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Compliance Intelligence in AI Transcription

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In this smart world of today, technology has been fully integrated into our businesses and another innovation that is joining the ranks is Artificial Intelligence (AI). AI, as it is more commonly referred, has been developed to reduce the need for manpower and increase work efficiency for many processes – including data transcription. 

The Process of Transcription

First and foremost, data transcription is a valuable component in research. It is primarily defined as the act of producing a textual or written account of audio and visual recordings. 

The primitive way will be having someone to listen to the audio and pen it down onto paper. This process of listening to a 60mins audio could mean days to transcribe. With AI, it is just simply uploading the recordings into the system and while you are back from the kitchen with your coffee, the transcription should be sitting in your inbox for your viewing. It is just a matter of minutes. 

Transcription may require rephrasing of some sentences to make the statements more cohesive. However, transcribing is straightforwardly technical, and it entails a verbatim or word-for-word approach.

Transcription services are often utilized in medical, research, academic and legal institutions to assist the transformation of audio to documents and the industries are not exhausted yet.

Role of Artificial Intelligence in Transcription

Transcribing data that is predominantly done manually, typing or writing what they hear. This requires a  shift when the influx of information and the demand of outputs are steadily increasing over time. 

While job markets supply enough manpower, some companies are starting to invest in more automated systems. AI fits into the process of transcription since it fuels the process with more speed to accommodate its growing demand from many enterprises and institutions. 

Transcription requires speed and accuracy for the outputs to be of use. It is also a process that involves the transfer of data with little to no room for error, thus classifying it as work defined by a structure or a set of rules. This is where compliance intelligence, or CI, comes in. It is done through automated transcription, which relies on ASR or automatic-speech-recognition software. This allows for transcription to be done live or pre-recorded, thus making the content more inclusive and accessible. The parameters of rules will be pre-set into the software which will comply with the enterprise or institution requirements.

What is Compliance Intelligence? 

This branch of artificial intelligence focuses on “compliance”, which is defined by the capability to follow particular steps in established structures involving rules, regulations and restrictions. With that, Compliance Intelligence (CI) is associated with the analysis of information, its application to a system, and its reaction to changes, parameters and violations. 

CI in data transcription also incorporates the use of ASR engines with fixed parameters to allow for live, recorded, onsite or offsite processing. With that, it can make data transcription work more cost-efficient, time savvy and productive. Such innovation can benefit businesses and institutions for example in insurance, that need constant monitoring. Industry-specific software could be developed through specific training data with pre-set rules to transcribe information.  

Advantages of Compliance Intelligence in Data Transcription

This approach towards CI comes with the promise of many benefits that exceed what normal AI transcription can provide.

1.                  Minimal Manual Input

Given that CI data transcription is designed with autonomous technology with the specific rules, the need for physical manpower to check for compliance will be reduced significantly. Imagine having to go through a load of 8 hours recording, the needed focus and time will be way more than 8hours. This added feature will be automated and transcribed with keywords being made prominent for the eyes if needed for checking. This will not only save time but also maximize productivity for otherwise tedious processes.

2.                  Addresses Human Error

As mentioned, transcribing manually is a time-consuming task and requires lots of concentration. Human error can result from poor due diligence, ineffective processes and even outdated technology. CI has become effective in ensuring that these human errors are addressed. 

3.                  Accurate Data Consolidation

As a business owner, you want to ensure that all the relevant workflows are in compliance. You can easily ensure this by using a CI-driven approach transcription. CI in data transcription helps you to fully comply with the compliance requirements in a timely and accurate manner. You can consolidate data accurately and organise them to help you make refined decisions.

 4.                  Markers on Data to Facilitate Suggestions and Predictions

Onsite and live audio or recordings can give markers at certain points by the CI system to indicate significant portions, or sensitive information. This can be done by setting parameters and outlines for compliance intelligence systems to follow. Recorded data may then be analyzed to predict market outcome and engagement.

5.                  Monitored Vocabulary and Automated Responses

This feature can not only make business engagements efficient and productive, but it also creates filters that can facilitate data segregation. It is also incredibly helpful when analyzing and evaluating outcomes, as well as possible risks or liabilities that may involve a certain community or demographic.

Conclusion

That being said, we can conclude that the integration of compliance intelligence into the process of data transcription is highly beneficial. Not only does it generate better and more accurate data transfers from audio to text, but it can also help produce detailed and genuine analysis and evaluations that can help business enterprise and institutional environments. 

If you’re looking to have recordings or live events tracked in accordance to your organization or government regulations, we recommend you to try the latest compliance intelligent transcription software, so you can experience the benefits for yourself.

