Beth Worthy is the President of GMR Transcription Services, Inc., overseeing client relations, human resources, and new business development to accomplish the company's mission and goals.
Common Mistakes to Avoid in Transcription
It's common practice within several large business verticals like - legal, entertainment & academia -to transform speech into text format via transcribing it. The transcription market in the United States will reach USD 41.89 billion by 2030, with a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030.
Is Legal Transcription Still in Demand?
The legal transcription market in the U.S. has been increasing rapidly due to the use of artificial intelligence (AI), machine learning (ML), and speech recognition technologies in transcription. Statistics reveal that this quick growth could increase the legal transcription demand over the coming years. From 2014 to 2021, the growth rate in the demand for legal transcription was 4.7%, but it is estimated to increase to 6.5% between 2022 and 2029.
How to Effectively Conduct Qualitative Research Transcription
The time needed to transcribe depends on many factors, like the typing speed of the transcriber, the number of speakers involved, duration of the recording, whether the recording consists of complex terminologies, activities, or actions, and much more. It may take several hours to just transcribe an hour-long interview!