– New research shows that 94% of multilingual event planning professionals said they would consider using AI as part of the live translation services at their events. –

New research announced today has revealed that an overwhelming majority of event planning professionals (94%) said they would consider using AI as part of the live translation services at their events.

However, as it stands for the moment, in-person professional simultaneous interpretation is THE most popular translation service used by 70% of multilingual event planning professionals.

AI-powered speech translation is a close second at 67%, which shows that event planning professionals are already considering which technology is best suited for the event they are organising.

These results are part of an exclusive report published by Interprefy, the multilingual event technology and services partner that surveyed the views of 1000 key decision makers in events, marketing, and project management positions for multinational companies around the world.

The market value of the AI/ machine translation industry is predicted to reach $3 billion by 2026/27. This shift has been fuelled by the adoption of hybrid working and the acceleration of organisations seeking out employees and freelance teams across the world.

Source: https://www.eventindustrynews.com/

Full article: https://www.eventindustrynews.com/news/is-ai-powered-speech-translation-the-future-of-multilingual-events