![]() The worldwide market for speech recognition technology was worth almost $10 billion in 2020 and is expected to grow to nearly $30 billion by 2026. Advancementsīecause of developments in voice recognition and natural language processing, AI transcription technology has progressed and improved throughout time. Auto-transcribing audio and video with the use of AI transcription technology eliminates the need for human intervention and improves efficiency and accuracy over manual transcription methods. With the development of computers, AI, and ML algorithms, transcription technology has progressed to the point where it can now do AI transcription. This method was laborious and error-prone, but it was the only choice. People used to listen to tapes and then type up what they heard. The history of transcription technology extends back to the earliest days of sound recording. The Development of AI Transcription Technology History Conclusion: Balancing the Pros and Cons of AI Transcription Technology.Use Cases for AI Transcription Technology.Cons of Using AI Transcription Technology. ![]()
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