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"Transcription services" is an industry term for the conversion of recorded speech or digital audio into text. It is vital for processes such as search, retrieval, summarization and annotation. Transcriptionists can perform these tasks manually (speech-to-text) or use automated software to transcribe a recording to text. Software can be used to edit out noise and correct errors in the transcription process.
Transcription services are important because they allow people who have hearing difficulties listen to a conversation without having their attention drawn away from it by struggling to read lips. There are also many other benefits for companies that choose to utilize transcription services as part of their business operations, including cost savings and improved accuracy when processing data.
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