How To Get The Best Results From AI Transcription

The use of transcripts has expanded beyond records of speeches sent to media outlets and legal court proceedings. They are now also widely used as records for lectures, virtual conference calls, and meetings hence there was a need for a quicker and more efficient transcription process as the demand for it is getting bigger and bigger. This was a gap filled in by Artificial Intelligence (AI) technologies.

In this day and age, AI is now used to make the transcription process quicker and more efficient. These process used to take days for a single human to transcribe before will only take a few hours today. In some cases, it can even take a matter of a few minutes to transcribe.

It is important to know the factors affecting the quality of the transcription and how to make the best out of it If you are planning to use AI transcription any time soon.

Factors that Affect the Results from AI Transcription

AI transcription is still far from being perfect, so it is vital to know the different factors affecting the quality of the transcript you get from AI-based transcription.

Background Noise

Firstly, background noise can significantly affect the accuracy of the AI-based transcription service. This is because AI is trained with algorithms to recognize and interpret particular sound frequency. When these sounds are disrupted by background noise, there is a high chance of being misinterpreted by the AI.

This factor is also something that significantly affects even seasoned transcriptionists. Although they have years of training, the human ears can misinterpret sound when the background noise distorts it.

The Speaker’s Pronunciation

The speaker’s pronunciation of words can also affect AI transcription accuracy for the same reason as the background noise. If the speaker in your audio file is a non-native English speaker, the AI transcription might have a harder time transcribing your file accurately than when the speaker is fluent in English.

Aside from the pronunciation, if the speaker talks in a shouted or overly dramatic way, it will also affect the transcription accuracy. The reason for this is also the same as what is mentioned above.

Number of Speakers in a Recording

Another huge factor that affects the accuracy of AI transcription is the number of speakers in a recording. This makes it challenging for the algorithm to detect when there are cross-talking within speakers; hence it can create a lower accuracy in the final outcome. The algorithm cannot properly translate the speakers’ overlapping speech.

Use of Jargons

If the file you want to transcribe contains jargon from specific fields, it may not be transcribed correctly by the AI. Most AI-base transcription engines are trained with general voice data which is only capable of transcribing common usage of the English language.

Tips on How to Get the Best Result From AI Transcription

Now that you know the different factors that affect the AI transcriptions, here are some tips that will help you get the best possible result.

Ensure the Audio Quality is Good

As you already know, audio distortion, audible background noise and music affect the AI-based transcription quality. Thus, it is essential to ensure that the file you put into the AI transcription service is of the best quality.

There are several ways to optimize the audio quality for AI transcription. One way is to pay close attention to room acoustic when recording. Remember, big and empty rooms can create echoes and lessen the sound quality. Meanwhile, a room with loud background chatter or noise can also do the same thing.

It is also good to use high-quality equipment and ensure that they are strategically located in a room. The equipment must amplify the speaker’s voice allowing it to be louder and more precise.

As for the strategic equipment location, it will enable the efficient capture of the speaker’s voice. Some of the best spots for equipment, such as a microphone, is to put it close to the speaker’s mouth.

Using an audio sound editor and saving the file in M4A format is also advisable. These can help improve the audio quality of the file. If you cannot save it in M4A format, WAV or MP3 are also good choices.

Have Fewer Speakers at a Time

Overlapping conversation makes it difficult for AI to transcribe in text properly, which is why it is a good idea to remind your speakers to avoid speaking over each other. Having a slight pause before the next speaker will be advisable. It ensures the clarity of the speaker’s voice and the accuracy of the transcription.

If you are transcribing court proceedings, speeches, or lectures, overlapping conversations is not really a big deal because it does not happen often. However, this tip tends to be more appropriate when you are transcribing debates or podcasts.

Custmisation of AI software

If there is terminology needed for a specific industry, you can always have a customised AI transcription service for your usage. This could be done with a set of data with specific jargons, the engine will be trained using that. On top of this, this service could be kept onsite if you have a server or on the cloud. This service will be solely for your use.

In Short,

The information above sums up what is AI transcription and how you can make the best out of it. Indeed, AI transcription is very helpful, especially when you need to transcribe files quickly. However, it is not perfect. It may require you to put in some extra effort to ensure the best results.

If you are looking for an AI transcription service that is easy to use, accurate and quick, then you should check out Senseofwonder.ai. Their trusty AI allows you to transcribe your audio files in 3 quick steps.

Senseofwonder.ai also has the latest Automated Speech Recognition software for reliable transcription and customization features, making them even more perfect for all your needs. Visit their website today, and get the right AI transcription solution for your needs!

Using AI Transcription to Boost Your Business

Artificial intelligence (AI) is all the rage these days. It has taken over a lot of tasks in various sectors. From simple chores such as processing data to complex ones like driving, AI has shown how it can help people transition to the next century.

