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When is the Right Time to Replace Your Warehouse Management System and How?

If you notice any problems with the WMS, it may be an indicator that you may need to replace your WMS system – if you cannot keep up with the pace and scale of the broader manufacturing operation. 

Some of the problems listed are inventory management, overall warehouse productivity, order fulfillment and performance.

Your finance staff can assess how much sales, gross margin and yield was gone due to an inadequate WMS process. 

The following reasons are crucial to build a strong business case and replace your existing system.

Source: greytrix.com

REASONS TO REPLACE WMS

  • Planning within your supply chain gets interrupted or breaks down with the result of more allocations, changes in on-time delivery and more. 
  • Product quality issues from suppliers that were not detected within the preliminary warehouse assessment. 
  • Speeding up the production orders or payment of rush charges to deliver the final products as per agreed delivery dates. 
  • Yard Management fails while inventory is assembling
  • Applying and using the manual-based methods to get your warehouse levels balanced to have enough raw materials to complete the production gaps
  • The operational costs increase per distribution location
  • Affected schedules due to lack of materials in the storages
  • Previous taxonomies/classifications/nomenclatures start to fail leading to misplaced orders
  • Warehouse management becomes the primary source of cost overruns (higher costs per unit etc.)
  • Production outturns decrease with more flaws and rejects leading to gross margin reductions
Source: appwrk.com

STEPS TO BUILD A CASE FOR WMS

The following steps are important in order to build a business case for a Warehouse Management System (WMS):

Create a change management plan including C-level partners to support WMS implementation

The high-cost part of any WMS case is to change management and get staff onboard for the WMS system. It will be challenging to have supervisors or managers in production as well as every warehouse location to use it once it comes online. For each dollar you invest in software, have in mind that you will spend even to five times more on change management, training and reinforcing the value of the new WMS. 

Build a Multi-functional Team to Help 

When defining a multi functional team, you should include all relevant roles such as finance, legal, IT, logistics, sales, procurement and HR. 

These departments are important to create a strong business case. Finance team will be invaluable when designing financial statements, modeling different scenarios and coordinating operations to gain deeper insights into costs. 

Source: mobisoftinfotech.com

Define the scope and scale of your business case 

Before you arrange for a cross functional meeting, you should define the scale and scope of the case – rely on the first meetings to gather the feedback and calibrate the structure. 

It is important to understand the structure of your business case before the cross-department meeting to start building a roadmap. 

The structure of your business case should include:

Goals and Objectives

Firstly, you should define the most urgent issues that you can measure financially. Try to benchmark the losses from the issue sector and the financial performance based on the above listed signs. 

Define the scope and scale of the proposed WMS

What business needs the suggested WMS focuses on and check if there are any cross-functional aspects of WMS that should be improved. 

Summarize the requirements and define costs

Cooperate tightly with your financial department and catch the predicted costs for the new WMS based on the quotes. Additionally, calculate all the benefits and cost reduction of implementing a new WMS system. 

Finance team along with cross-functional teams will need to define the constraints and potential risks affecting the entire WMS business case. 

Define a proposed Project Plan

Make a Gannt chart along with all the necessary details included (resources, potential conflicts etc.) and meet with your C-level management – ask them for assistance in obtaining resources and engagement from other teams to get the WMS project implemented and finalized. 

Source: supplychain247.com

Summarize the Investment Benefits for WMS promotion

You should summarize the benefits via creating additional documentation for a new WMS. These documents can help you to support the proposed plan and to show potential outlines on how a new WMS can reduce costs and improve the total revenue growth and sales.  

Additionally, create a financial analysis outlining cost reduction, net gross margin and next sales over the past several quarters. Such data insights are helpful for building the business case while heading towards the new WMS. 

A good way to facilitate the implementation of a new WMS is to create a cost model which can quickly get updated on project management costs, redesign costs and costs of disrupting production. It indicates overtime labor, data cleaning and customizing WMS development. 

Make sure you invest in User Acceptance Testing within all locations where the WMS will be used. 

Source: jasoren.con

Make WMS business case the most urgent initiative 

If you make the WMS business case support the most urgent initiative it will definitely increase the probability of success. Cost reduction is one of the most urgent priorities for many manufacturers. 

