Speech Recognition Technology and Its Applications in Sales
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Voice commerce has arrived. Today, retailers can sell products by designing experiences that leverage speech recognition technology and its capabilities.
According to Meticulous Research, wthe speech recognition market is forecasted to be worth approximately $26.79 billion by 2025 (growing at a CAGR of 17.2%). The number of voice assistants used around the world is also expected to reach a whopping 8.4 billion by 2024.
As such, speech recognition technology, like the dotcom boom, is well-placed to create a new avenue for sales teams around the planet. But before we get ahead of ourselves, let’s first define it.
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Read moreDevelopment (history) and applications of speech recognition systems
Walking into many houses around the world, you’re likely to find one or perhaps more ubiquitous little speakers, scattered around. For the residents of these homes, these devices have become a key part of their lives, sharing details about meetings, travel plans, grocery lists and even weather reports. We’ve come to depend on them to help simplify our lives and entertain us.
Read moreCrowdsourced voice recordings and their relevance for the development of speech recognition systems
Crowdsourced voice recordings have evolved to play a critical role in the development of speech-controlled apps. As speech recognition rapidly grows from a novelty to a daily necessity, you can expect the demand for both voice recordings and voice-activated systems to rise concurrently.
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Read moreUses of Speech Recognition Systems for Disabled Persons
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Today, thanks to technological advances, many disadvantaged and disabled individuals are able to use technology to make their lives easier and more livable. One promising area is speech recognition. This technology is at the heart of personal voice assistants like Siri, Amazon Echo, and Google, that we’ve become accustomed to using either on our smartphones or through a smart speaker in our home.
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