While AI has only been covering menial tasks so far, many companies have been thinking of developing AI in the business organization. One particular application comes in the form of AI transcriptions – but how exactly does that work?

In this article, we’ll explore how AI transcription can take over your business and provide it with a competitive edge.

The Specialty of AI

There’s no secret that AI technology is getting smarter as time goes by. Every day, tons of users use AI-enabled smart innovation like Alexa and Siri to either turn on the music or search for something online. All these are just a glimpse of how our future will be heading towards AI, especially as technology advances.

In the transcription industry, AI has been slowly creeping into the industry in the form of AI-driven transcription service or applications. This has brought about a dramatic change in the way transcriptions are made. Due to the fact that the transcripts are machine-generated, businesses will be able to accommodate with their clients request quickly as they’re able to deliver text files in shorter turnaround.

This alone puts AI transcription at an advantage compared to human transcription. Aside from this, there are also a handful of advantages that AI transcription has when used properly, which can massively boost your business. They’re as follows:

1. Easier Business Processing

One of the biggest advantages of AI is that it can help with business processing. As mentioned above, AI can help create possible strategies through purely data-driven processing methods. This is because AI can process data much faster and more efficiently than humans.

That said, the core specialty of AI is really in automating business processes. Due to the automation, board members or business owners will get their data right away. There is little chance for delays when an organization is run on AI. They could revisit what was being talked about and review any meeting minutes for immediate action.

Time is money in business setting, dissemination of information can also be done quickly so that all relevant parties are well informed of the decision making.

2. Additional Cost Savings

Although this one might sound simple, it can actually provide a major boost to your business. With AI transcription, your organization will be able to save a lot of funds since it’s no longer necessary to outsource your transcription needs to transcription services.

In other words, it’s much cheaper to use machine-generated transcription for rote tasks. Moreover, it allows the professionals in an organization to focus on more lucrative and important tasks that can help improve its bottom line. Not only that AI transcription can also reduce the amount of time a human transcriptionist spends on manual work. This has the added benefit of cutting down labour costs.

3. Improved Accuracy

Organizations require a high level of transcription quality and accuracy, considering that any crucial information during board and business meetings should be properly recorded for future reference. In some cases, human transcriptions can suffer from inaccuracies which can have a potential impact in the long run.

AI transcriptions, however, can be embedded with prediction features alongside specific business-related terms to ensure that the words during meetings are transcribed properly and accurately.

With how machines are continuously being developed, we can confidently say that AI used for transcription is now used more than ever before. In fact, AI transcription claims to have a 90% accuracy rate for a much lower rate than human transcription, making it quite enticing.

Of course, there are some exceptions to this. Even if the audio is clear, there are some cases that AI transcription will fail to transcribe the words properly. Despite that, the accuracy rate still remains high, and with continual improvements being made, it won’t take long before machines will be able to achieve a perfect transcription accuracy.

4. Enhanced Confidentiality

Human transcriptions carry the risk of getting confidential information leaked to competitors or other third-parties. This can put a major blow to your organization. AI transcription, on the other hand, maintains solid security since the task is performed by machines without any human intervention.

This means that no unauthorized individual will be able to see either the file or the transcript. A smart AI transcription system will only grant access to individuals who are authorized to see the files.

Limitations of AI in Business Organizations

While there is no doubt that AI has its place in organizations, it’s still far from being complete. A lot of aspects of AI have not been discovered yet, that’s why there are still many limitations when it comes to deploying AI technology for business tasks.

For instance, one such limitation is that it can only do whatever its core function tells it to. With regard to core function, the algorithms powering AI are still quite limited since the technology is still growing.

Also, AIs are still prone to errors because there are aspects in business processes that classify as “exceptions to the rules.” Since most AIs follow a fixed formula, they can’t handle such “exceptions.” However, this is something that can be improved in the future. After all, AI technology is still in its infancy stage, so it’s only normal that many areas have not been covered yet.

The Bottom Line

AI will definitely have a big impact on business organizations as a whole. It won’t be surprising to see AI transcription being deployed in board meeting to transcribe all the important discussions word-for-word.

Aside from that, AI phenomenon will trickle down to all departments of businesses as well, not just in board and business meetings. With AI eventually handling most business processes, tasks should be done more efficiently and effectively.

As for jobs, it will be inevitable for AI to replace most of them. This simply means that workers also need to improve themselves to adapt to its introduction. They need to be more computer savvy to know how to make use of AI when doing tasks. Overall, we can say that businesses can most likely run smoother as AI enters the scene.

If you are on the hunt for AI transcription services for your business, you can check out Senseofwonder.ai. They offer diverse AI transcription solutions that are tailor-made to your needs and preferences.

