AI has always promised or threatened to relieve humans of certain jobs. For some the promise of shorter working weeks and more leisure time is massively appealing but for the others it is far more doom-and-gloom. Whatever happens, though, it will likely continue its current trajectory of being implemented in many industries to fulfil complex tasks, like drug discovery and testing, and simple ones, like make workflows more efficient. It is no surprise then that it is being used to transcribe speech. It is an ancient practice used to record orators and it is a modern practice used to take minutes from important business meetings. It has survived through the ages because people want to know what was said. The need for this data will continue, whether it will be for public or private record. It is a question of traditionalist methods and the new ones. Here’s why you should opt to use AI-powered speech to text transcription services.
Cost
Human transcription services are hired to transcribe a variety of contexts: the aforementioned business meetings, and, also, courtroom speech and seminars. The stenographers have to be fast to be able to keep up with proceedings and, also, accurate. They are, in general, accurate – though, they are known cases where they have written down colloquialisms wrong. However, they are expensive. It is understandable that they are because businesses have to cover wages, even travel costs or accommodation, depending on the job. This is where AI-powered speech to text transcription offers an alternative. There is no wage or expenses to cover and one AI system can handle more jobs than a team of stenographers can. Audio transcription using AI, by companies like Verbit, is much cheaper than their human counterparts.
Access
AI-powered transcription services are equally flexible and can be used in a variety of circumstances. There are professional services which can provide access to their apps for transcriptions in business and legal environments. Their gradual implementation into the courtroom is being sped up due to a lack of stenographers. Additionally, clients can upload pre-recorded video or audio files to be processed and transcribed.
Recent developments in this technology has resulted in live captioning. There is an increased demand for it now. As these services are a cheap price, they are being embraced by the b2b industry. Their online events and meetings – which are being favoured as it allows them to save on time and money because there is no need to travel or book a venue and accommodation – are in need of live captions as it allows for greater inclusion of differently abled people and non-native speakers. The eventual implementation of these services by streamers who play video games for eager audiences seems likely, especially as Sony and Microsoft are leaning into making consoles accessible, as are game developers.
Additionally, consumers can use apps from app stores to make notes and record thoughts, often at no cost. Differently abled people can use these services too, which enables them to utilise high stand communicative tools to interact with friends and family, and in professional settings.
