This is an idea for Google Labs: Google Dialog.
The service would transcribe audio into text. Google could accomplish this by expanding their Google Voice to Text technology to further recognize and distinguish voices of individuals rather than just considering it all just one person speaking. I use Google Voice as my voicemail currently and quite rarely do I have no clue what the voicemail is about after reading the transcription. Nonetheless, I would expect this service to be better at going from voice to text. It might be a good idea for Google to acquire Nuance Communications (Dragon Dictation and Search apps maker) since their voice to text is quite accurate.
Some application of this service:
- Hearing impaired individuals
- YouTube video/audio translation
- Podcasts translated
- Phone calls or conference calls
- Phone calls or conference calls (with approval obviously)
- Movies in different languages
- Live Speeches
- Live Presidential Debates
- Recordings that people want to share as a transcript as well
There are other companies trying to develop similar technology but I believe with Google’s resources, this can be accomplished considerably faster and distributed over numerous mediums.