8 Best AI Transcription Software for 2023 (Ultimate Guide)
Last Updated on January 24, 2023
Remember the days when you would ask, “who would like to volunteer to take today’s notes?”. And everyone ducks behind the person next to them. Or maybe you had to have your administration staff sit in meetings just to take notes.
Thankfully-those days are as over now that AI transcription software is here. And the new age of technology does more than just transcribe your audio.
With speech-to-text transcription software, you can now:
I’ve spent hours testing the most popular transcription software, so here’s an overview features, pros, and cons of each platform so that you can feel confident when it comes to choosing transcription software that will be the perfect fit for you or your company.
Table of Contents:
What is The Best AI Transcription Software?
Great All-In-One Transcription
Otter AI is one of the most popular transcription softwares on the market, and after spending quite a while testing it out, it’s pretty easy to see why. You can check out my full Otter in-depth review, where I’ve detailed with photos how everything works.
In a nutshell, its transcription services offer everything you could possibly need when it comes to transcription software. According to their founder and CEO, Sam Liang, they have utilized artificial intelligence to smartly understand conversations by minimizing background noise and understanding different accents.
Otter.ai Features Include:
Otter.ai honestly offers everything you could need, making it one of the best.
Otter.ai Pros and Cons
The pricing is astonishingly affordable. For everything it does, I think they could have charged higher. Their free version even gives you 300 free minutes per month to make sure you love the product before you buy it.
If you’re looking for a professional, all-in-one transcription service to help you with all your meetings and transcribing needs, then Otter AI is a great choice.
Awesome For An AI Assistant
Fireflies.ai another company offering more than just automated transcription services. They’re on a mission to integrate artificial intelligence to the fullest– starting with their upcoming AI extensions that have launched this month.
You can ask their AI assistant “Fred” to help you with a ton of tasks during your meeting. No need to make your assistant sit in on the meetings anymore.
Pros and Cons of Fireflies.ai:
For only $29 a month, you can get unlimited transcription and storage with the business plan.
Fireflies are revolutionizing productivity with its advanced AI tech, demolishing barriers, and setting new standards in the business world. If you’re okay with not having a mobile app, Fireflies is a great option.
Transcribe and Translate
In a global economy, many professionals are looking for a transcription service that can translate and relay their message in multiple languages. That’s where Sonix AI comes in– automated speech recognition meets automated translation.
Used by big names like Uber, Google, Adobe, and IBM, their automatic speech recognition is clearly world-class and a trusted entity when it comes to audio to text translations.
Sonix.ai Pros and Cons:
You’ll pay for usage starting at $5 dollar an hour. If you’re an enterprise, you would likely get a custom quote through them.
This is a transcription software for industries that need a reliable software to transcribe and translate any audio or video file into written text.
Make Your Meetings Productive
Airgram is another transcription service that sets itself apart from the rest of the market by focusing on the entire meeting and notes lifecycle: prepping for the meeting, transcribing audio during the meeting, and reviewing the transcript after.
It accomplishes this by starting off with meeting templates that you can customize and share with your team. This allows your upcoming meeting to be as productive as possible.
It then creates automated transcriptions during your meetings, similar to the competition.
Post-meeting, you can then organize and create actionable tasks for your team to meet before the next meeting.
Here’s a Quick Glance of Airgram’s Features:
Airgram Pros and Cons:
You pay for how much you use. If you’re a large company, 100 recordings per month would cost closer to $80 per month.
This is one of the best transcription services for small businesses that are looking to maximize their meeting productivity. It misses some of the bells and whistles of others, but if you don’t need that, then Airgram is a great option.
Great Budget Option
Like the competitors discussed before it, Tactiq is a transcription service that hits all the essential services like real-time transcription during virtual meetings, speaker identification, timestamps, and attendance. It accomplishes all this by utilizing the latest GPT-3 technology to help you get the most accurate transcripts.
It accomplishes this primarily through a Chrome extension that your Team members can easily attach to their browsers.
Tactiq Pros and Cons:
There’s a great free option that lets you transcribe up to ten meetings per month. The pro plans are very affordable at $16 per month.
If you’re looking for an affordable speech-to-text platform that will transcribe, summarize, and give you an actionable to-do list, then Tactiq is a great option for you.
Great for Repurposing Content
Are you looking to transcribe an audio file such as a podcast, Youtube video, or social media? Many people are looking for this service to help make their product or services searchable in a world of so much video and audio content.
And this is where Trint delivers. This tool has been used by major media outlets, universities, and brands boosting its credibility.
Features of Trint:
This will be one of the more expensive options, but with the accuracy and closed captioning capabilities, you get what you pay for.
If you’re looking for a transcription service to use with multiple languages and closed captioning capabilities for converting social media and videos, then Trint is worth looking into.
Transcription for the Professionals
Rev is a household name when it comes to automatic transcription- and they pretty much do everything you need. This site is really for the pros- those that need professional services for films, content, or anything else you need.
The most expensive of the group as you’re getting a professional service with the highest accuracy and be paying per minute.
This is one that’s for professional transcription services for things like films that need the highest level of accuracy.
Notta is another automated transcription service that shines thanks to its usability– you can either use the Notta web, download the Chrome extension, or download the app to gain access to its features.
It converts audio to text quickly and then quickly shares/export your meeting minutes in a few clicks. They make it easy to edit the transcriptions.
Features of Notta:
Businesses with 99 members will expect to pay a bit more.
If you’re looking for transcribing software for your company across many mediums (phone, app) that also will translate in a few languages, this is a good choice.
What Is A Transcription Software or Transcription Services?
Transcription software is an automated digital tool that enables users to convert audio recordings into written text, providing a fast and accurate way to transcribe speech.
It’s said that, on average, the majority of employees spend between four to twelve hours a week on meetings. And we all know how “productive” these meetings end up.
So what if there was a way for a bot to attend and take notes at the meeting for you? That’s just one of the few ways that speech-to-text software is helping with employee productivity.
Here is another list of things to look into when searching for the right transcription software to meet your needs:
Frequently Asked Questions
What is the Most Accurate Transcription Software?
At this time, there’s no way to say one is more accurate than the other, especially when it comes to more technical niches like medicine. However, Otter AI and Fireflies have worked very accurately.
Is There Automatic Transcription Software?
All of the software today is pretty automatic. Simply give them the URL of the virtual meeting or hit record in a live meeting, and they can get the job done for you.
Is There a Program That Will Transcribe Text To Audio or Video File?
Nearly all of the options listed above with
What’s the Best Free Transcription Software?
It really depends on what you’re looking for, as nearly all of the audio and video transcription programs offer a free option with limits. I would recommend trialing several of them to see which offers the features you’re looking for.