How Using Speech-To-Text Helps Businesses
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Modern technology has made tasks and management easier for businesses, in all categories. One such technological feature is speech-to-text, which was initially pretty underrated and unpopular. However, it has slowly shown its value and versatility in recent years. Businesses worldwide are now using this feature to improve their entrepreneurial lifestyles, reclaim productivity, enhance job functions and grow their businesses. Are you interested to know how? Let's find out!
5 Ways Speech-To-Text Benefits Businesses
Any technology that might seem unnecessary especially in its early stages, creative minds like that of an entrepreneur can leverage to make a profit and speech-to-text is a classic example. The following are five creative ways businesses are using this technology for their benefit:
1. Improves Turnaround
Transcribing meetings or files are unbelievably time consuming. In fact, it is sometimes the primary responsibility of certain employees that are paid quite heavily to accurately collate. Speech-to-text can reduce this time and effort subsequently decreasing the overall expenditure of money and energy in order to improve turnaround. Employees will then use the time saved for more critical tasks, where their expertise is appreciated. Imagine a sales professional spending more time following up on leads and closing more deals.
2. Enhanced Accuracy
Speech-to-text technology can sometimes be more accurate than humans themselves. The software has an accuracy rate of more than 99%, which is very competitive compared to human transcription. Voice typing ensures a much quicker yet accurate transcription of discussions, meetings, and calls.
3. Better Employee Experience
According to the latest research and studies, an employee's experience in the workplace is incredibly important and crucial for modern organizations to grow. A happy employee leads to a profitable business, which is why their happiness and overall satisfaction are now a priority. Voice typing technology can help employees complete routine and repetitive tasks more efficiently. In fact, most are realizing the many benefits they have come to enjoy because at its core it helps foster a healthier workplace.
4. Increased Accessibility
Entrepreneurs and remote employees are often always on the go. Now access to business apps on mobile devices has increased the freedom and flexibility of mobile work. In an era where so many of us are reliant on our mobile devices, speech-to-text software offers us convenience when we need it most. It also means employees with disabilities are better accommodated making workplaces diverse and more inclusive.
5. Quicker Note-Taking
How are you with taking notes? Note-taking is one of the fundamental practices in any business. It is not easy to do and you will never find everyone volunteering to take on that responsibility. However, for many professionals, note-taking is their job and like most all professionals they are always on the lookout for ways to import their efficiency: Entrepreneurs, Journalist interviewing a key source, Blogger creating content for their post. other professionals usually get ideas very randomly. Thanks to advances in speech recognition technology, you are able to dictate your voice notes and automatically have it transcribed in real-time. Dictation speed has increased considerably in recent years so that it is now easier and 7-8 times faster to produce content. You know those random yet critical ideas that come to mind when you don’t have a pen or paper handy? Since everyone speaks a lot faster than they can type, there is a better chance of capturing important information fast via dictation so that it is not easily forgotten, not accurately captured or worst not captured at all.
Final Verdict
There are many practical uses of speech-to-text technology apart from being a fun way to chat. It has made workplaces more collaborative, jobs more manageable, and businesses more profitable. So if you are a manager, an employee, or an entrepreneur who still hasn't incorporated voice typing into your daily work routine, jump on the bandwagon now because you're missing out!
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