Try to outline the WMS business case from a cost reduction aspect and to forecast an increase in order performance in percentages, adding it to new revenues.  A properly deployed WMS can greatly reduce overall costs (operating or not) and drive up turnout rates. 

Recap the key benefits of the new WMS from a cost and revenue aspect and show the effects of improving supply chain and warehouse once the new WMS is implemented. 

Gather C-level leaders and the Board to get approval

If you have an allied group of C-level executives or stakeholders you need to present the WMS business case to, it can be a valuable asset. 

Delegating such a task to the team builds up the probability by over 60% within previous experiences. 

If you show them the impact of WMS on top-line revenue growth, it will significantly increase the probability of success. 

Gain the Funds and start with Implementation

You should assign the Project Manager leader to be in charge of the new WMS implementation. 

Make sure that the designated Project Manager has a valid PM certification and experience in leading enterprise software implementations. 

Source: lucasware.com

Conclusion

When implementing a new WMS, align it with the most urgent business priorities to increase the chance of success. 

You should balance top-line revenue growth requirements with the need for cost reduction. 

Keep in mind that having a scalable WMS is crucial to drive new revenue growth.

5 Types of Software for Businesses in 2022

In this fast-paced society, people want instant results, and businesses need to play along with the demands. By doing so, companies can meet customers’ needs and make them happy with the outcomes.

How can businesses, no matter the size, meet the demand without compromising the quality of their product or service?

Technology is the best tool businesses can leverage to meet their needs and provide what customers ask for.

Computer software is technology that helps businesses to be more productive today. These software programs can manage different tasks and help reach their long-term goals.

Therefore, finding the right tools makes a huge difference in how a business can operate.

Source: the-next-tech.com

Why Choose the Right Software Carefully?

Every business is unique. 

That means that one software program may work for one company but not for another. If you are a small business, you cannot use accounting software that covers a large base clientele like that of a large organization.

The point is finding the right tool is necessary – it will cut down your expenses, deliver improved performance, and help make smarter executive decisions.

Keeping detailed records of client contacts or stock rotation is vital depending on what your company sells and the market it operates within. 

However, a few software solutions require commercial operations.

Source: webbiquity.com

Computer Software for Businesses

Accounting Software

Instead of spending your time doing various tasks manually, accounting software can simplify things. Even accountants will find using accounting software an efficient method.

Accounting software must have the following or one of these features:

Payroll 

It allows businesses to accurately process employees’ payroll, pay-slip, yearly bonuses, etc. It streamlines services from other software to reduce manual approach and allow more timely operation.

Payroll software programs can pay employees on time, track expenses, etc.

Tax 

A comprehensive, user-friendly, and simply implemented tax software solution may give business owners just what they need to negotiate the complexity of any country’s tax regime.

One of the most critical components of preserving business integrity is complying with legal tax duties and estimating the optimal tax result for your company.

Tax software can record your company’s expenses, manage tax computation, or link an accountant to the software.

Source: fourlane.com

Bookkeeping Software

Understanding bookkeeping is critical to making valuable business decisions for a company. When it comes to accounting software, the ability of business owners to receive important accounting information in an easy-to-use, easy-to-understand format is critical. It allows business owners to focus less on complex accounting fundamentals and more on running their business.

Quickbooks

Quickbooks can track and manage expenses, income, accounting tasks, payroll, sales tax, inventory, and more.

It’s best designed for small businesses with 4 tiers offered. It has a mobile app version to help you manage your accounting performance on the go.

  • Job costing
  • Inventory
  • Track expenses
  • Reporting
  • Estimates
  • Tax deduction
  • Sales tax
  • Invoices
Source: accounting-software.financesonline.com

Project Management Software

Another computer software that must be included on every business list is a project management software application. It provides an invaluable logistic flow of projects and tasks in an overview manner.

This sort of software enables users to organize big projects by dividing them down into individual job pieces.

Project managers can track who, how, where and why to manage the organizational flow. They can check on the progress of tasks and where resources are going.

