Revolutionizing Healthcare Efficiency During COVID-19
The South Asian Association for Regional Cooperation (SAARC) is leveraging speech recognition software to streamline healthcare processes amid the COVID-19 pandemic. Hospitals, facing budget constraints, are adopting speech recognition tools to reduce unnecessary overheads and enhance remote services. This technology not only aids in providing efficient healthcare services but also assists individuals with mobility and visual impairments, making it an invaluable asset in the fight against the ongoing pandemic.
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Intelligent Virtual Assistants Expanding Horizons in the Post-COVID Era
The demand for speech recognition software has witnessed a surge, especially in industries like banking, finance, and retail, where remote services have become imperative. Products such as Google’s Alexa and Siri are driving growth opportunities for intelligent virtual assistant vendors. The market is expected to skyrocket from an estimated value of US$ 2.9 Bn in 2020 to a projected US$ 50.9 Bn by 2030. Text-to-speech (TTS) technology is gaining traction, with applications ranging from network services to motor vehicles, wireless devices, games, and toys.