Similarly, health care companies need to take into consideration HIPAA data security rules when looking for a voice recognition software. Buyers operating in the financial industry need to take into consideration existing customer service tools as well as rules regulating the storage and transfer of financial data. Refining your software search to industry-specific tools may be beneficial if your business requires certain security standards or a comprehensive software suite. Some voice recognition tools are used primarily for their speech recognition component and are implemented in products that feature voice commands. The transcription data does not have to be used as text, however. This information can then be presented in the form of a document or inside of an editable text box. Most of these products will transcribe the spoken word, in real time or from an audio file, into data or text. Voice recognition software, also called speech recognition software, can be thought of best as intelligent transcription software.
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