Appen Limited is a world famous company. Before we discuss “Appen stock price”, let’s learn more about the company.
One of the popular questions is “What is the Appen company?”
It is a publicly traded data company that is listed on the Australian Stock Exchange (ASX). Interestingly, it appears under the APX code.
The company provides or enhances data used to develop machine learning and artificial intelligence products. Importantly, the data types include image and video data, voice and natural language data, etc.
Appen Limited’s world headquarters are located in Chatswood, New South Wales, Australia. The US headquarters is located in Kirkland, Washington.
The company also operates in different parts of the country. For example, they have an office in San Francisco, California. It also operates offices in other countries. For example, you have an office in Beijing, China.
Overall, Appen currently employs over 1,100 employees.
The interesting thing about the tasks are carried out in more than 235 languages and 170 countries.
What is Appen about?
The company’s clients use machine learning for various use cases, including computer vision, increasing e-commerce conversions, and more.
The company was founded in the 1990s by Julie Vonwiller. As a reminder, her husband, Chris Vonwiller, left his previous job in 2000 to focus on the company founded by his wife.
Appen continued to expand its operations. In 2011, it merged with the Butler Hill Group. We need to mention that Butler Hill Group was established by Lisa Braden-Harder. What’s interesting, Braden-Harder was a member of the team that worked on a grammar checking technology at the IBM TJ Watson Research Center.
After the merger, the combined business became Appen Butler Hill. The company expanded its business empire. In particular, Appen Butler Hill expanded its business scope to include text, search and language resources.
Appen made an important decision in 2012. It acquired Wikman Remer, which developed tools and platforms for employee engagement, etc.
Do you know what the company did next?
Appen Butler Hill was rebranded as Appen in 2013. Appen is an amazing company. In 2015, it went public on the Australian Stock Exchange.
Within several months, Mark Brayan became the company’s new CEO; the previous CEO was Lisa Braden-Harder. The current CEO of the company is Armughan Ahmad. He is also the president of Appen.
In October 2016, Appen acquired a company called Mendip Media Group, a transcription services company. As you can see, Appen had ambitious plans even in 2016.
Appen acquired another company in November 2017. It paid $80 million for Leapforce, a data annotation company.
His next step was to acquire Figure Eight. Appen acquired the aforementioned company in 2019. Figure Eight was not the last company Appen bought.
The company acquired Quadrant in 2021. It is worth noting that Quadrant is a world leader when it comes to POI data etc.
Are we ready to discuss Appen’s stock price? Not yet.
Artificial intelligence and the automotive industry
In January, the company published its report called the State of AI Automotive Report. Appen’s report is really interesting, to say the least.
Appen’s research further highlights the importance of artificial intelligence. AI will revolutionize the automotive industry, according to the report.
Survey participants listed some of the most important benefits AI will have on the automotive experience.
For example, AI will help reduce the number of accidents on the road. In addition, it will help make cars more ecological. In addition, AI will help solve other problems.
The CEO of the company made an interesting comment. According to Armughan Ahmad, “Our latest State of AI report indicates that AI has enormous potential to make the automotive experience safer, more innovative and more enjoyable than ever before.”
Respondents who participated in the Appen survey are in favor of autonomous vehicles. Almost 80% of those surveyed feel safe with autonomous vehicles on the road.
Based on data from the report, 89% of AI professionals indicated that they agree or strongly agree that autonomous vehicles are the future of the automotive industry.
The majority of those surveyed also believe that autonomous vehicles will alleviate traffic congestion in the future.
The report also found the importance of human oversight in ensuring the accurate and safe deployment of AI throughout the transportation space.
More than 500 respondents from around the world participated in the survey. Last but not least, Appen’s research was conducted in collaboration with The Harris Poll.
Quadrant
As stated above, Appen acquired Quadrant in 2021. What motivated Appen to purchase Quadrant?
First of all, Quadrant is a world leader when it comes to mobile location data etc.
It is worth noting that Quadrant’s data is verified. Companies, as well as investors, have the ability to use their data to solve various challenges.
Let’s take a closer look at Quadrant.
The company provides location data as well as location-based business solutions that are fit for purpose and easy to organize. The interesting thing is that Quadrant offers data for almost every country in the world. Quadrant customers have the ability to use the data to make
well-informed business decisions.
Now, let’s move on to Quadrant’s POI data as a service. The company provides geospatial applications with a contextual layer of elaborate and applicable information about landmarks, etc.
Quadrant offers on-demand data collection as well as verification services. The company’s POI data is powered by Geolancer, a POI collection and verification platform created by Quadrant.
Appen stock price
The time has come to discuss the price of Appen shares.
Appen has the potential to achieve even better results in the future. So it makes sense to keep an eye on Appen.
On February 8, Appen Ltd was trading at AUD2.73, up 0.10 or 3.8% from the previous trading session. Interestingly, in the last four weeks, it increased by 2.63%. We should mention that during the last 12 months, the price of Appen Ltd decreased by 68.48%.
We forecast Appen Ltd to be priced at AUD2.65 by the end of this quarter.
In conclusion, Appen is a world famous company founded in Australia. As expected, investors and analysts closely follow any news related to the company.
As stated above, Appen purchased several companies. He works with tech giants like Microsoft and Amazon. All the factors mentioned above make Appen quite attractive for investors.
!function (f, b, e, v, n, t, s) {
if (f.fbq) return;
n = f.fbq = function () {
n.callMethod ?
n.callMethod.apply(n, arguments) : n.queue.push(arguments)
};
if (!f._fbq) f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = ();
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)(0);
s.parentNode.insertBefore(t, s)
}(window, document, ‘script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘504526293689977’);
fbq(‘track’, ‘PageView’);
