Here’s all you need to know about online transcription services?
Transcription is a great way of saving your audio be it important meetings, academic lectures, public speeches into text which can be referred to whenever needed to recall or revise the information. In this blog we’ll be telling you how to find online transcription services to convert your speech into text files.

How are online transcription services useful?
Human memory is not a very reliable option especially when it comes down to the takeaways of important meetings, academic lectures or informative gatherings of such kind. To make sure you are not only caught up on all things but also at the top of things, online transcription services can be very beneficial and useful to convert your verbal discussions, conversations and communication into text files which can be referred to as notes when needed to revise the shared information.

Why is there a need for online Transcription services?
It won’t be far-fetched to say that the global pandemic has shook the world to it’s very core and completely altered our lifestyles. The traditional in-person model of doing business is slowly but surely becoming obsolete and the graph of businesses transitioning to online is ramping up in full steam ahead. Transcription service providers have also established themselves in cyberspace to not only ensure safety measures but also make the utilization of online transcription services more convenient for you by simply making a few clicks to avail it even during these challenging times.

Three important indicators for online transcription services:
Online transcription services marketplace is very saturated. You will find unlimited results against ‘online transcription services’ keyword on your search engines but how to pick the right option is the real skill that every consumer should master.
Now I’ll be telling you three important indicators to consider before making your choice for the online transcription services.
Accuracy of online transcription services:
The number one indicator you should consider is the accuracy of the online transcription services. The entire point of having online transcription services in the first place is to preserve the verbally shared information efficiently which is often lost when simply relied on memory. Not having an exceptional level of accuracy will make the entire concept baseless.
Turnaround time of online transcription services:
The second most important indicator to consider is it’s turnaround time. You must be very keen in picking up the online transcription services that deliver you your text file in the most timely manner especially when the transcription is for your business meetings which cannot be delayed for long.
Affordability of online transcription services:
Last but not the least is the affordability of online transcription services. The convenience and benefits online transcription services carry make one think this service might be worth a lot of money but that isn’t actually the case. A lot of well-known and well-established online transcription services are offering their services at a very pocket-friendly rate which you should definitely consider.

Human vs Automated online transcriptions services:
After informing you about the important factors to consider before choosing an online transcript service, it’s time I tell you about the two common ways of transcribing your speech into text. Online transcription services are human based or automated. Both human and automated online transcription services have their own pros and cons to offer.

Human online transcription services are carried out by a transcriptionist having impeccable hearing skills who will listen to your audio and convert it into a written text file. This type of transcription is known for its exceptional accuracy.

Automated transcription service on the contrary is a breakthrough in this industry which is achieved through AI empowered softwares. This may lag a bit in terms of accuracy however, this is a very good option when it comes down to the turnaround time.