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
