It's often referred to as the lossy format because there's always some loss of original data. MP3 (MPEG Audio Layer III)is a compressed file format. It’s ideal for dictation, record-keeping, and transcribing meeting recordings. Otter.ai takes about five to six minutes to transcribe a 15-minute audio file and the transcripts are pretty much accurate except for the minor details. Otter.ai MP3 to Text ConversionĪutomated transcription tools such as Otter.ai are an excellent choice when you need the transcript immediately and can run a quick edit. On the other hand, a transcriptionist won’t transcribe audio on the spot, and you will need to wait for some time to get the final text. Transcriptionists usually take one hour to transcribe 15 minutes of audio and charge about 75 cents to $1.50 per minute of audio. Manually transcribing audio can take hours depending on the experience of the transcriptionist, how fast (s)he's typing, the number of speakers, and how fast the speakers are talking. Human transcription is a good option when you want accurate results and have a flexible budget and timeline. The choice between hiring a human or getting a machine is not simple, and the same goes for human versus speech-to-text transcription. Machines are becoming more and more efficient every day, but with them, there are always limitations. Human Transcriptionįrom Siri to Roomba and even self-driving cars, there’s no shortage of human versus machine examples around us.
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