Calculate the ROI of Funtranslator

Manual Transcription

Generally, manual transcription of audio and video takes 4 hours of work for every 1 hour of recorded media.

Manual Analysis

Manual analysis, theme identification and insights generation can take between 2 and 8 hours per hour of recorded media. In this calculator, we use 4 hours. We consider one researcher at $75 USD per hour in this calculator.

AI Transcription & Analysis

Because Speak is powered by AI, transcription is automatic and comes back in seconds. And, while some human oversight is required, Speak's flexible analysis with automation built in, human work is reduced by 95% or more. In this calculator, we use a 0.3 ratio or 18 minutes per hour of audio or video for analysis and insights generation.

Professional Transcription

If you require professional transcription, this can add an additional cost which is generally $120 USD per hour of recorded media.

Calculation

With that in mind, the general cost per hour you can save is $137 USD. We use all of this to calculate your total cost savings when using Speak over manual processes.

In almost all of our calculations and work with customers, we see time savings of 95% or more and cost savings of 75% or more!

Average Reading Speed

Academic and market researchers typically read at a speed of 200-250 words per minute when analyzing text for themes. However, for detailed analysis involving coding or thematic analysis, this rate may drop significantly. For our estimate, we use 100 words per minute, as the task involves careful consideration of themes and content.

Analysis Time

In addition to reading, the researcher must categorize themes, which can vary widely depending on the complexity of the text and the familiarity of the researcher with the subject. A rough estimate is that coding or thematically analyzing the text might take twice as long as reading it, leading to a total of 3 minutes per 100 words.