Friday, December 8, 2023

Demand for Voice Transcription

By DAC000 , in AI Regtech , at May 21, 2022 Tags: ,

is at an all time high, driven by Financial Regulator’s communication surveillance requirements, but can AI help? About a two minute read.

Comment: this is concerning, because AI is certainly not a panacea. I routinely record meetings I attend, and after convert to text; I see most systems struggling to correctly transcribe more than 50% or so of spoken word. Maybe its due to strong accents or less than optimal spoken English, but I just don’t see routinely using AI to transcribe acceptable, at least in the near term.