Transcription companies are increasingly using machines to transcribe audio and video content. Automated transcription tools use artificial intelligence (AI) to convert spoken language into written text, which can be faster and cheaper than using human transcribers. However, the accuracy of machine transcription falls short of the high standards required for certain industries, such as legal and medical transcription, where 99% accuracy is necessary for compliance.
Despite the limitations of machine transcription, many transcription companies are adopting a hybrid approach that combines AI and human transcription. This approach enhances efficiency and accuracy, but clear instructions, communication, and quality control processes are necessary for optimal results. While machines can transcribe audio files quickly, human transcribers are still needed to edit and proofread the transcripts to ensure clarity and accuracy. In conclusion, transcription companies are relying more on machines, but the collaboration between AI and human transcriptionists is likely to continue resulting in improved transcription processes overall.