Not - that's what doctors are saying, speech recognition applications is 60% precise and discerning human ears are not 99% imperfect, the 39% gulf between machine and man will take quite a long time . So until machine can match guy, sound-to-text conversion will stay in the realm that is human.
another name to it, is providing employment to a lot of people all over the world, for example in the US it's estimated to be a $10.6 billion business. In Philippines or India the service is being provided by many businesses online, and professionals in US have now been soliciting services from these nations due to the low wage labor accessible in these states.
In India for instance, home have high speed internet transcribe audio to text access and many are supplying services for sound-to-text conversion to multimedia professionals and physicians, lawyers.
Indians are being used by many physicians in the US . The primary criterion for selecting them is the low pricing of 8¢ to 9¢ line. In comparison 15¢ to 16¢ a line is charged by the medical transcribers in US. The pricing is only one facet of selecting foreign transcribers, the zonal time difference is another thought media professionals and physicians profit from.
Since India has a substantial English speaking work force, the quality of sound-to-text conversion is not as bad as any US firm supplies.