Market Research should take advantage of AI transcription

Market research industry

Market research is an organized effort to collect information about target markets and customers.  It is a significant component of business strategy and major factor in maintaining competitiveness.  It can also be used to determine the viability of a new service or product through research performed directly with potential customers by getting opinions and feedback from consumers about their interest in the product or service.

There are two types of research which is primary and secondary.  In the primary research, either you conduct yourself or hire someone to do it for you.  It involves going directly to the customer or prospects in your target market to ask questions and gather information.  Interviews can either by telephone or face to face.  These interviews can be recorded and transcribe for compiling of results analysis.  Transcription can play an important role in converting these audio recording.  Primary research usually costs more and often takes longer to conduct than secondary research.   

In secondary, the research already has been compiled, collected, structures and published by others.  Some usage of audio recording can be helpful if the researcher needs to report based on the data compiled from the internet.  Again transcription can be used to convert these recordings to produce required reports.

AI transcription, the new age of work

Transcription is the process of converting audio recording into text.  The traditional method is a simple process referring to human transcribing audio recordings into text.  In market research, you could record your interview sessions and send them online to companies that offer manual transcription. 

The new age of work is referring to the change of daily work and work environment in the future by using Artificial intelligence to increase productivity instead of using the traditional methods. Of course, in the world of transcription there is also AI. It is an automated engine that uses speech recognition to convert audio to text in minutes.  It works well if the audio recordings are clear without other background sound disturbance.  It offers fast turnaround time and convenience.

Differences between Human and AI Transcription

Human transcription is done by person who manually listen to an audio file and write it down into text.  Human tend to produce far more accurate results as they are capable of interpreting heavy accent and industry jargon.  Using human transcription are more effective with messy audio that include background noise and have multiple speakers.  However, in terms of cost, automated transcription service is cheaper than the cost of human transcription.

AI transcription uses speech recognition to convert audio to text in minutes.  It is faster and cost-efficient.  In order to have high accuracy, having a high quality and clear audio file, no strong accents or complicated jargon will be perfect.

In the early 2000s, a professional transcriber can earn up to USD40 an hour of transcribing corporate calls or audio interviews.  However, in the past decade, the bottom fell out.  Demand for transcription has exploded in recent years because audio recording is easily accessible via our smartphone and pocket computers. Hence, more people are recording meeting, training and even interviews.  Furthermore, video making and podcasting has become quite popular nowadays. 

Theoretically, exploding demand would increase the price of labour except that globalization and the gig business model have also exploded the digital innovation.  So, this causes the price of transcribing to be cheaper than what it was previously.  AI transcription cost is further lessening with additional benefits of saving precious time and energy to perform the meticulous transcribing tasks. 

Benefits in using AI transcription in market research:

  1. Catch the details on the first round

With the ability to identify the speakers in the audio recording, the text that are churned out will be able to outline exactly who is saying. This gives the researchers a lift from having to search the content from the audio. The breeze of going through documents and focus on their analysis.

  1. Less cost and faster

AI transcription cost less than human transcription.  Conducting a market research requires a significant amount of time, energy and other resources.  Using modern technology, automatic transcription can be done in seconds.  It will also save hours of tedious transcription work.

  1. Spend more time on the work that is more important

Research interviews and focus groups have already extent hours.  It takes a significant amount of time to perform background analysis, prepare the correct questions and collect the qualitative data.  By using AI transcription service to convert the interviews into text, researchers can focus on the specialized tasks that will actually make an impact.

  1. Make content instantly actionable

When it comes to quantitative data, researchers can promptly take action once they have the research.  The numbers are evidently outlined and trends can be identified.  That is not essentially the case with qualitative data particularly when it has been recorded via digital means.  Access to high quality text simplifies arriving at breakthroughs and formulating conclusions.  AI transcriptions outline all the qualitative data out to make it easier for researchers to identify patterns and spot anomalies.

  1. Enable research content to be shared

AI transcription enable research content to be shared among the team members in a research group.  It is more convenient and everyone can fully participate to discuss detailed perceptions to the research project.

  1. Transform content into something searchable

A critical component of market research is the review process.  The researchers need to ensure that all of the information presented is accurate.  Audio recording is not searched friendly whereas texts are. AI transcriptions give researchers the ability to quickly search for keywords and quotes and obtain the content they are pursuing.

Summary

AI transcription enables rewriting the way we develop insights.  It does the most critical part of cleansing, consolidating and analysing data for detailed analysis.  AI market research tools help encodes large quantities of complex qualitative data.  Furthermore, it looks at them in bulk in order to determine statistical significance.  Before AI transcription came to picture, focus group of people gave you plenty of qualitative information about their opinions about a topic but there was no evidence if this truly represented your participants.  Moreover, quantitative market research will give some feedbacks about a product or issue but not the reason.  Combining these two, technology that uses AI can help researchers to understand their participants on a much deeper level that has a higher likelihood of representing the population they are searching at.

