The time required for a human to transcribe voice to text is generally four minutes of work for each minute of audio. Costs range from 75 cents to $1.50 per minute. Suppose you have a one-hour podcast—a format more businesses are using as part of their marketing mix. To have a transcript created would, on average, take four hours and cost $30–60.
And they still need a human to do the job.
Choose human transcription if you:
Need the most accurate results
Have a flexible budget
Don’t want to spend time on editing
Intend to publish the content
Recorded more than two speakers
Have audio with heavy accent
How artificial intelligence and machine learning are unlocking content.
By C Bryan Jones for The ACCJ Journal (https://japantoday.com/category/tech/how-artificial-intelligence-and-machine-learning-are-unlocking-content?)