AnnoMarket aims to revolutionise the text annotation market, by delivering annomarket.com – an affordable, open marketplace for pay-as-you-go, cloud-based extraction resources and services, in multiple languages. The project is driven by a commercially-dominated consortium, from 3 EU countries and with 41% of the budget assigned to SMEs.
The key differentiating feature of AnnoMarket is its open marketplace concept. In addition, the Software-as-a-Service (SaaS) model reduces the complexity of deployment, maintenance, customisation and sharing of text processing resources and services, making them affordable to SMEs – both end users and resource providers. The main beneficiaries will be the SME providers of text analysis resources and services, who will be able to deploy their custom components/applications and receive revenue via the AnnoMarket marketplace. There will be a mixture of paid-for proprietary resources and services and free open-source ones, in different languages. AnnoMarket will also promote customisation and re-targeting to new vertical domains and languages. The open-source nature of the underlying infrastructure will encourage the participation of an already existing strong developer community and enable easy deployment on private and public cloud infrastructures. Pricing will be transparent (based on data volumes and API calls) and the business model self-sustainable.