This is the first ezine article I’m writing in about 15 years, and looking back, the world has changed so dramatically, in general, and my own, that my perspective, priorities, and priorities couldn’t be more different than what could have been imagined

Nearly 14 years ago, I stumbled upon online freelancing, and by default, I became a transcriptionist. Long story short, I entered the world of TV and film, having first transcribed focus groups, phone calls, clandestine interviews in noisy restaurants, and more gruesome things than I care to remember.

My break into film and television changed everything, starting out as a slow transcriptionist, working my way up to running one of the UK’s most successful film and television transcription businesses. I don’t have it, I just drive it. Just running it means orchestrating about 70 transcriptionists and about 500 clients. In a year and a half I admitted defeat with severe exhaustion and had to cut it down to just half a day, which gave me plenty of free time to explore the changes that have occurred in the last 15 years.

And I came across speech-to-text AIs, which are revolutionizing the world of transcription.

Now, who needs transcription services?

Short

interrogators

doctors

University students

business people

television producers

film producers

Podcasters

youtubers

And what services do transcribers provide them?

Subtitle

post production scripts

Raw interview transcripts

Medical reports

court hearings

Interrogations for prosecution purposes

The list is endless.

When I first learned about speech-to-text, it was when I bought Dragon Naturally Speaking, ooh, around 2014. I took more time editing the transcriptions than if I had transcribed them from scratch.

Enter Amazon web services.

Amazon Web Services has created the most powerful speech-to-text AI the world has ever seen or is likely to ever see.

Thanks to devteam.space, I found the following statistics:

Markets and Markets conducted a study which concluded that the speech-to-speech recognition market would grow from $7.5 billion in 2018 to $21.5 billion by 2024 with an annual growth rate of 19.18 percent.

So, I jumped at the chance and it took me around eight months so far to develop my own speech-to-text AI from scratch. I have been ripped off, ripped off, lied to and cheated by unscrupulous developers and nearly ruined myself financially by going ahead, in an attempt to gain access to this industry.

And in about two weeks from now, my AI will be ready for the world to use in any way they see fit, to create the most affordable high-quality transcriptions any AI can offer. Welcome to accuscript.ai. At just $0.075 per minute of audio and an average transcription time of 10 minutes per hour of audio, with 90 percent accuracy (and improving), this is a win-win for both AI owners and users.

We no longer have budgets that allow us to use human transcribers starting at around $1.20 per minute!

And don’t be fooled, those transcripts have first been put through an AI and lightly edited by a human. Imagine that: $1,125 per minute of audio to edit!

Yes, I am concerned about transcriptionists (myself included) who are relying on the high fee charged for human transcription. But we have to stay ahead of time, or at least try to keep up.