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Language barriers pose a significant challenge in international professional face-to-face setups, especially when trying to put ideas forward, reach an agreement or achieve effective communication in spontaneous, non-event-like scenarios. As multilingual conversations unlocks benefits, including increased productivity, improved collaboration, and faster decision-making, the need for seamless real-time translation is more critical than ever.

In business, effective communication is the cornerstone of success. This is true whether you’re in a high-stakes meeting, pitching to investors or meeting with your team. However, communication is challenging in multilingual settings where language barriers can lead to misunderstandings. 

Companies have traditionally defaulted to English when participants don't speak the same language. In-person interpreters and remote simultaneous interpreters are primarily used at high-stakes meetings or big conferences because, while effective, these solutions take time to organise and can be expensive. Fortunately, we’ve entered a new era where AI-driven technology has made language translation more accessible and affordable for businesses of all sizes. 

Interprefy AI is a cost-effective and scalable AI speech translation solution that offers real-time translations for businesses and organisations in multiple languages. Designed to deliver seamless, cost-effective, and fast-to-deploy live translation, it enhances the inclusivity and reach of events and meetings, making them accessible to a diverse, international audience.

In this article, we explore the benefits of using Interprefy AI for your events. Let’s start by unpacking the technology and approaches that make Interprefy AI such a leading language solution. 

Want to understand what makes one speech translation solution better than another? Consider the words ‘except’ and ‘accept.’ Though only a couple of letters apart, their meanings are entirely different. ‘Accept’ means to receive or agree to something. ‘Except’ means to exclude something.

But what happens when a speaker sounds like they’re saying ‘except’ when they mean to say ‘accept?’ Here, a professional interpreter will use context clues, training, and experience to provide an accurate translation. This precision is key, as even the smallest translation changes can lead to miscommunication. 

With so many cost-effective AI tools on the market, you may be wondering if AI tools are precise enough to pick up on the differences between ‘except’ and ‘accept’ — even when the speaker is mumbling or has a strong accent. The answer is complex.

This article explores the current capabilities of AI. By the end, you should be able to make an informed decision on whether AI speech translation is right for your meetings and events. We also share the factors you should consider to find accurate and precise AI tools.

In a rush? Side-by-side interpreters and AI speech translation usage infographic at the bottom of this article.

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.