Transcription usually involves conversion of audio files to a written format. This may be done by use of transcription software or by the aid of a transcriptionist. In most cases the quality delivered by a transcriptionist is much higher than that of transcription software. This is mainly due to the fact that humans are better at listening to variations in tone and are much suited to picking up different accents.
In the modern world people like to keep records of everything. Keeping good records in a business has proved to be a vital strategy in analyzing performance, keeping ahead of the pack and planning for the future. Many organizations today are equipped with audio visual equipment which enables them to record conversations and note down key points during meetings. Conversion of these recordings is what is known as transcription.