-1
archive,tag,tag-ai-transcription,tag-126,qode-social-login-1.1.3,qode-restaurant-1.1.1,stockholm-core-1.2.1,translatepress-en_US,select-theme-ver-5.2.1,ajax_fade,page_not_loaded,menu-animation-underline,wpb-js-composer js-comp-ver-6.1,vc_responsive

Compliance Intelligence in AI Transcription

Photo by CTRL – A Meal Replacement on Unsplash

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.

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.   

Empowering Benefits of AI Transcription in the Medical Industry

Artificial Intelligence (AI) – based transcription has no doubt come a long way in the medical industry. AI transcription solutions intend to assist hospitals and other healthcare organizations through medical transcription in various forms. These include the transcription of speech into text for filling out and updating medical records of patients in EHR (Electronic Health Record) and EMR (Electronic Medical Record) databases. Presently, AI-based medical transcription has greatly helped doctors, physicians, nurses, and other healthcare workers in transcribing the notes of physicians.

According to experts, the market of medical transcription is estimated to reach about $4 billion by the year 2026.

What is Medical Transcription?

Medical transcription refers to the process of transforming verbalized medical notes into texted health records. This medical transcription allows doctors and other healthcare professionals to outsource the medical note-taking process to a third-party, which enables them to mainly focus on patient care. These third-party providers can be AI-based transcription software or professional transcription services.

Medical transcription is being used in the healthcare industry in multiple ways such as physical documentation reports, patients’ history, discharge summaries, operative notes and consultation reports, etc. In addition to creating workplace efficiencies, AI-based medical transcription helps improve patient outcomes and provides enhanced engagement between medical professionals and patients.

AI technology is used by doctors to transcribe their speech into medical documents, like outpatient letters or directly into EHR. Many hospitals and healthcare companies are now investing huge sums of money in AI-based medical transcription enabling healthcare staff to transcribe the medical documents from audio and speech of doctors. With the help of NLP (Natural Language Processing) and ASR (Automatic Speech Recognition) applications, doctors can easily turn their voices into readable text. Not only this, but advanced AI technology also helps them in generating and formatting medical documents.

Benefits of using AI Transcription in the Medical Industry

·         Better Patient Outcomes

Trust holds crucial importance between patients and their medical professionals. It is no doubt that doctors have to split their attention as well as the time between documenting and listening during their appointments with patients. AI-Powered Medical transcription enables doctors to directly record and transcribe conversation occurring during the appointment.

In other words, AI transcription helps them disconnect from their computers while being present with their patient. This ultimately establishes the trust between the patient and doctor while improving patients’ experience as doctors mainly focus on them and their condition, leading to improved patient outcomes.

·         Greater Mobility

There are many cloud-based AI transcription applications that doctors can use on the go, from anywhere, at any time, leading to the more efficient use of their time. Immediately after a patient meeting, doctors can record their notes while the discussion is still fresh in their mind. This will encourage doctors and clinicians to treat more patients and spend less time making reports.

·         Fewer Errors

To see major changes in the efficiency and quality of electronic health records, hospitals are implementing voice recognition technologies. Most medical errors are likely to occur during clinical delivery when a patient is referred to another physician. During this hand-over, if the information, thought process and behaviour are not properly transmitted, this can increase the chances of medical error.

Nonetheless, with AI – medical transcription, information is accurately transferred between the physicians. More interestingly, AI transcription software has the potential to learn from their mistakes. Therefore, the corrections made by the doctor while taking digital medical notes give feedback to the software’s algorithm, which ultimately improves the accuracy of future medical documentation.

·         Protects Patient’s Privacy

Medical conditions are not to be disclose to any third party. While AI – medical transcription is transcribe through machine, there are no chance of disclosure to third party. Which means that assuming a computer isn’t hacked, those same records will be safe and standardized.

·         Improved Decision-Making ability

Clinical information is readily available for doctor’s use through AI transcription, which helps save time and gives the doctor a thorough history of the patient allowing them to make more accurate medical decisions.

·         Real-Time Savings

Instead of transcribing word by word, customised AI-based medical transcription enables doctors to document medical information in real-time with great accuracy. Besides, it is the feat of NLP (Natural Language Processing) that it can recognize even the nuances of speech and thereby removing the unrelated components like filler words, small talks from the conversation. With the help of medical transcription, doctors can easily review the medical notes of patients which saves them various hours a day they spend on writing, dictating, or editing documents.

Some Pitfalls of AI-based Medical Transcription

  • This AI transcription technology is only as good as the data it has in it learning, indicating that big and newer health cases can be at risk due to inaccuracy.
  • AI-based transcription has not yet been perfected and thereby requiring doctors to provide their medical expertise which, to some extent, throws the supposed efficiency of AI – medical transcription into question.
  • Medical transcriptions powered by AI cannot override the benefits of human-generated medical case histories. For this, AI transcription software needs to implement new patient records for which it requires dynamic and adaptable algorithms. On the flip side, it still requires precision and time on the part of doctors to integrate new information.

