5 advantages to using transcription services

Wondering whether or not investing into transcription services will benefit your business?

Here are just five of the greatest benefits to utilising real-time transcription software during live digital events, from virtual meetings to online conferences and lessons.

1. Ensure immediate accessibility

Transcripts are not only a useful tool for attendees (and those who missed the event) to review after the fact; providing interactive tools in tandem with the event itself ensures that those who are deaf or hard of hearing can also engage with the events as they transpire. Digital inclusivity is equally as important as ensuring accessibility in physical locations – and, to this day, it is all too often overlooked.

The software offered by leading provider Verbit, for instance, meets the ADA’s requirements for equal opportunities – ensuring maximum engagement, and a better relationship with your viewers.

2. Create interactive tools

A transcript needn’t be static. Dedicated transcription software can ensure that these documents are produced to a high standard within seconds, and that they provide an interactive tool to attendees – increasing engagement across your entire audience, and offering more flexibility for those who want to take notes and search back through what has been said already.

The delay that traditionally occurs between a live event and the release of an accurate transcript risks losing engagement, but offering easy-to-use, interactive tools alongside the event itself will ensure that your audience remain engaged and attentive.

3. Save time

Transcription services can manage real-time speech-to-text in a matter of seconds – far quicker than even the most adept typist – and achieve a high degree of accuracy with minimal delays forming between the speaker and the viewer.

Even in instances where live translations are not required – for instance, when transcribing recorded audio – utilising transcription services will ensure that valuable time is saved.

4. Increase accuracy

Human error is an unavoidable fact of life, but, in the vast majority of instances, mistakes in transcripts can cause significant issues down the line. For instance, during court proceedings, reports need to be taken down to the highest degree of accuracy in real-time, and this can be incredibly difficult.

The use of artificial intelligence within transcription software ensures errors and inaccuracies are kept to a minimum, and that, after only a few hours, more than 99% accuracy can be achieved.

5. Cut costs

Utilising the latest transcription software ensures that you can minimise expenditure on transcription services, without sacrificing quality – and, of course, saving money in the meantime.

Live, human transcription is a specialised task, and requires an incredibly high wpm (words per minute) typing speed in order to ensure that delays are minimal. If you are relying solely on human transcription, then the scalability of your operations is limited, and growth will come at a high cost.

With transcription services, you can deploy the software as much (or as little) as you need, at any given time.

These are just five of the benefits to utilising transcription services for your digital events. Providing your viewers and attendees with the resources they need to engage fully with the event itself is an excellent way of ensuring accessibility, equal opportunities, and maximum engagement from all attending.