What better topic to cover first than the Future of voice recognition technology. Voice or speaker recognition technology is defined as the ability of a machine or program to receive and interpret dictation and speech or to understand and carry out spoken commands. So what can we use it for at the most basic level we can use it for authentication and identification our voice is unique to each of us it is becoming increasingly crucial in speech-driven command applications it’s also critical in providing more self-service and self-certification opportunities for customers and consumers alike. The future of Voice Recognition technology is looking bright because of the sudden growth of it after this pandemic.
According to a visa survey, it will soon be as effective a tool for customer retention and acquisition as it will be for cost reduction and fraud prevention. Voice recognition technology is improving every day and soon in the future, it will be a dominant force in our interaction with technology.
The future of technology really is voice Recognition. Giving people instant access to take part in the new era of audio we are paving the way for social audio and hope you are as excited to join us on the journey.
So, What has your experience with voice technology being like to date do you prefer voice interaction when you deal with a machine or when you talk directly with another human like you do here.
In 2007 steve jobs disrupted personal computing when he introduced a mobile touchscreen computer that fit in your pocket. Now we are entering a new era where we are bypassing screens. This is the era of voice and the fight is on to own this new operating system and app ecosystem that comes with it
Currently, 35% of US households own at least one smart speaker and that number is set to reach 75% by 2025. This is fueling voice-enabled commerce which is expected to be worth more than $80 billion per year by 2023. So it’s no surprise that the six largest companies in the world Microsoft, Apple, Amazon, Google, Facebook, and Alibaba are all investing billions in improving their voice-enabled AI assistance. How good the future will look, like when you did any work only through your voice which is possible only because of Voice Recognition Technology.
What’s really interesting about voice is that the user experience is much more streamlined than other platforms and this makes it incredibly powerful but also susceptible to manipulation. A smart voice assistant will answer your questions directly and accurately without listing off a laundry list of answers this straightforward and accessible user experience comes at the expense of choice transparency unlike with screen enabled experiences users don’t want tons of options to pick from they want one correct answer for what they’re looking for and this is where the problem arises the voice assistant is entrusted with an incredible power to influence and decide what that one response is. Oftentimes the tech companies behind these assistants optimize the results shown for their personal gain.
When you ask Amazon’s Alexa assistant to buy light bulbs, it will naturally direct you to amazonbasics lightbulbs since amazon has the highest profit margins. In the Future of Voice Recognition Technology, This fundamentally disrupts the traditional commerce experience which centers around brands packaging reviews and advertising instead of the voice platform you use plays the role of kingmaker for anything you search, whether you ask your assistant to buy batteries or play smooth jazz it ultimately gets to pick which batteries to purchase or which song to queue up and that’s incredibly powerful.
As smart assistants become increasingly capable of doing everything from making payments to opening garage doors its clear voice isn’t merely a fad. It’s the responsibility of tech giants creating these voice assistants to be thoughtful in their approach as they define the user experience for this next frontier of computing. With these, we come to the end of the Future of Voice Recognition Technology.
The growth of voice search shows how is the Future of Voice Recognition Technology?
Currently, 35% of US households own at least one smart speaker and that number is set to reach 75% by 2025. This is fueling voice-enabled commerce which is expected to be worth more than $80 billion per year by 2023.
The six largest companies in the world Microsoft, Apple, Amazon, Google, Facebook, and Alibaba are all investing billions in improving their voice-enabled AI assistance.
According to the GOOGLE, more than 20% of searches come from Voice. After the pandemic, the quantity of voice search increases a lot.