Transcribing your Webinar

If you think that you are getting most out of your webinars, you might want to think again. If you are not taking advantage of webinar transcription, then you are missing out on a lot of opportunities.

In addition, with events, conferences and tradeshows cancelled for just about everyone, the novel coronavirus – COVID-19 – has forced businesses to pivot their marketing strategies and plans overnight. This might just be the new norm for many industry and people.

Most marketers may be suffering from this emerging crisis right now, but the benefits of having your webinar transcribed open doors to new tactical opportunity. So, all you have to do is act fast and get your webinar transcription strategy to bring yourself closer to the audience, increasing your revenue and traffic.

Why Webinar Transcription is Effective?

A webinar recording is a great way of amplifying your marketing efforts while attracting new audiences. The key to benefiting from these opportunities is by having your webinar transcribed. With effective webinar transcription, you instantly improve your search engine optimization (SEO) video marketing efforts, making yourself searchable.

Webinars are an optimum, low-cost solution to engage with the audience and capture new leads. But what makes it more interesting is the fact that you can benefit from the search engine optimization just be adding captions to the video you’ve recorded.

Since SEO cannot read audio media, transcribing your webinar will help search engine spiders to look for textual indicators; hence, contributing to getting your content noticed. When search engine spiders index your transcriptions, they will increase the rating of your page, which will ultimately increase the traffic. Pretty cool, right?

Benefits of Webinar Transcription

Photo by K8 on Unsplash

·         Accessibility

Beyond any transactional or tangible benefit, having your webinar transcribed enables viewers who are hard-of-hearing or deaf to tune into your webinar with ease. By adding captions, you can significantly expand your targeted audience. More importantly, by going an extra mile to ensure that all people can access your resources equally, you’re not only empowering their life indirectly but also encouraging them to take advantage of your webinars.

·         Increased Learning

While a lot of people prefer an auditory form of learning, having your webinar transcribed can work well for those who like to read. This is because learning is a dynamic process, some people just learn better through reading. With webinar transcription, you can drastically enhance the learning retention of learners who depend on some sort of indicator or visual cue to learn more effectively. Moreover, you can retent potential learners by stimulating visuals through texts and images. This visual motivation helps sprout reliance and focus over your webinars; thereby, motivating them to stick with your products or services.

·         Enhanced Language Comprehension

In the modern corporate landscape, international connections are becoming common and important to the business ecosystem. Although English is considered as a business language, the fact remains that it’s still not a native language for most and it is a difficult language to master even for native speakers. Having your webinars transcribed can assist your audiences in understanding the content of your videos. Besides, if any of your audience speaks English as a second or third language, captions can reduce anxiety and improve their comprehension.

·         Increased Target Audience

Webinar transcription is a great way of increasing your market horizon. This makes it easier for people who are non-native English speakers to understand the material better. Many people now learn the language first with reading rather than listening. Hence even with the heaviest accented speakers could be understood well. Moreover, when you make your webinar content user-friendly and accessible through webinar transcription, you expand your targeted audience to underserved audiences. With this, you can significantly increase the exposure level of your content, regardless of the end-users. 

·         Search Engines

Transcription is a process of converting spoken content into textual representation. Search engine spiders crawl through the internet to look for textual indicators to understand the content of each page. This means that with a simple webinar video summary, you’re providing search engines with high-density keywords. As a result, you’ll not only improve the ranking of your page but also generate organic traffic for your business.

·         Neutralizing Noisy Environments

When in a noisy, busy environment, your webinar audience might have to work a little extra to hear from you. To help them in these situations, transcribing your webinar gives your attendee more reasons to participate and stay connected. At the same time, there is no excuse for them not to attend your webinar. You will definitely get more headroom to grow and sustain your webinar’s traffic. Further, having live captions on your webinar content can provide your audience with another chance to comprehend anything they might’ve missed, either from a momentary attention diversion or poor audio quality.

The Big Win

Having your webinar transcribed enables you to transcend language barriers and assists you in reach out to the international markets. Transcribing your webinar content and publishing it in other languages will most definitely attract potential leads who would otherwise have ignored your content due to language barrier.

Besides, it allows content marketers to edit, search, repurpose, and republish the wealth of information. With transcripts, content creators can create blogs from the main takeaways without having to recommend the whole video.

More importantly, with interactive transcripts, you can make your webinar recording navigable and more engaging that will ultimately enhance user experience. Positive UX increases time on site, which further influences SERP position.

Webinar transcription is a great strategy that enables digital marketing experts in attracting more leads. Placing captions in your webinar will allow you to reach to a wider audience while enhancing user experience.

