![]() Media professionals use ASR to get quick written versions of presentations, speeches, and interviews. Which Organizations Benefit from AI transcription?ĪI transcription can benefit any business that can use fast, cheap transcription where 99% accuracy is not essential. Many businesses, organizations, and individuals can save time and money by using an AI transcription service. Rev has also made its API (application programming interface) available to developers who wish to harness the power of Rev’s high-quality transcription and caption services in their apps. ![]() Rev’s integration with services like these empowers you to upload your audio file to a third-party service and receive a text file back automatically. Integration may be as simple as Dropbox and Google Drive functionality. Many services that depend on speech recognition operate in this way. This way, you can create ‘always on’ functionality to enhance usability and efficiency for your employees or customers. IntegrationĪnother advantage of AI transcription is that you can integrate it into your website or software. In most cases, it makes economic sense to use a service. But the expense incurred includes development team costs, data costs, and infrastructure costs. Building a system might be preferable in a few cases when a company has extremely high ASR usage. Look at it another way: it is usually cheaper for a business to use an AI service than to build its own speech recognition system. But the cost advantage isn’t just due to the automation – it’s due to the service element. We’ve looked at the cost benefits of an automated speech-to-text service. An ASR service with proven accuracy will cost more upfront but work out cheaper than manually revising the results of basic text-to-speech software. Consider the time you will need to spend making corrections. Otherwise, automation may be a false economy. To enjoy the cost benefits of automated transcription, go with a service that offers the accuracy you need. ![]() Plus, each customer gets their first 45 minutes free to ensure this is the right service for their needs. $1.50 per minute for human transcription. Still, Rev’s AI transcription is much cheaper at $0.25/minute of audio vs. We have trained our network of 50,000 transcriptionists to work quickly and accurately. Rev provides human transcription at a very reasonable rate. Human transcription costs more than AI transcription for the end-user due to the cost of labor. Meanwhile, machine learning boffins continue to advance the technology behind the scenes. But the benefit for the user is a near-instant response when they need it. It took many years of development, using hundreds of hours of recordings, to make today’s ASR this powerful. That’s not to say that AI transcription isn’t time-consuming. We provide an estimate of exactly how long it will take and notify you the moment we finish. When it comes to a longer document such as a political speech, doctor’s notes, a live lecture, or podcast, Rev has a turnaround time of five minutes. Voice search, virtual assistants, and phone bots rely on near-instant recognition. Consider how immediate other automated speech-to-text services need to be. The speed of AI transcription may be its key selling point. Let’s look at the benefits of AI speech-to-text a bit closer. ![]() Professional AI transcription is the preferable option for a whole range of use cases. Advantages of an AI Transcription Service If near-perfect accuracy is essential, human transcription is the clear choice. AI transcription accuracy is still compromised by difficult accents and ambiguous words like two/to/too. You may prefer human or ‘traditional’ transcription if your audio features multiple speakers or background noises. Rev guarantees 99% accuracy for its human transcriptionist service. The turnaround time is under 12 hours. Human transcribing is faster, cheaper, and more accurate in our networked modern world. Rev’s industry-best accuracy reaches an average of 86%. Accuracy depends on the clarity of the speaker and the recording. Rev’s AI transcription service can transcribe your entire recording within five minutes. AI transcription is much quicker (and less easily disheartened!) than in 1980. Voice typing, automated customer service calls, and virtual assistants like Siri and Alexa all use a form of ASR. Today, automatic speech recognition (ASR) technology powers many facets of life. Developers use machine learning to build software that can tell when somebody is speaking and quickly convert what they say into text. AI Transcription is the use of artificial intelligence to convert speech into a text document, or transcript. Speech-to-text transcription is an ancient art. But today, its latest iteration feels like science-fiction. ![]()
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