Moving Forward

Till date, AI is undoubtedly on the rise in the healthcare industry. AI transcription technology has been subject to the way it is being used. However, that technology is now capable of much more than simple speech to text data entry. And as a pre-emptive measure, a secondary entry method of typing by medical transcriptionist can also be used to enter information that might be medically specific or incomprehensible to a software.      

Who uses AI-based Transcription?

With the advancements in technology, industries have witnessed a massive change in the last decade. The increase in the development of Artificial Intelligence (AI) is part of the driving force of the change. AI is suitable for application and it gets better where data feed repeatedly into the system. Transcription is one of the applications. In today’s world, we can see that most of the transcription are done in the form of audio or video recordings to word format.

AI transcription is already doing wonders in today’s world assisting human with their workload and modernizing the industrial sectors. It has already set its ground in a lot of industries like the medical, legal and media field but the growth is expected to maximize the experience from food production chains to the medical procedures. Subsequently, AI-based transcriptions will become more effective and commonly used.

Time efficiency

We are used to hear that ‘slow and steady wins the race’ however, the phrase has taken a drastic shift in today’s world. It is now ‘fast and smart wins the race’. Across the globe, as much as cost factor is important, time is equally important now. The automated transcription process that is the automatic speech recognition (ASR) engine, has not only lowered your budget but also saves time. This helps decrease the processing time to generate a transcription from days to minutes.

Availability 24/7

AI transcription is readily accessible, regardless of where you are, what time of the day. All you need are a computer and network. You can feasibly get your hands on it whenever you want to and get the work done quicker. Whereas, human transcription or manual transcription is not the case, there can be various obstacles that can make the transcription difficult to access. Time difference, the transcriptionist is not there, you are will be highly dependable on another person. Moreover, manual transcription takes a longer turnaround time than AI transcription.

Customization

With the help of the customization options by the AI transcriptions, it is easier to achieve the desired need. The transcriptions could be customized to be compliance intelligence, staff monitoring with the option of different languages, editing options, and the speech recognition models. Specific industries could train their AI transcription engine to recognize jargons specific for their sector.

AI transcription making waves

Although the accuracy rate depends highly on the audio file that is to be transcribed. The better the quality of the audio file the higher chances of achieving accurate results. Industries and companies from across the world are sleeplessly training their natural language processor to recognize and transcribe speech. The accuracy rate of these transcriptions is said to be 95%. Given the fact that most of the AI-powered transcription tools are easily accessible and is affordable, it is making waves in changing how the workflow in many sectors.

The Legal Sector

AI-based transcriptions have made evolution in the legal sector. Now, you can leave the administration tasks behind and work over what you always dreamt of – justice. AI-based transcription has allowed the legal workers to focus on more important things. The monotonous and exhausting workload that used to involve hundreds of lawyers in a backroom, reviewing documents after trials can now be done easily and smoothly by AI transcription services. At times, transcription can be done instantly in the courtrooms too. Hence, AI transcription has helped free the workload of lawyers so they can focus on the analytical and strategical aspects. It is widely practiced in the legal sector because of its confidentiality, speed and the reduction in cost.

The medical sector

AI transcription has entered the healthcare sector successfully too. It assists the healthcare personnel or medical staff majorly in dictating their notes into the healthcare systems. It also helps them in keeping and updating the patients’ electronic medical records also known as the EMR. It further helps the healthcare sector lessen the administrative burden of their regular heavy workload.

The media sector

Today’s media industry has expanded beyond imagination. The traditional journalism which was over taking by videos are extraordinary. With videos and live streaming facilities are booming globally and with that, automated transcription technology. The media sector is all about engagement, accessibility, and reaching out to your targeted audience. With AI-based  transcription, major benefits that the media sector enjoys include:

  • Ensuring access to the audience, AI transcription allows your data to get access to the audience more conveniently.
  • AI transcription has provided the media with a better engagement experience.
  • As the engagement improves, the outreach to the audience you want to target maximizes as well.
  • As the media industry aims to keep the audience connected throughout, with AI transcription it has become more feasible.

The Academic sector

Back to school, when lecture is ongoing and you will be busy taking down notes. Gone with those days, with the smart phone recording function, you are recording your one-hour lecture in a breeze. This is one of the things that cannot be done before the pre smart phone era. However, having to transcribe the recording and you are able to have it as notes for revision. This is the power of AI transcription in the academic world. Being students, this will mean focusing on your lectures and time saved from copying. Not limited to just physically present in a lecture hall, pre-recorded webinars or conference could be transcribe using AI to have a live streaming effect and make lectures or events easily understandable for the audience. On the other hand, this is not restricted to just students. Researchers can focus on their research rather than the paperwork on keeping tabs on recording.

The Financial Sector

AI application is not new to the financial sector, with the booming of Fintech, AI transcription is another application that is creeping into this sector. Being tight on their policy and data protection, AI transcription makes even more sense in this industry to minimize the human touch. Aside the usual advantages of cost and time efficiency, customized API onsite with multiple security layer will make a positive impact in this sector. Not only it ensure much better data protection but also the customization will mean the use of this customized AI transcription will be only for this specific customer. Bank and financial institution will be able to service each customers better with security.

