The contact center as a service (CCaaS) industry is on the cusp of significant change with the advent of Speech Intelligence, which combines artificial intelligence (AI) innovations with automatic speech recognition (ASR). This technology has the potential to revolutionize the sector by providing highly accurate transcription, interpretation, translation, automation, and pattern recognition capabilities. By leveraging ASR, CCaaS product teams can build valuable features such as AI routing, automated compliance requirements, analytics, and reporting, ultimately improving customer experience and agent working environment. The use of Speech Intelligence can also support innovative features like real-time transcription, keyword recognition, and language translation, making it a competitive differentiator in the market.