If your webinar is interactively transcribed, you’re bound to hold the attention of your viewers. Besides, your users can effectively navigate through the recording by jumping to a specific spot using a specific word.

So, now that you know the benefits of having your webinar transcribed, you can check our website for effective strategies. We are one of the pioneers in a speech to text transcription, and we use advanced automatic speech recognition engine to make your user enjoy the video with great ease. We bring the world closer to you.

The Now and Future of AI transcription in Education.

As more and more institutions are focusing to increase their digital outreach. The AI (Artificial Intelligence) transcription can help resolve their challenges. Transcriptions are a vital part of the education sector. Once, being typed by people manually; today, AI can help institutes translate accurate transcriptions from different accents, voice-tone, and pitch. AI is a wonderful tool that makes transcription easy for everyone involved in the chain of the education sector.

It is not only great for institutes but also for students who want to take passive notes. AI transcription is way better than manual note-taking, as the transcription records every word till the period. AI can automatically synchronize subtitles in real-time too. It can also be a great tool, for referencing class notes or searching different phrases.

Now with senseofwonder.ai, institutes can take advantage of their Speech to Text transcription technology for creating notes. They can also integrate their Automated Speech Recognition (ASR) for live transcription based on AI and developed customization on their ASR as required by the institution. 

Speed

Transcription of files can be a tedious and long process regardless you are doing it yourself or hire someone who will do the work for you. Manual transcription is a very old-school process. In times when you can find almost all educational video on the internet, transcription on all the videos manually will be a humongous task to undertake. Also, if you are doing huge amount of research where you need to have interviews, juggling with transcribing and spending time on progressing on your work will be almost 24/7 duties. AI transcription could cut the time on transcribing to 1/6 and help you with your process in a breeze. When you use AI to transcribe, the speed of this process increases drastically. Senseofwonder.ai has one of the newest technologies for Speech to Text transcription.

Accuracy

Accuracy is one of the most important aspects of the education sector. Words mismatched could lead to a different contextual understanding of the sentence. Being precise is essential in educational transcription. AI transcription is about learning and relearning of words. With constant learning, AI can understand and evaluate words and sentences to make sure there is the highest accuracy.

Affordability

Time is money. Apart from having to work on the data for long hours and possibility of mishearing. AI now is so flourishing that it is no longer unaffordable. Instead human cost might be more expensive nowadays. You can always engage a human transcriptionist however this will be 4 times more the cost of using AI transcription. Education sector is a place where the need for transcription is growing and having a cost-effective solution is a way to go for sustainability. AI provides a solution for the education sector with this immense digital problem. It provides extremely affordable transcription that is the need for future education.

Understandability

The biggest hurdle for human transcribers is to understand the file content. Plain, clear, and loudly spoken words with no background noise could be easy for transcribers to understand. However, when accents, voice-tone or pitch and noise comes together, there will be limitation to human ears. A transcriber might have to spend minutes re-listening a single word to know the word and understand it. AI transcriptions are data-trained models build to understand many accents, pitches, and voice-tone. This repeated training allows the AI to recognize the speakers and able to transcribe with ease.

Engagement

How long can one focus during an online lesson? I am sure everyone has the experiences where you lose your focus and spaced out while listening to a webinar. When you realized, you are totally lost and not knowing what the speaker is talking about. In order to be engage your audience better, having the online lesson transcription will be an option. The audience can better focus and are able to read if they couldn’t catch the speaker. This would make the lesson more understandable and to grasp the content better.

This is almost the same for subtitling. Education is global but languages may not be although we always say that English is the international language. Using AI transcription, we can translate content into multiple languages easily. We can easily transform content to be consumable for every individual on this planet with subtitles. Senseofwonder.ai can support multiple languages together with its transcription service, Japanese, Mandarin, English and Singapore standard English. This is possible with Japanese or English AI transcriptions and translating into the various language that the staff are competent in.

Customization

AI transcription service is an innovation using smart technology to transform audio to text. This AI model is built upon using different data in a particular language and content to master its ability to understand. It is also possible to give criteria to highlight the importance of what is required for the institutes. General voice to speech software such as Siri and Alexa, cannot transcribe specific content as accurately in referencing them in the education sector. A general voice to speech will be sufficient to take voice notes for personal and general use but when you are coping with content that is specific, it will need a totally different data feeding software to cater to the need. In this context, AI transcription is a premium, customizable tool built and trained for the education sector.

Future of AI in Education

AI in education is already playing a big role now. With this current pandemic, many lessons are moved to the virtual space rather than physical space. Long distance learning is made more common and realistic now. Having transcription on real time or after the lesson as a caption will make learning easier and being able to understand better.

Education is no longer a luxury but a necessity. Remote education will increase and the need for AI transcription will be immense. It is an essential tool moving forward, the sooner you adopt the easier your process gets. AI transcription made remote education more engaging. It is one of the best tools for institutions to take advantage of and increase their productivity.

