Learning Area

Global cooperation plays a crucial role in stimulating economic development. Within the finance and insurance sectors, multilingual meetings and events play a vital role. These events serve as a crucial platform for negotiations, boosting productivity, and nurturing partnerships among industry stakeholders.

As global events unfold, language accuracy is vital for accommodating a diverse range of stakeholders, including co-workers, customers, investors, and institutions. At the same time, failure to understand technical and financial terms creates a meeting experience that is as frustrating for the speaker as it is for the participants. Even worse, translation issues can lead to miscommunication, potentially stalling agreements or even breaking them. Within such a delicate industry, this can have severe implications. Especially as multilingual communication is essential for ensuring team collaboration as well as facilitating effective communication between investors and customers across different countries.

In this article, we briefly unpack the challenges and benefits of hosting multilingual events before exploring steps that finance and insurance companies can take to source the right language interpretation solution. One that leads to successful, stress-free, and accurate multilingual events. 

Are communication barriers hindering the success of your business? If so, you’re not alone. Many international finance corporations are in the same boat. These organisations face the challenge of crucial information being lost in translation, mainly due to the different linguistic backgrounds of their team members.

For many businesses, expanding into new markets is the key to growth. However, as you move into other regions, partner with suppliers, and draw from the global talent pool, language barriers will undoubtedly emerge. Language issues remain a persistent problem for many organisations. As a Forbes Insights and Rosetta Stone Business report reveals, more than 100 executives at large US businesses find that language barriers have a “significant impact” on business operations. 

Did you know that women involved in rear-end car crashes are three times more likely to suffer whiplash injuries compared to men? There’s a reason for this. According to a BBC report, the crash test dummies used to simulate car accidents are nearly all built to reflect the average male build and weight. This means that, in most cases, car safety is optimised for men to the neglect of 50% of the population. 

Effective communication across languages is crucial for successful collaboration and understanding in our interconnected world. Language barriers pose a significant challenge during in-person meetings, conferences, and events where participants come from diverse linguistic backgrounds. However, not every organisation has the financial resources to afford traditional in-person simultaneous interpretation services.

In this blog post, we'll explore innovative and cost-effective alternatives that can help bridge language gaps without breaking the bank.

With the rapid advancements in AI technology, real-time translation of meetings or event speeches is now possible through AI-powered speech translation solutions. This is a domain that was once exclusively occupied by simultaneous interpreters, leading to the question: what sets the two apart?

Medical innovation thrives on multinational collaboration and knowledge sharing. Within the medical and pharma industry, multilingual events play a key role in facilitating conversations, enhancing scientific knowledge, and fostering partnerships between industry players. 

As global events, language accuracy is vital for accommodating a diverse range of stakeholders including researchers, scientists, healthcare professionals, investors, and regulatory authorities. At the same time, inaccurate translation of technical and scientific terms creates an event experience that is as frustrating for the speaker as it is for the audience. Even worse, translation issues can lead to miscommunication, potentially leaving event attendees misinformed on the latest developments. Within such a stringently regulated industry, this can have severe legal implications. Especially as multilingual events are essential for ensuring compliance with local regulations, as well as facilitating effective communication between regulators and industry professionals across different countries.

In this article, we briefly unpack the challenges and benefits of hosting multilingual events before exploring steps that pharma and life science companies can take to source the right language interpretation solution. One that leads to successful, stress-free, and accurate multilingual events. 

Language barriers can be a significant obstacle when it comes to effective communication. Booking interpretation services can be a valuable investment to overcome these barriers and facilitate seamless communication. However, their cost can sometimes be a deterrent, that's why we've compiled six practical tips to help you save money when booking interpretation services, without compromising on quality or accuracy.

Implementing these strategies can help you maximise your interpretation budget and make the most of your investment. Let's dive into them so you can save costs while ensuring high-quality interpretation.

Thanks to online meeting platforms like Zoom, Teams, or Webex, connecting with colleagues, peers, clients, or partners across the globe is now easier than ever. However, language barriers can still hinder meeting success.