Automatic speech recognition (ASR) – the use of machine learning or artificial intelligence technology to transform human speech into readable text – has become a powerful tool for many across a wide variety of sectors. The speech and voice recognition industry has boomed over the past decade with ASR popping up in everyday situations from voice-to-text capabilities on social media apps to virtual assistants like Siri and Alexa and from classroom note-taking tools to live captions and transcripts for in-person and remote work meetings.
And there’s little sign of its popularity slowing down anytime soon. The speech and voice recognition market currently is valued at $13 billion – a number that’s projected to more than quadruple by 2030.
As the largest provider of transcription and captioning services, VITAC, a Verbit Company, is always developing and exploring cutting-edge technologies and seeking ways to enhance our offerings and solutions, helping customers capture their words accurately and contextually.
Now, we’ve pulled original research and recruited three Verbit technology leaders – Adi Margolin, Director of Product Management, Dr. Irit Opher, Vice President of Research, and David Landsberg, Vice President of Product – to reveal the most important factors professionals across every industry who are using ASR must know.
Our new report – “Exploring the Automatic Speech Recognition Era” – offers analysis of the impact, limitations, and opportunities of existing ASR technologies (and highlights a new ASR solution on the market!). The free intelligence provides in-depth analysis of ASR technologies by speech and acoustics experts, examines some of the existing challenges in ASR technology, shares insights on VITAC’s answer to existing ASR solutions, Captivate™, and provides real-world examples of how ASR is succeeding with customers and enabling businesses to leverage their verbal information in new and exciting ways. The report also includes finding from a recent survey of 200 senior-level professionals in the US, UK, and Canada on their uses and frustrations with ASR technologies.