| Small & micro cap project / Activism insight
Tools for buy-side professionals: Transcription apps used by NY times journalists
A high-quality transcription software is useful for buy-side professionals for two reasons:
(a) Scuttlebutt research or conference/trade-show notes
It is a known fact that you can talk a lot faster than you can type. But still we prefer to type. The reason is simple – an audio file is not ‘searchable’ and takes plenty of time to listen to. It would save a lot of time if a fund manager or analyst could take audio notes after a scuttlebutt call or a conference call/meeting rather than typing the entire notes.
(b) Useful during general research
While doing research, you may encounter an audio/video file – it could be a company earnings report, a conference call, a CEO interview or an industry commentary. Listening to the entire audio file may be incredibly time consuming, and it may be a lot easier to read a transcript.
Here are the options-
(a) Automatic / computer-generated transcription
(b) Human-generated transcription
1. Automatic/computer-generated transcription
Eric Lipton, an investigative reporter at the NY times uses Trint for transcription.
“Then if I need a quick rough transcript, I upload it to Trint, by far the best automated transcription service, at $15 for each transcribed hour of interviews. Within minutes, I can have a relatively clean transcript of an interview.”
Erin Griffith, a NY Times journalist, uses Temi for transcription.
“To transcribe interviews, I use Temi, a service that relies on artificial intelligence. The quality is not great, but it is very cheap.”
2. Human-powered transcription
a) Rev app
The turnaround time is 12 hours. With over 50,000 professionals, the company provides a 24/7 transcription service.
Conor Dougherty, an economics reporter at The New York Times, uses Rev app for transcription.
“I also interview a lot of people and lately have developed an expensive addiction to transcription apps. I’ve tried several, but the one I use the most is Rev. – Source
Unlike Rev, Scribie’s turnaround time is 36 hours. They also have an automated service. Link: https://scribie.com/
65, Sakhi Garden, 2nd Cross Street,
Okkiam Thoraipakkam, OMR, Chennai, India
Copyright by Snowball Research / March Intelligence Research LLP. All rights reserved.