From marketing organizations to financial intuitions’, etc. there are numerous businesses that require transcription services. The modern-day business appreciates situations where translation from audio to video text is deemed to be helpful. Mostly this form of transcription services is conducted in house and that too in a manual mode. But this may require the employees to possess specialized skills for mundane and time consuming tasks. Though a better piece of news is that outsourcing such tasks to companies that have the technology for automated transcription may turn out to be helpful. Rather than resorting to in house, there are various benefits of outsourcing transcription services.
Saves money and time
One of the major benefits of outsourcing is that it saves time and money. Paying for such services may seem expensive but if you hire someone in house their salary and other benefits may drive up the costs. Even the overhead costs of such employees tends to shoot up. There are resources that need to be devoted to the training of employees. When you outsource to online transcription services you end up saving on the time and money front.
Flexibility
The nature and quantum of content to be transcript varies on a case to case basis. It is not something that your business may require on a day to day basis, Hence it is better to outsource the task to transcription companies who are flexible when it comes to arranging of services as and when you need it.
A professional who has outsourced the work can deal with surge periods and decline in work. When it comes to in house staff, there is no need to hire or fire them which is dependent upon the volume of their work.
Superior levels of efficiency
Transcription is a tough and requires a lot of time to accomplish the task. This is bound to be the case with untrained employees. When you are spending hours on a transcription project it can have an impact on the accuracy and efficiency of the project.
Even it is difficult to obtain high quality transcription work if the employees are already burdened with other tasks. So it is better to outsource the task to outside agencies who have the expertise in the form of AI technology to accomplish the task on time.
Superior turnaround time
Manual transcription would take a skilled transcriptionist around 4 hours whereas it is one hour for the audio. But automatic transcription that is provided by these companies would reduce the turnaround time to a considerable level. What it does is that it enables these companies to have transcript content in hand, and the time value of the same has not elapsed. The information is expected to reach out to the target audience when it is not stale.
Outsourcing is of help as it reduces the turnaround of the employees. There is no employee in the world who does not like to perform repetitive and mundane tasks.
