How Accurate Speech-to-Text Can Boost Revenue for AdTech Platforms

The world of advertising is experiencing a prosperous period with internet advertising valued at $438 billion in 2021 and expected to grow at a CAGR of over 9% until 2030. To optimize ad placement, Adtech Platforms must consider using AI transcription, which has become the most time and cost-efficient way to improve accuracy. Speechmatics offers a global solution with support for 48 languages, enabling platforms to tap into emerging economies like India and China. The company's speech-to-text technology includes innovative features such as Custom Dictionary, allowing brands to locate specific words in context, and faster processing times of hour-long files in under 5 minutes. With various deployment options and data safety standards, Speechmatics provides Adtech Platforms with the tools to differentiate themselves and stand out from the crowd.