Designing the automated data labelling platform for AI cases

Data labelling refers to the process of assigning tags to specific sections of documents, making it easier to locate and analyse relevant information. The Central Bank of Ireland oversees a large volume of complex supervisory reports, including Solvency and Financial Condition Reports. Current data labelling methods involve significant manual validation, are prone to inconsistencies, low number of reports processed, and lack a centralised labelling platform. To address this, The Central Bank of Ireland initiated a project with the support of the European Commission to evaluate data labelling vendors to identify the solution that best meets its needs, ultimately supporting more effective oversight and decision-making.

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