Speech-recognition business
Thursday, July 29th, 2010A co-worker sent me a link on the speech-recognition business this morning. What’s interesting is how Nuance has bought up most all of the competition in an effort to snuff out any additional innovation beyond Dragon Naturally Speaking software. As the article indicates, the biggest player against Nuance is the Microsoft Speech Engine.
The interesting part will be to see who jumps on the bandwagon with Nuance and who will step away for seemingly better innovation and development. Nuance has become a monopoly, yes, but they are really not the only game in town. Philips shifted their competitive edge my selling only equipment for speech recognition software, so they were smart by recognizing where the winning game is played.
Nuance’s likely hurdle will be with support. They are pushing the glowing product of speech recognition software and leveraging advertising and accuracy. Well, at the end of the day, it comes down to usability and integration. Take for example the medical industry - sure, Nuance might sell a program that integrates as a dictation system into whatever the clinic or hospital is using, but how integrated is it really and at what cost?
I say we not put all our eggs in one basket.
