Whether you have a big team or a small one, Otter.ai serves as the right tool to transcribe and collaborate. Although, when storage is a consideration, a lossless format such as MP3 is also ideal. These file formats are considered high quality because they store better to equal the CD-quality audio. The best format to store audio is a lossless format such as WAV, FLAC, or AIFF. Unlike MP3, MP4 is a container format that supports video, subtitles, and other text alongside the audio. The difference between MP3 and MP4 is that MP3 is an audio-only file whereas MP4 is a video file format.
What is the difference between MP3 and MP4 files? Yes, MP3 is generally an audio-only file as the format cannot support video or imaging. iTunes and Windows Media player comes bundled with their respective OS, but you can also use other audio players such as VLC to open MP3 files. In a Windows computer, MP3 files can be opened on Microsoft Window Media Player, and in macOS, Apple iTunes.
Most audio players support and can open an MP3 file. MP3 is commonly used to record meetings, podcasts, lectures, and audiobooks. It's often referred to as the lossy format because there's always some loss of original data. MP3 (MPEG Audio Layer III)is a compressed file format. It’s ideal for dictation, record-keeping, and transcribing meeting recordings. Otter.ai takes about five to six minutes to transcribe a 15-minute audio file and the transcripts are pretty much accurate except for the minor details. Otter.ai MP3 to Text ConversionĪutomated transcription tools such as Otter.ai are an excellent choice when you need the transcript immediately and can run a quick edit. On the other hand, a transcriptionist won’t transcribe audio on the spot, and you will need to wait for some time to get the final text. Transcriptionists usually take one hour to transcribe 15 minutes of audio and charge about 75 cents to $1.50 per minute of audio. Manually transcribing audio can take hours depending on the experience of the transcriptionist, how fast (s)he's typing, the number of speakers, and how fast the speakers are talking. Human transcription is a good option when you want accurate results and have a flexible budget and timeline. The choice between hiring a human or getting a machine is not simple, and the same goes for human versus speech-to-text transcription. Machines are becoming more and more efficient every day, but with them, there are always limitations. Human Transcriptionįrom Siri to Roomba and even self-driving cars, there’s no shortage of human versus machine examples around us.
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