023 Appen Limited