Organizations from a range of sectors and verticals are looking to utilize new technologies and machine learning to power their solutions through the inclusion of products like automatic speech recognition (ASR).
The capabilities of ASR help to optimize products and solutions, deliver new and differentiated capabilities and maintain pace with or lead their markets. Innovating with voice and utilizing the data that exists within organizations enables a better understand of customers and make vital improvements to their businesses.
When it comes to the application of ASR there are two modes.
Batch transcription
Submitting recorded media files (audio or video) to the transcription engine and receiving the full text transcription of each asset as a separate file.
Real-time transcription
Streaming media (audio or video) to the transcription engine which delivers text output immediately as it happens.
Speechmatics’ any-context speech recognition engine works for both batch and real-time transcription, giving businesses the flexibility to build innovative applications at scale.
With these applications, organizations can extract information and key insights to uplift their knowledge. With this knowledge, companies can assist other operations and people within their organization to adapt in real-time.
Two Speechmatics reports on The State of Voice in the Media and Broadcast Industry and The State of Voice in the Contact Centre Industry found that real-time use of speech recognition provides more value (53% & 45%, respectively) than pre-recorded (27% & 22%). However, some 20% & 33% identified both modes to be equally valuable to their companies.
Virtual appliances: Speechmatics’ real-time speech-to-text offering
Speechmatics has supported real-time transcription through a real-time virtual appliance (RTA) since 2018. The virtual appliance is a small footprint piece of software able to be deployed wherever the customer wants. Hosted in a secure customer site or in a public/private cloud, the Speechmatics RTA provides best-in-class transcription, as it happens.
The RTA can be deployed anywhere, offering deployment flexibility to customers as well as data control. However, we understand that virtual appliances may not be ideal for all customers.