The Guide to How AI Transcription Benefits Legal Sector

Usually, it takes days before traditional court documentation services send transcripts. Nevertheless, with the AI systems, this can be done within a few hours. In recent years, the success rate of AI systems has greatly increased as it becomes more realistic in nearly every sector.

Moreover, more and more advancements are created each day. In recent years, Artificial Intelligence has been gaining traction in the legal sector. This technology has allowed legal professionals to work smarter rather than harder, through automation of manual tasks.  

Quick legal transactions are favourable to the litigant and the litigator. Many professionals in the legal sector often utilize AI transcription systems because they not only save time but are also efficiency. Transcriptionists who are familiar with this AI technology can review and edit the generated transcripts. As a result, the main points of transcripts can be generated fast.

How Is the AI-Transcription Applied in the Legal Sector?

The advent of Artificial Intelligence in the legal sector has brought about changes to what was once considered industry norms. With the speech-to-text feature, there is no denying that AI-powered transcription services are beneficial to the legal industry.  Other than automating processes in legal work, AI also helps lawyers and legal researchers perform due diligence.

Some AI transcription providers can recognize different speakers, making them effective to document legal consultations and conversations. You can have crucial information such as dates, accounts, and oral testimonies organized with time stamps. Hence, these systems have become useful in courtrooms or when one is conducting a meeting about legal cases.

Thanks to the search engine feature, AI transcription systems can function for your legal staff. Imagine the time saved from taking note of everything manually. There is no need to worry about going through a large transcription database to look for records. That is because many AI transcription systems have a search engine feature.

What Benefits Does the Legal Sector Get from Using AI Transcription?

There are several benefits that the legal sector can get by incorporating AI transcription. They include:

1. Cost-Efficient

An AI transcription service will lessen the time and effort of a human transcriptionist doing the work manually. Therefore, this can decrease labour expenses in the long run.

2. Time-Effective

AI transcription has a software that enables it to work on its own. Hence, there is no need to depend on manual transcribing. As a result, the process becomes faster and a lot of time can be saved doing other useful things rather than doing lengthy and inconvenient transcriptions.

3. Better Efficiency

Once they adopt AI transcription with work time is lessened, the legal staff will automatically have better workflow efficiency.

4. Confidentiality

Legal information is overly sensitive, and confidentiality is important. With a reliable transcription system in place, legal firms can restrict access to file to only those that have the authorization. In addition, smart AI transcription systems can have multiply layer of security and authorization to keep data date and private.  

5. Accuracy

Many AI legal transcription software programs have prediction features and legal strategies that are predefined. Hence, legal companies can customize these programs to make predictions to ensure accuracy and better analysis of the data. In addition, the increase of frequency use of legal jargon will have the software learn the language specifically leading to accuracy.

6. Customization

AI-powered transcription allows more opportunities for organizations to customize their services to meet their needs. A transcription system will ensure a robust platform that is compatible with different types of needs for compliance. Hence, this takes away the painful job of someone to proofread and mine out the importance evidence or used words.

7. Multi-Tasking

Having a technology with multiple dimensions, AI transcription services can provide a good solution for speech-to-text situations by integrating the two in one interface. Multiple voices can be identified and recognized at the same time because of the logical algorithms included in the program.

8. Timestamps and Database

Timestamps can be seen in transcribed documents as small figures that show a specific point or fraction of time that an event or incident occurred. Timestamping is a feature of AI transcript services that helps record legal data. For databases, AI transcription software can consolidate and better organize data.

How Does ASR Function?

ASR is the heart of AI transcription. Its primary task is to convert human speech into written form. In the legal sector, ASR is used to capture every word during legal proceedings. Unlike traditional transcription, ASR can differentiate between the voices of speakers during proceedings. This helps to improve efficiencies for transcriptions and how things are done in the courtroom.

A lot of AI transcription software provides an easy interface that only needs an upload of a multimedia file in the storage system. ASR and other included technologies do a fast analysis and give you a document that is completely transcribed, formatted, and punctuated properly. It can be used to meet near-perfect accuracy that is required in legal proceedings.

The timestamping makes the whole process of legal data quicker and more polished. Automatic Speech Recognition machines also ensure efficiencies that helps legal agencies to scale and offer services to clients and quickly.

Conclusion

Finally, transcripts that are automated are safer compared to transcripts that are manually recorded. Following the standard protocols of confidentiality, virtually all online AI transcription services ensure the safety of work and data.  Online AI transcription services like Sense of Wonder are highly advance when it comes to the development of AI systems.

