Reasons Why Voice Recognition Is the Future
Who knew a day would come when people would be talking to the machine! This only happened in science fiction movies. But now, it has become a reality thanks to the advancement in technology. Today, a lot of voice recognition devices have surfaced, like Alexa and Siri. And people are using them more actively than ever before. After all, these devices can perform a lot of tasks for you. For instance, if you want to dial the Spectrum customer service phone number, you can just simply command the device to do it for you. And it will do just! Hence, it could be said that such devices are actually making human lives much simpler.
3 Ways How Voice Recognition Will Change Your Lives
Over the years, voice recognition has seen a lot of improvements. Almost every household is now relying more on AI-enabled virtual assistants and smart speakers. When the technology was first introduced, there were issues with it, and people weren’t fully able to make it function. But now times have changed. With that said, there are three reasons why voice recognition will change your lives:
#1. Triggering a Multi-Industry Disruption
The most important benefit of voice assistants is that people can simply talk to them. And it is much more convenient than using your smartphone or the computer. Voice recognition can help improve the communication between the brand and the consumer. This tech will allow a greater degree of personalization which will lead to increased customer satisfaction. And guess what? This is already happening. In fact, Google reported that almost 58% of the people use smart speakers to assist them with shopping. Judging by this finding, it is safe to say industries like e-commerce will continue to boom.
Voice recognition technology is not only used for shopping. Instead, there are other industries such as education and health that are also gaining immense benefits from this tech. You see, Alexa can easily help patients who have dementia. Similarly, Google Assistant can be used to enhance learning for young children.
#2. Taking Over the Consumer Market
You will be surprised to know that some of the biggest tech giants such as Amazon, Google, and Apple are all spending millions on the development of virtual assistants. This is because these companies know that these devices will unlock more growth opportunities for the businesses. As these companies continue to work towards making voice recognition technology more sophisticated, you can expect the functionality of such devices to improve drastically. And when this happens, it will open opportunities for many untapped industries. And consumer companies will be able to prosper. But how, you wonder? Well, they would develop their services and products based on the voice recognition architecture.
Voice technology will be empowering many industries. In fact, it is predicted that the market size for voice recognition devices is expected to cross $27 billion in 2026. Therefore, it can be said that this tech will quite easily take over the consumer market in the future.
#3. Introduces A New Privacy Paradigm
Voice recognition technology has a lot of potential. As stated above, it can help improve business operations and can make the human-machine relationship more meaningful. However, truth be told, many people are concerned about their privacy. There are many malicious actors who are responsible for data breaches and cyber-attacks. But brands are taking steps to prevent this from happening by developing voice recognition devices that can work locally. This way, the data will not be transferred to the cloud, ensuring safety to the consumers.
One thing you need to understand here is that companies will have to earn something from the smart speakers that they are selling. And one way that they can do that is to lock consumers into their ecosystems and then target them with voice-based advertisements. Consumers will be trading a bit of their information to get quality service. This doesn’t mean that such devices will be putting an end to your privacy. Businesses are going to be more transparent with their privacy policy, and users will have to be more vigilant about who obtains their data.
Conclusion
Voice recognition is a powerful technology that has limitless potential. Many businesses can use this tech to gain a competitive advantage others. You can expect voice devices to hold even more importance in the future. This tech will improve both personal and business experiences. And considering how many people are already using smart speakers already, it’s not hard to imagine a worldwide adoption of this tech in the coming years. It is just a matter of time before the voice recognition tech changes the world.
