Auckland’s TranscribeMe inks smartpen deal
by Bill Bennett
September 2, 2013
TranscribeMe’s deal with Livescribe put the Auckland-based transcription company in the spotlight.
In August Alexei Dunayev’s TranscribeMe cut a partnership deal with Livescribe giving the smartpen company’s customers a simple way of turning recordings into readable documents.
Livescribe smartpens record audio and handwritten notes. The two are linked so users can quickly skip to key audio passages by pointing the smartpen at the relevant point in
their handwritten notes.
It’s a powerful tool, but as Dunayev says there’s a class of user that needs to go further. Some need a highly accurate
transcription of the spoken words. That’s where his Auckland-based TranscribeMe enters the picture.
Accurate transcription
Livescribe users can send files to TranscribeMe for an accurate transcription of the audio material. TranscribeMe takes
one or two days to process most files. It costs $1 per minute of audio to transcribe material when there is a single
speaker and $2 per minute for multiple speakers.
Dunayev readily admits this isn’t cheap, but says the service is mainly used by those who see transcription as ‘mission
critical’. He says his customers include medical and legal professionals along with market researchers and law
enforcement agencies. For those groups, he says, the service is cost-effective and beats alternatives.
TranscribeMe operates at the high-end of a market which features service’s like Apple’s Siri and Dragon Dictate at the
low-end. The difference is a matter of quality. Dunayev says his business “lives or dies by the quality of its service
and that’s something customers demand”.
TranscribeMe’s secret sauce
The company claims a 98 percent accuracy rate with its transcriptions – that’s considerably higher than the accuracy
achieved by speech recognition software. The secret sauce is that TranscribeMe uses a combination of speech recognition
software and outsourced human transcribers to turn sounds into words.
Humans are the expensive part of the equation, but not that expensive, Dunayev says crowdsourcing services mean he can
buy the highest quality labour at the lowest cost.
We’re not talking about hoards of poorly paid workers slaving in third-world battery farms here. He says over half the
transcribers are in North America. That might mean stay-at-home-mothers leaping online for a few minutes transcribing
between nappies and feeds.
Atomised workload
This becomes possible and practical because of the way TranscribeMe breaks work into small blocks and then schedules
jobs piecemeal to an army of remote typists. Atomising work this way has a second advantage – it means no-one gets to
hear a whole recording and that makes the service more secure for customers concerned about privacy.
Dunayev says the crowdsourcing and smart scheduling give his business a structural advantage in the professional
services space. Not running to the third world, but using native English speakers helps with quality.
He says his company has a wealth of data on transcribers, so jobs are sent to those best suited to work with the source
material – for example, TranscribeMe tracks which regional accents its workers are best at dealing with.
Will computers replace people? Not for years
Will computers ever be able to completely replace humans for this work? Perhaps in the distant future, but even Nuance,
the company behind Dragon Dictate and Siri, now says it will take another 10 years for computers to match humans
transcription quality.
Dunayev sees computers playing a bigger role, but says even when computer transcription gets to 99 percent accuracy
there will still be need for humans to proofread and check their work. He doesn’t see full automation for at least a
decade.
To date TranscribeMe has only scratched the surface. Dunayev says the total market for transcription is around $10
billion a year – although that isn’t all addressable by his business.
Still there are opportunities. Dunayev points to the intelligent voice recognition software integrated into large-scale
systems such as the one used by United Airlines for taking phone bookings.
He says the voice component will have cost the airline around $150 million, for a system which may be in use for just
seven years. He says using a service like TranscribeMe would cost a fraction on the amount spent on the system.
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