Instructure is an educational software company, whose goal is to make people smarter and make teaching and learning easier, with more than 3,000 universities, school districts and institutions around the world using its software.
During the last few years, when it has become increasingly crucial to focus on self-development and to strive to achieve more than ever before, the e-learning market has grown at an unprecedented rate.
With LinkedIn making an e-learning company their biggest acquisition to date, and recognizing that the majority of professionals go to LinkedIn to learn and enhance their careers by consuming content related to their industries, the market has rapidly grown in value.
Instructure has launched a new product, Arc, which is an interactive, smart, easy to use video platform, turning content into conversation, connection and collaboration.
Recognizing both the need for accessible content and the legal and moral obligation to make all content accessible in the USA, Instructure looked to Speechmatics to provide automatic speech recognition technology for adding captions to video content.
Crucially, Instructure was looking for a provider of accurate speech-to-text transcription to integrate into Arc by adding captions to content at no additional cost. It is extremely expensive to add captions manually, and educational institutions need cost-effective solutions. Instructure found Speechmatics to be at least 10% more accurate in every test set and to make at least 40% fewer mistakes than other leading automatic speech-to-text providers.