Speechmatics

Speechmatics also sells more advanced AI speech technology through its transcription and real-time translation API. The company's technology is geared to produce the most accurate speech-to-text output, which is why it's a good choice for businesses that want to transcribe audio and video into text.

Speechmatics supports 50 languages, with a particular focus on accent and dialect. The service offers the following features:

• Standard and Enhanced Transcription Models: Users can choose between speed-oriented Standard accuracy or Enhanced accuracy for the best results.
• Real-time and Batch Transcription: Supports real-time and batch transcription depending on your needs.
• Custom Dictionary: Users can add industry-specific terms and proper nouns to improve accuracy.
• Speaker Diarization: Identifies speakers in real-time and file transcriptions.
• Language Identification: Automatically detects languages.
• Export SRT Captions: Supports export in SRT format for easy integration.

Pricing tiers are tiered to suit different business needs:

• Free: 8 hours of free transcription per month, with limited features.
• Pay As You Grow: $0.30/hr for Lite Mode Standard accuracy, $0.80/hr for Standard accuracy, and $1.04/hr for Enhanced accuracy. Translation, Summaries, and Chapters are available as add-ons.
• Enterprise: Custom plans for large volumes and custom integrations, with multiple deployment options, GPU and CPU models, and dedicated support.

Speechmatics also promises to make your life easier with a unified API and flexible deployment options in the cloud, private cloud, containers, virtual appliances and on-device solutions. That should make it useful for contact centers, media and event captioning. You can sign up for a free account to try the service without a credit card.

Published on June 9, 2024