There is still a largely untapped market of at least 60 million potential subscribers to the voice to text service in the UK, according to VoxSciences. The company intends to offer an economical and quality alternative to the existing UK supplier, SpinVox.
Using its VERBS (Virtual Engine for Recognition of Basic Speech) engine, Voxsciences’ voicemail to text service saves subscribers time and money otherwise spent dialling in and laboriously listening to their voice
messages.
Technology entrepreneur Ken Blackman, who has taken several tech companies to M&A or IPO over the last 25 years, is funding the initial start up of VoxSciences. Blackman predicts a similar trend now as users choose to leave traditional voicemail services for more efficient, convenient, and immediate alternatives.
He explains: “In a period of economic downturn any financial saving to the consumer is attractive. With the recent advance of voice recognition software there is far less need for consumers to dial into their phone operators to pick up voice messages. Furthermore, listening to voicemails when abroad can be even more inconvenient and expensive. Subscribers will benefit from immediacy and lost cost options simply by switching to VoxSciences to convert these messages to text”.