In addition, a competent and well-organized strategy is also necessary for assuring clients that their projects will be done on time and in a professional manner.

Trello

Trello is an all-in-one project management software you can carry with you anywhere. It’s used to manage projects, improve collaboration, and enhance productivity for a faster and better project outcome.

It uses the Kanban-style of boards where you move a task to a new chapter or step once it’s accomplished. It makes managing projects and their workflow seamless. Users may create unique boards and lists with cards that incorporate files, links, checklists, due dates, and more using its simple and easy interface.

You can customize your boards with ready-made templates available. It also allows integration with other tools like Slack, Dropbox, etc.

Source: smallbiztrends.com

Communication Software

Communication is essential to all businesses of any size. It helps tackle issues, collaborate, manage projects, build relationships with customers, and more.

There is no need to go through a lengthy process of delivering a message or rely on emails at all. Now, you can provide instant messages and get answers as fast as you need them.

Communication tools are now comprehensive and allow teams to collaborate faster. It provides an efficient workflow process.

Tools for communication not only allow teams to send messages but permit video and audio calls, live presentations, sharing files, etc.

Slack

Slack is an excellent software for better communication and streamlines all project communication within the business. You can have real-time messaging, collaboration, and feedback.

You can create channels to manage communication faster per project or team. These channels can be private or public.

In addition, you can share files, schedule meetings, add third-party applications, and more. The search function makes it easy to look for a message or file. This eliminates the need to scroll through loads of chats and information. You can also mention a person to get their attention.

Microsoft Teams

Microsoft Teams is another communication tool on our list. Why? If your business uses the Office 365 software, it’s generally the best communication tool to integrate with. However, Teams can also work as a standalone application.

This chat-based collaboration platform offers more than real-time messaging. It permits audio calls and recordings, video calls, online meetings, file sharing, and integration with Office 365 and other tools.

Teams can work with a small number of employees to more than hundreds.

Like Slack, you can create channels for each department for seamless collaboration. It has fast online video calling and screen sharing that can support discussions between members. Furthermore, there is the integration of SharePoint, document storage, for file sharing.

Source: financialtribune.com

Customer Relationship Management (CRM) Software

Understanding your customers delivers a better way to drive growth and success. CRM software is a tool that can analyze customers and their interactions with them.

This tool provides crucial business insights and assistance that is linked with current and past customers, leads, etc. Identifying your data, trends, and multiple channels improves the overall operation and value of your business.

Zoho CRM

Zoho CRM is the most outstanding CRM tool. It fits any business size and makes it accessible always.

It works with businesses whether it’s in-office or remote work. Furthermore, it offers an improvement in the leads, increasing sales, and measures the overall performance of campaigns.

Zoho CRM is flexible for businesses, allowing them to customize themes, styles, reports, and forms. It’s easy to make them with the drag-and-drop feature.

Here are some features of Zoho CRM:

  • Classifies leads based on sources and filters to help sales representatives improvise on their pitch or approach to these leads.
  • Provides all details from the moment you get the lead to all the reports.
  • Tracking customer calls in a few clicks. It allows sales representatives to schedule calls and answers to satisfy customers.
  • Integration with other apps for better workflow and better collaboration.
  • Zoho mobile for easier access and faster response.
Source: syntacticsinc.com

Time-Tracking Software

Time-tracking software is for managing time and documentation of work performance. As time is a crucial source for businesses, time-tracking software can help employers check if employees are working on their tasks.

Time management software can track employees’ time and performance which help see areas of your business that need more time.

Time Doctor

Time Doctor is an application that monitors the activities of employees. It offers multiple services from payroll and project management. So, everything is integrated to help managers easily check on tasks, payments, and projects accomplished.

It monitors both the mouse and keyboard activity, getting screenshots at different intervals, and confirms employees are working on a task.

Other features of Time Doctor

  • Distraction alerts: It sends users alerts informing them they have gone off-track on their task.
  • Email notifications: Managers receive notifications or alerts regarding performances. These notifications can be customized depending on some triggers.
  • Works on multiple devices or operating systems.
  • It allows offline tracking.