Using AI transcription gives you peace of mind from accidentally deleting data or wasting data since this is backed up and copied in its storage. AI transcription would be a new norm in the legal sector and there are definitely many great advantages to use it.

AI Transcription in the Media Industry

Have you ever worked in the Media Industry? Do you know what it feels like to function after stretching out all the creativity in you? Are you always on tight schedule to submit your articles? Since the ways of consuming information have changed lately due to the internet and technology, media industry is under constant competition and pressure to provide the audience with insightful information in the blink of an eye. Unceasing advancement in science and technology has now enabled many media professionals to improve their work quality and organize a balanced workflow. AI (Artificial Intelligence) had helps various departments in the media industry to work on media products such as videos, news articles, or even web articles more efficiently.

Uses of AI Transcription in Media Industry

·         Automated Transcription of Media Content

In this digital era of AI, writers use software to produce their stories and articles. They can save time as AI keeps suggesting accurate vocabulary, giving them the privilege to check the quality of their work and make adequate changes before publishing. Many journalists use the AI transcription software for prompt reporting, such as live captioning which give them the capability to share news in real-time. This change, give them the edge of racing against time as they have to report every few hours and update their work constantly.

·         Online Video Transcribed

Turning your videos or audio files into text documents makes your content more accessible to the global audience as more people can comprehend your content with subtitles provided. When you upload any video or audio file online, there may be a greater target audience to your subject matter than you may think and hence better audience engagement. First and foremost, transcription comes into the first action of changing audio into text and followed by translating in various languages. These translated transcripts will then be cut as subtitles to fit into the video again. These subtitles would increase your viewers around the world and increase your video viewing rate. This would be the new way to go when we are all talking about SEO (search engine optimization) to make your work searchable.

·         AI in the Entertainment Industry

When a production house team gathers together to discuss an upcoming project, having AI transcription helps document the discussion important. This reduces the misunderstand and set the foreground ready before recording. Also, directors can note important points describing the mood and feel of different shots for their later reference, while important plot or narrative changes can be highlighted.

·         Writer’s Notes Related to Narrative

Writing is a long and tiring process that requires a writer to type or write a narrative. However, with media transcription powered by AI, writers can now simply speak their narrative and have a text document ready for them without having to lift a finger. Any immediate thought or feelings could be recording and later to transcribe could also be done.

Additionally, while writing an article or a story, writers may feel the need to record notes for their later understanding and research. Many times, a writer may conduct different interviews for content, and they can benefit from transcribing the entire interview as it would be documented automatically.

Benefits of AI transcription in Media

·         Boost Productivity

One of the most basic advantages of using AI transcription in media is that it increases an individual’s productivity. While you speak and the software transcribes, there are fewer chances of mistakes, and you can devise a thorough workflow that would make your work organized. This would also improve your speed and increase your overall outcome. You will be able to craft your work better and have enough time to edit your work. When you find efficient ways to save time, you can utilize it to add value and excellence to your work.

·         Saves Time

In news and entertainment world, the concept of ‘time is money’ fits perfectly when we are talking about the competition between who gets to lead the reporting first. Having an AI transcription in media will save your time and convert your important interviews into text documents quickly, giving you the competitive advantage of publishing and broadcasting quicker and reaching your audience faster.

·         Real-Time Transcription of Media Content

When people are watching live news on their gadgets, having real-time transcription gives them the privilege of viewing instant captions and attain better understanding of what is being discussed.

·         Accessible to Greater Audience

Speaker from the video or audio content can be speaking really fast or have an accent which could be difficult to understand. Having a text file of the content means that people can now read it and understand better. Also, closed captions which is from transcription, help deaf people understanding what’s going on their screen. Everything in internet is searchable and these transcripts can help you optimize online search engines as properly indexed content is ranked higher, and greater internet traffic can be attracted.  

·         Better Audience Engagement

As more and more people like to watch content online, AI transcriptions can lead to a better audience experience. For instance, transcripts and captions in your video content enable people with hearing, and speaking disabilities engaged with your content. Having SDH subtitles (Subtitles for the Deaf and Hard of Hearing) clears the confusion about what is happening off and on-screen provides a greater understanding of the narrative to such an audience. Besides, captions created through AI-powered speech software help audience understand complicated information and poor audio quality. While videos intrigue, they do not boost the ranking of search engines as written text which makes your transcripts and video description quite important. You can add SEO friendly keywords to have more people visit your website while increasing the viewer rate.

Wait no more

The consistent growth of technology in media transcription, undoubtedly signifies its importance and benefits that seem to add value to the work of media professionals. It helps them present their content in front of a larger audience clearly, professionally and efficiently.

So, if you want to have a wider and better engagement with your audience, get in touch with us, Sense of Wonder Group, a premium AI transcription provider assuring accuracy and professionalism to bring the audience closer to you.   

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