Many people have questions like, what is transcription, how can it help my business or what is outsourcing of transcription.
This article is an attempt at explaining “what is transcription”.
What is Transcription?
Transcription is the process of converting audio files to text. Converting of audio files is done by transcribing.
Transcribing involves listening to the audio files and simultaneously typing out the content on to a Word processing software like MS Word, MS Excel, etc.
Transcription is a time-consuming task and is best outsourced or delegated to professional transcribers.
What is Transcription for Business
Business and professionals usually outsource transcription to online transcription services like us to save time and cost. Outsourcing transcription allows law firms and real estate firms to improve your efficiency and workflow. It also frees up their in-house legal assistants to focus more on legal administrative task like case research.
What is Transcription as a Service?
Transcription is divided into two main categories: audio transcription and video transcription. As the terms indicate, audio transcription deals with transcribing of audio files and video transcription deals with video files.
According to the industries transcription providers serve, transcription is further categorized as:
- Business transcription
- Court transcription
- Legal transcription
- General transcription
- Media transcription
- Medical transcription
- Real Estate transcription
- Insurance transcription
Who Uses Transcription Services?
Almost everybody and any one uses transcription services. Over the years, we have worked with individuals as well as corporate entities. Individuals we have worked with include university students, PhD researchers, pastors, lawyers, podcasters or bloggers, small business owners, court reporters, documentary film-makers, etc.
Businesses we have worked with include video production companies, translation agencies, court reporting companies, law firms, investment companies, stock exchange software company, churches, etc.
We also work with NGOs and interest-based organizations to transcribe videos and audio files.
What are Transcription Benefits
The benefits of outsourcing transcription will largely depend on your goal. By outsourcing transcription you can reap a number of benefits and advantages for your business that improves the overall productivity and profitability of your business.
Benefits of outsourcing transcription are:
- Improve the overall profitability of your business
- Improve the overall productivity of your business
- Improve the overall efficiency of your business
- Keep your overheads down to the minimum
- Keep your business lean and focussed
- Allows you to focus on your strengths by focusing on your core competencies
- Minimize risks in document production bottlenecks
- Help your business go green and eco-friendly
- Improve the overall quality of your documentation and record keeping
- Improve the overall quality of your communications
What is Transcription Outsourcing ?
The delegation of transcription tasks or processes to a third-party transcription service provider is called outsourcing transcription.
The goal of outsourcing transcription is to improve the document production process or save cost or improve the productivity of a business as a whole.
Outsourcing transcription allow business managers and management to focus on their core competencies and delegate those processes that they are inefficient or don’t have time for.