How Improving Transcription Speed Can Scale Your Business

The transcription of audio and video files is important for many businesses. For some – such as legal or medical firms who need complete records of formal meetings – it can play a very central role. For others, it may be more auxiliary, supporting particular functions at certain times: transcribing focus groups about a product, for example.

However it’s used, transcription tends to be onerous and time-consuming work. A general rule of thumb is about 4:1 – that is, it takes four hours to transcribe just one hour of audio. It’s unsurprising, then, that turning transcriptions around can often act as a brake on workflows and delay important next steps.

That said, there are ways to improve transcription speed. Read on to find out more.

How transcription speed can boost business efficiency

To begin, let’s run through the benefits of increasing transcription speed.

Fast transcription speed leads to quick output delivery

The first benefit is rather obvious: it means you can turn transcriptions around more quickly.

Transcription will often be a dependency within broader workflows. Perhaps a client has been promised a transcript before you can complete an order. Maybe your team needs to analyze a focus group discussion. Or sales agents may be waiting for a subtitled training video or a transcription may need to be filed before a particular issue can be marked resolved.

In all these instances, higher transcription speed can boost efficiency, helping to optimize the associated workflow as a whole.