Did you know that the medical transcription market’s estimated to reach 60.6 billion in 2019?
Why is transcription important? Not to worry! In this article, we’re going to go over why you should have a transcriber working for your business.
Want to learn more? Keep reading to find out!
What is Transcription?
A transcription service converts speech into an electronic or written text document. Medical, legal, or business offices often hire transcribers.
A common type of transcription is from a spoken source to text. Then it’s printed into a report. An example of this is the proceeding from a court hearing. Medical transcription is a doctor’s recorded voice notes.
Some businesses send their transcribers to speeches, seminars, or events. You can transcribe audio to text for one dollar per minute.
Why is Transcription Important?
Business must keep detailed and accurate accounts of communication. They often rely on various ways of note taking and recording. Companies must keep track of keynote speeches, interviews, and conference calls.
Transcription is more efficient and captures the entire account. This method is more accurate compared to someone taking notes. This person has to pick and choose what to write down.
You can check the recording as many times as you want.
Why Do Businesses Seek Transcription Services?
Businesses are outsourcing business transcription to a transcription service provider. This is more cost effective instead of having a staff member complete the job.
Recording a meeting and emailing the audio file is cheaper than a staff member taking notes.
The process of converting audio files into text is time-consuming. More businesses are outsourcing this job instead of doing it in-house.
Transcription service providers have higher levels of accuracy. Transcribers have an ear for a variety of pronunciations and accents. They are experts at handling different input file formats.
Transcription providers streamline the process and lift the burden from a company. This frees up time for employees and project managers to focus on their core tasks. Outsourcing eases the load from the IT department as well.
Outsourcing is effective. It stays on track with the transcription volume that companies need to convert. When you outsource to a specialist, you’re guaranteed fast and quality results.
Most companies ensure taped recordings. They’re transcribed and delivered with the same turnaround time.
Avoid Disputes with Professional Documentation
A lot of companies request business transcriptions. They do this to avoid lawsuits and disputes later on. If you choose a professional company, you can grow your business and reputation.
Extra Benefits of Outsourcing
Transcribed transcripts that contain important details from meetings help you in the future. You won’t forget anything or debate over trivial issues. Instead, you can go to your clear transcription done by a professional.
You’ll have accurate reports that you send to shareholders, customers, and clients.
Having flexibility with your content is fantastic. You can re-purpose existing digital content like dictations and webinars. They can turn into physical books or courses.
Accessibility Is Key
Accessibility and inclusion are essential in the workplace. You want to make sure all your employees can access information. Transcription helps in this way.
Information in your office is more accessible to people in and outside the workplace. When you transcribe video or audio into text, you’re able to reach the hearing impaired. They can read the information from a book or printed report.
For people with cognitive disabilities, having a written report helps a ton. Some clients, customers, and employees may suffer from memory loss. Having a text to go through is a lifesaver.
You can even transcribe your report into another language! This makes your business more accessible, and in turn, more successful.
Your Business Will Run Well
There are times when technology fails us, or the internet goes slow. You may find a PowerPoint presentation with a video in it that doesn’t run. It may show the image buffering, but it doesn’t play.
Or you might have a legal case, and you can’t access the right files for whatever reason. Transcription can help these situations. You can have an offline record of your work that you’re able to access at any time.
This could save your presentation if technology or the internet ever stops working.
It’s Easier to Find Documents
Finding audio files isn’t easy. If someone doesn’t know where to look, they may struggle to see it, and they aren’t going to stumble upon it.
When you transcribe documents and turn them into blog posts, it’s easier for your employees to find.
You may choose to go paperless and having electronic records is key.
Content Variety
When you hire a transcriber, you’re able to have a few forms of your report or document. Multimedia gives you the opportunity to reach many different people.
A video is a visual medium while audio allows people to do other things while listening.
Transcription allows your clients, employees, and partners to read your text. Some people prefer reading compared to audio or video. Transcripts are easy to share with your following on social media compared to audio.
People may not have the time to listen to an entire lecture. With a text, they can scan the document and read it during lunch or in the evening.
Want to Learn More?
Why is transcription important now more than ever? This service allows many people the opportunity to access information about your company. You also have an electronic text that is easy to share with employees.
Want to learn more? Check out how to succeed on social media.
