Speaker 1: Speechmatics Review Speechmatics is a transcription tool designed for an enterprise workflow, which offers great accuracy and fast processing speed despite lacking a GUI interface. Companies providing transcription services can vary, some require human interaction while others use software solutions based on artificial intelligence. Significant cost differences are usually observed between the two approaches. Speechmatics is an AI company that specializes in the conversion of audio into text and offers real-time transcription services. Our analysis suggests that Speechmatics accurately portrays the capabilities of its AI technology which can translate human noises into documents. Skilled developers may find it easy to create transcription for a language spoken with a common dialect, accent, and regional vocabulary. However, this is not the case with Speechmatics. It can recognize multiple dialects within different languages, such that English can be interpreted the same no matter where it is used. Transcription processes range from batch operations such as creating audio input in documents to real-time analysis of live audio in order to generate subtitles for a TV channel or streamed broadcast. The transcription process includes placing punctuation, such as full stops and commands, in the correct positions. Enterprise customers can have complete control of Speechmatics as it is configurable. This allows for customized language that is specific to the customer's sector, including special words and meanings, a custom interface, and handling of taboo words. Speechmatics is not a typical transcription system, as it does not function automatically. Setting up is part of the learning model, varying in complexity based on the customer's intent for Speechmatics. Most customers will require the development of a custom interface that connects to Speechmatics through its application programming interface in order to manage the processing and delivery of transcribed audio. Speechmatics provides a deployment team to assist customers with deciding how to utilize their technology, including the location of where mission-critical processes should be administered. Speechmatics can be deployed via cloud, public cloud, on-premises installation, or a combination of those three options. Speechmatics does not offer an interface for customers to modify the transcription technology, and therefore companies must develop their own solutions and integrate the Speechmatics API into their workflow. To help speed up the process and satisfy customer requirements, Speechatics can link clients to a local partner who can offer pre-built user interfaces and guidance on how to customize them. The effectiveness of these solutions is reliant on the customer's existing systems and if pre-built interfaces are compatible with that environment. Speechmatics provides powerful transcription software which can deliver near-perfect results with the click of a button and input of a command line. The demo process is not simple, as it requires entering long command lines with encryption keys twice, yet the results are impressive. We use Stephen Fry's reading of the opening paragraphs of the first Harry Potter book, among other classic recordings. In the testing of several transcription tools, the singular mistake concerning a company named Grunnings was made when it was referred to as Runnings. This test has produced the best results seen to date by a wide margin. The AI performance was noteworthy when it took on a more difficult audio quality test. Successfully recognizing words even with a low quality input such as when ambient outdoor noise was present. The accuracy of the transcription was impressive and it could process a couple of minutes of audio quickly, taking only a few seconds. The application of a custom word dictionary to the account can improve the speed and accuracy of the process, leading to quicker turnaround times and transcripts that require minimal adjustments. The process engine is capable of distinguishing multiple speakers, regardless of their shared accents. AI transcription quality is excellent, surpassing some human-generated transcriptions. Investing in time and money is often necessary to achieve the best results, which is particularly true for Speechmatics. This technology does not provide a ready-made solution, which ensures users don't overly rely on this service to solve all their workflow issues. Speechmatics is one of the highest rated speech-to-text transcription programs. There is no free trial or free plan, but you can request a demonstration if needed. The engine produces accurate and swift real-time and bulk transcriptions. Speechmatics provides various advanced features, such as recognizing a wide range of accents. Additions to the personal dictionary and useful punctuation tools are also included. Speechmatics is an advantageous choice for larger businesses with high transcription demands. To obtain specific pricing, contact the company's sales representatives.