Businesses across the spectrum need complete and accurate written records of crucial events such as meetings, conference calls, customer calls, interviews, and presentations. The U.S. transcription market size was valued at USD 25.98 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030, according to Grand View Research. This shows the increasing significance of audio transcription.
When such audio and video content is converted into proper records, you can use the text as a reference, to share ideas, and exhibit corporate transparency. Today, business transcription services are a reliable option to high quality, timely documentation of important interactions.
Why Transcribe Audio Content?
Let’s explore the significance of transcribing your audio recordings.
Clear Communication
Transcripts offer a clear, written record of the event’s proceedings. This helps in avoiding misinterpretations or misunderstandings that might occur when relying solely on verbal communication or brief summaries.
Easily Accessible Content
Transcripts provide machine-readable information for distribution on the internet. Generally, text-based information on the internet is easier to access and navigate compared to audio content. Moreover, transcripts can be easily accessed anytime from anywhere and translated by anyone.
Records for Reference
One of the main advantages of transcription is that you can record important information and preserve it for future reference. Transcripts are also easily searchable. You can quickly locate specific information within the transcript, allowing you to find key points within discussions or presentations.
Sharable Content
Audio and video content is not as easy to share as text documents. Transcripts serve as a valuable tool for documenting crucial business events, discussions, or meetings, especially in scenarios where employees are in remote locations. Timely and accurate documentation ensures that everyone stays informed regardless of their geographic location.
A professional transcriptionist can type between 80 to 100 words per minute.
Generate Captions
Transcripts serve as the foundation for creating captions. Audio and video transcripts of interviews and discussions with focus groups can be used to add video captions. By providing a textual representation of the audio content, captions improve accessibility. Ensuring that the text appears on-screen at the right time and aligns with the spoken words, benefits people who are deaf or hard of hearing, as well as those who prefer or require captions to better understand the content, such as in noisy environments or when watching videos without sound.
Boosts SEO
Text content is often indexed by search engines, increasing its discoverability. Converting a video or audio into text format and adding SEO-friendly keywords to the transcript can boost brand visibility. This can help with your digital marketing campaign.
Global Audience
Text can be quickly scanned, searched, and translated, making it more accessible for a broader audience.Transcribing your videos or audio into multiple languages can attract a diverse global audience, also ensuring accessibility for those with hearing impairments. Transcripts allow you to effectively convey your ideas and objectives to a broader audience across different geographies.
Legal Compliance
Complete, accurate and timely written documentation can protect you from facing legal consequences. Accurately documenting information ensures clarity and evidence in case of any legal disputes or challenges that may arise. For example, if a client claims that a service was not delivered as agreed upon, you can refer to the detailed records outlining the agreed-upon terms, services rendered, and any related correspondence. These written records can serve as evidence, avoid misunderstandings, and potentially prevent legal action.
General transcription providers offer mobile apps that users can download to their smartphones or tablets, providing convenient access to transcription services anytime, anywhere. They utilize advanced software and professional transcriptionists to ensure accuracy in the transcribed text. Partnering with an expert is the best way to capture and transcribe your audio content efficiently and accurately.
View our Infographic To Discover The Benefits Of Audio Transcription
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