As 2022 is ending, it’s time to review our top blog posts for the year. One of the leading providers of reliable business transcription services, we are up to date with the changing technologies and standards in the transcription sector.
In 2022, our blog posts covered diverse topics ranging from podcast trends 2023 to transcription market growth analysis, video meeting transcription software, active listening, legal transcripts, and more.
Mobile phones such as iPhones have an app called Voice memos that can be used to record personal notes. You can record crucial events like meetings, business discussions, interviews, lectures, and long phone conversations that can subsequently be converted from audio to text, so you can save more than just fleeting thoughts. To transcribe any voice recording, you can either download an app from the App store and transcribe, or rely on third party transcription services that can help you transcribe each recording word by word. This blog discusses quick steps to transcribe Voice memos into text.
Podcasts have become an integral part of digital marketing campaigns as they allow businesses to publicize new products, company information and general information about the industry. Some of the top podcast trends for 2023 discussed in this blog are – significant market expansion, increased efforts to stay competitive, using data to improve the user experience, ideal option for driving change, optimizing for voice search, and increasing ads.
Businesses require accurate transcripts of consumer forums, group recordings, phone recordings, interviews, marketing research, focus groups, etc., for marketing purposes. The report from Future Market Insights (FMI) predicts the global marketing transcription market to witness a growth in revenue from US$ 1.68 Bn in 2021 to US$ 3.71 Bn by 2031. The market is set to rise at a CAGR of 8% between 2021 and 2031.
Video meeting transcription software is now available to easily record and transcribe everything that’s said during a video meeting or conference. The top 10 video meeting transcription software discussed in our blog are – InqScribe, Otter, Express Scribe, Go Transcribe, Reason8, Happy Scribe, Temi, 360converter, Sonix, and GoToMeeting.
Active listening, an important skill for audio transcription service providers, refers to focusing on the speaker and understanding what’s being said or the message the person is trying to convey. Active listening is an important soft skill that promotes good communication. It is different from passive listening which is one-way communication – listening without reacting or responding when someone is speaking. This blog also discusses some vital tips to improve active listening skills.
Lawyers consider legal transcription services to prepare well-formatted documents from video and/or audio recordings of legal conferences and meetings, hearings, depositions, interrogations, witness interviews and so on. Using transcripts for court cases provide many benefits such as – it provides a clear way to understand the content, allows highlighting of key information, makes material easy to organize and searchable, easy to share, and end-to-end support.
Speech-to-text API (Application Programming Interface) technology uses speech-based assistants to transform audio input into written text. According to a report from Markets and Markets, the global speech-to-text API market size is predicted to grow from USD 2.2 billion in 2021 to USD 5.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.2% during the forecast period. Read more about this market report in our blog.
Businesses in almost all sectors including healthcare, legal, education, media, insurance, real estate and others require business transcription services to ease the access to records and thus streamline their workflow. Businesses that mostly benefit from transcription services belong to these industries – Legal/Law, Medical/Healthcare, Academic/Education, Market Research and Consulting Firms, Media, SEO, Insurance, Law enforcement agencies and police departments, Governmental organizations and nonprofit organizations, and Real estate professionals.
AI-powered video and audio transcription services provide real-time transcription and captioning solutions for various types of businesses. AI-enabled transcription – provides real-time transcription, overcomes shortage of human workers, boosts inclusiveness, and more. At the same time, manual transcription is the conversion of speech into accurate and legible text format by professional human transcriptionists. The result is high-quality transcripts that comply with industry guidelines.
A voice recorder can capture important interactions, making it an important tool for business professionals, academicians, students, lawyers, and others. Top digital voice recording devices come with extended storage which enables them to collect voice recordings over months. Different types of voice recorders are – portable digital recorders, voice recorder software, voice recorder apps, and mini voice recorders. This blog also discusses some tips to choose the right voice recorders.
Stay tuned. Our blog session will be updated with interesting, informative and insightful blogs posts in 2023 as well!
