No matter how advanced technology has become, transcription is still a manual labor job. Converting audio into text is not the same as converting mp4 to mp3 or ripping an audio off of a video. Transcription takes real time to accomplish. For instance, a 1 hour audio will take 3-4 hours to transcribe. There are no shortcuts and no special software to speed up the process. Now, you may be thinking, "What about that software that types as you talk?" That technology is available but it is severely limited. First, you have to train it to your voice which takes about a solid hour of talking. Second, it cannot distinguish between different speakers. It is only able to learn one voice. And third, it is only about 70% accurate. This technology works pretty well for emails and short letters but that's about all.
Morale To The Story: When you need a transcript produced, keep in mind that it takes real time to complete. Calculate your deadline appropriately. If your deadline is too thin, then you may have to pay rush rates or end up having to transcribe it yourself. Neither of which is desirable!
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