Voice Recognition: popularity, main factors, trends, challenges and key vendors.
Beyond a set of challenges related to the lack of accuracy in voice
recognition systems, it is encouraging to observe that, this technology has
become very popular in mobile banking, and in the Healthcare industry.
Mobile banking requires identification of authenticated users by their
spoken commands to help them make transactions.
When it comes to Healthcare industry, Voice recognition helps in improving
efficiency by reducing the time taken for notes and filling out charts for
patients. Also, this helps in dictating notes and improves time saving for
diagnosing and treating patients.
For those who unfamiliar, Connectikpeople.co recalls that, Voice
recognition is a software that has the ability to convert and decode human
voice into speech easily understood by a computer. It is an ability of a
machine to receive, understand, and dictate the spoken commands.
Voice recognition is used inter alia for biometric security purposes to
determine the voice of a particular person to grant or deny access.
According to Research and Markets the Biometrics segment is witnessing a
high demand for speech recognition applications because of the rise in
fraudulent activities globally.
''Also, the vendors in this segment are developing cost-effective and easy-to-deploy ASR applications''.
Key Vendors include :
