What does Speechmatics do?

Speechmatics provides speech technology and Voice AI for enterprises, offering accurate Speech-to-Text, Text-to-Speech, and Voice Agent solutions. Our models understand every voice and accent across 55+ languages, helping businesses unlock the full potential of voice data.

How accurate is Speechmatics Speech-to-Text?

Speechmatics delivers best-in-market accuracy, achieving up to 99% word accuracy and 96% medical keyword recall in industry benchmarks. Our models handle multiple accents, noisy environments, and multi speakers with ease.

What makes Speechmatics Text-to-Speech different?

Our low-latency Text-to-Speech (TTS) delivers lifelike, human-sounding voices with sub-150ms latency that is ideal for real-time conversations. Developers can stream natural speech in multiple voices and deploy it in the cloud, hybrid, or on-prem for privacy and control.

Can I build real-time voice agents with Speechmatics?

Our voice AI enables developers to build real-time voice agents that listen, understand, and respond naturally. Plug in fast with a flexible API and native integrations to power your AI voice agents.

Which industries use Speechmatics?

Speechmatics is trusted by organizations in media, healthcare, contact center, medical, finance, legal, education, and accessibility. Our technology powers transcription, translation, call analytics, and voice AI applications worldwide.

Speech recognition challenges and how to overcome them

Accuracy has been one of the main speech recognition challenges for many years – and a barrier to entry for many businesses. Historically, the technology hasn’t been considered good enough to adopt as an integral part of a workflow and technology stack. But that is simply not true anymore. Voice technology has now improved to a point at which the output for the most spoken languages in the world – such as English, French, Spanish and German – is highly accurate in terms of word error rate (WER). So, what other challenges are affecting the future of speech recognition? And why is accuracy still a problem? These are the barriers highlighted by respondents to a survey as part of the Speechmatics report on Trends and Predictions for Voice Technology in 2021: 1. Accuracy

These days, accuracy refers to more than just the accuracy of the word output – the WER. Many other factors affect the level of accuracy on a case-by-case basis. These factors are often unique to a use case or a particular business need and include:

Background noise
Punctuation placement
Capitalization
Correct formatting
Timing of words
Domain-specific terminology
Speaker identification

2. Data security and privacy

The past year has seen a huge increase in concerns about data security and privacy – from 5% to 42% in the Speechmatics survey. This could be due to mistrust following media portrayal of ‘data-hungry’ tech giants. It could also be a result of more day-to-day conversations happening online when the coronavirus pandemic led to an explosion in remote working.

3. Deployment

Deploying and integrating voice technology – or any software, for that matter – needs to be simple. Whether a business requires deployment on-premises, in the cloud, or embedded, integration needs to be easy to do and secure. Without the appropriate support or documentation, integrating software can be time-consuming and expensive. It is, therefore, important for technology providers to make their deployments and integrations as frictionless as possible to avoid this barrier to adoption.

4. Language coverage

Many of the leading voice technology providers have a gap when it comes to language coverage. Most providers cover English but, when global businesses want to use voice technology, the lack of language coverage provides a barrier to adoption. When providers do offer more languages, accuracy is often still an issue when it comes to accent or dialect recognition. What happens when an American is speaking with a British person, for example? Which accent variation is used? Global language packs, encompassing a variety of accents, solve the problem.

What are the likely speech recognition challenges in the next 5-10 years?

Risks for speech recognition technology in the next 10 years.

Overcoming the speech recognition challenges around data privacy

Data privacy will continue to be a concern in the future of speech recognition, according to 95% or survey respondents. But there will be ways to overcome data security issues: Overcoming speech recognition challenges of data security 1. On-premises deployment

On-premises deployment of voice technology enables users to keep their data secure within their own environments – with no need for data to go into the cloud. It is often done using virtual appliances or containers so they can be deployed effortlessly into existing technology stacks. This is particularly important for industries such as banking, financial services and insurance where compliance and regulatory issues mean customer data and voice data cannot leave their premises. 2. Dark site environments

Typically, when deploying an on-premises solution for voice technology, businesses are required to connect to the public internet for licensing. Offline licensing is supported in dark site deployments – meaning all work is completed within an organization’s private environment. This delivers a more robust solution for compliance and data privacy needs. 3. Cloud deployment

Private cloud deployments are secure enough to keep data safe for lots of applications. If cloud deployment security is good enough for the business and use case needs, cloud deployment is often the preferred option due to low operational cost and less complexity. Want to know more about how to overcome speech recognition challenges? For more information – and the full survey results – download Trends and Predictions for Voice Technology in 2021.