In short

AI transcription, with an upload of audio or video file to the engine and downloading the transcribe into word format, this plays a major role in the current world today. Anyone who do recording and will like to have it into words could use AI transcription regardless of industry. It has made the workflow smooth and the workload less with lesser costs. It not only saves time and get work done faster, it lessens the tedious work and focus on the more important. It is also cost and time efficient move as it definitely increase the workflow productivity.  

What AI-based Transcription Cannot do as of Today.


Photo by Markus Winkler from Pexels

For the last 25 years, one of the major concerns of researchers in the field of computer science is to build an Artificial Intelligence (AI) that can accurately recognize and transcript language.

AI-based transcription services have been improved significantly in the past years. Several tech companies have been developing AI transcription tools to bail people out from the tedious chore of penning down a recording word for word. Many professionals are using voice recognition software to convert their video and audio files into the text to execute their work.

Undoubtedly, AI transcription has made translation process more convenient, efficient, customizable, and confidential with the help of a powerful algorithm and high-quality datasets. However, AI transcription is still subjected to limitations despite of these benefits,. In this article, we will be discussing what AI transcription cannot do.

Limitations of AI-based Transcription

Irrespective of the fact that machines are intelligent and can transcribe audio recordings into the readable text; it is yet not capable of comprehending the subtleties of human speech. For instance, background noises, nuances, and technical terms in audio can greatly hinder the accuracy of AI-based transcription.

AI Transcription vs. Manual Transcription

Albeit, AI transcription has come a long way; however, one of its biggest drawbacks is that speech recognition technology only learns after making and correcting a mistake in the text. In other words, speech recognition technology will take some time to understand the nuances found in audio files of human speech.

With regards to that, despite the emergence of AI-powered transcription services, majority of people consider that accuracy of AI transcription is still far from manual transcription services which is about to achieve 99% accuracy. Hence although tedious, manual transcription yields the best results which yet cannot be replaced completely by AI transcription.

AI transcription software also cannot detect multiple speakers and often muddle the specific names of people and places, resulting in inaccurate text. Therefore, manual transcription is used to further polish and rectify the mistakes made by AI transcription software. This implies that despite the advancement in Artificial Intelligence, one needs to manually differentiate the speakers and specific terminology to achieve a flawless transcripted content.  

Experts suggest that human transcriptions override the benefits of AI transcription as the human ear is more attuned to external factors in human speech and therefore cannot misunderstand, omit, or skip words as their automated counterpart (AI transcription) do.

As opposed to AI transcription software, human ears can effectively filter out the background noises in human speech. On the other hand, AI transcription has an error rate of around 12% even when speech recognition software transcripts a clean audio file. Furthermore, humans know the various cultural context and the varying language accents and therefore, are more adept at recognising accents which a machine cannot do.

One of the reasons behind inaccuracy of AI transcription is that AI-powered transcriptions rely on dictionary-based vocabulary, meaning that they are unable to identify different accents, slang or colloquial speech as they can understand only limited words. This makes AI transcription at a substantial disadvantage over human-driven transcription.

A professional transcriptionist can hear audio and video files despite the background noise in it. Human transcriber can accurately interpret words that a machine cannot do as they do understand the individuals, their culture and unique language accent.

As compared to AI technology, manual transcriptionists can better understand speech and accurately interpret regional dialects and foreign accents. Another edge that manual transcription has over machines is that it can distinguish between sound-like words to provide more accurate speech to text transcription.


Photo by Matheus Bertelli from Pexels

Some Other Downsides of AI Transcription

Despite the fact that there are advancements to improve speech recognition technology, it still accompanies with some flaws in AI transcription. These include:

  • inability to differentiate among different speakers, specifically when there is a cross over discussion going on between various speakers.
  • incapable to recognize and spell out specific words and terminologies that are not in English.
  • unable to track words accurately from audio with heavy background noise.
  • incompetent to recognize words when speakers are heavily accented.
  • You might need to spend time on editing the faults in AI transcribed file.

Hybrid Style of Transcription

Companies and business owners that use AI transcription still need to adopt a hybrid model to ensure accuracy in transcription. In a hybrid model, human assistance will be required to achieve 99% accuracy in AI-powered transcription. It is more like proofreading of your transcribed files to remove inaccuracies, typos, and discrepancies which are overlooked by the automated transcription software.  In this model, human transcriber edits the transcript after running it through AI speech recognition software.

The Consideration

All in all, AI transcription software cannot offer 99% accuracy, and therefore, human intervention is still essential. Since both AI transcription and human transcription have both pros and cons, it really depends on how you plan to use the transcript and eventually the time spent on it. Based on the use, you can choose any of the options that best suit your needs and make the most sense. Of note, where time is money, consideration on the budget, the time spent and accuracy of transcription still play a profound role in deciding which transcription to use.

en_USEnglish