These are the crucial computer software programs that businesses should have to help them with their tasks and improve their productivity. There are other software programs too, but it depends on how the business operates.

There is a wide selection of software for digital marketing, website building, online payment, cybersecurity, etc.

Source: macupdate.com

Conclusion

Knowing your business is the first step to identify the software your company may need. 

If you are familiar with what can help your business, you can now proceed to find a tool for that concern.

You don’t need the most expensive software for your business. Instead, look for one that offers the features that cover your requirements and allow you to adjust your premium plan as your business grows.

5 Ways Big Data Is Transforming the Real Estate Business

Businesses across different industries are leveraging Big Data – that is huge volumes of data collected from search engines, social media, and other non-conventional sources –  to bring improvements in many business aspects. 

With Big Data analysis, businesses enjoy streamlined resources management, increased operational efficiencies, growth opportunities, expedited and smart decision-making, and optimized product development among other benefits. 

It is no different in the real estate sector, the transformation is clear. Companies, investors, sellers, and buyers are embracing Big Data using this type of data to build algorithm models and predictive analyses to remove the guesswork. As a result, they are reaching predictions that are more accurate. Moreover, these predictions are bringing several benefits to the stakeholders. 

Here are 5 ways leveraging Big Data is revolutionizing the real estate industry.

Source: codeburst.io

1. More Accurate Property Evaluation

When introducing property in the market, pricing it correctly is crucial in the real estate industry. Real estate professionals often relied on their expertise and experience to manually appraise a home. This meant performing a comparative market analysis based on factors such as the proximity to schools, institutions, and other amenities as well as the prices of other properties in the neighborhood.

However, Big Data and AI are allowing these professionals to evaluate properties more accurately based on the current trends and other additional information. Unlike manual appraisal which compares just a few properties, big data can analyze thousands of similar properties. Big Data gives better insights into the market to help evaluators understand the markets in-depth. 

In addition, Big Data technology helps remove inconsistencies brought about by dependency on many data sources. The technology is able to bring all these data sets together to help reach a transparent and objective figure.

Source: mphmag.com

2. Improved Marketing Strategies

When it comes to marketing, the more targeted a strategy is, the better. 

With Big Data, property agents get access to valuable insights about what prospective buyers are looking for in properties. In addition, agents can be able to identify buyers’ demographics by gender, age, region, preferences, interests, career objectives, and more to help them create more targeted advertising campaigns. For instance, agents can be able to tell that a customer has young children or pets. With such information, agents focus on properties in pet-friendly neighborhoods as well as those close to schools. Likewise, with insights on career aspirations and standard of living, agents can help prospective buyers to locate properties that match what they are looking for.

Big Data is mostly transforming the luxury homes market in this regard. This is where prospective buyers are looking more into what features the homes have to offer, as compared to specific locations.

Source: smartbusinessdaily.com

3. Enhanced Property Development

Big Data analytics is helping developers and real estate company owners maximize profit margins through improved property development

Stakeholders are analyzing data sets to identify areas that promise the highest profits for development. For instance, by analyzing government records, they are able to identify areas marked for infrastructure improvements. Likewise, by looking at trends on social media, they can gain insights on, say, an increased interest in a particular area by a particular demographic. 

Additionally, by going through an apartment market survey, investors can be able to analyze property occupancy by comparing occupancy rates in the past versus future predictions. This helps them identify areas with high occupancy rates for their future investments.

In addition to identifying the best places to invest in, investors can use market analysis reports and follow social media trends to determine what residents in multifamily properties are looking for.

Source: itchronicles.com

4. Better Decision-Making

AI and Big Data are transforming the real estate industry by enabling faster and better decision-making for both customers and real estate business owners. 

For instance, Big Data delivers all the information a customer might need about a property. This can include crime rates, school zone data, home value graphs, and more. With access to such information, they can make the decision to buy or not faster and from a point of knowledge.

Likewise, investors can be able to look at the property’s past data such as how the property was used, past renovations, permits pertaining to the property, insurance claims filed in the past, and legal cases attached to the property among other information. This puts the investors in a better position to decide whether to go ahead with the purchase in a quick manner. 

Moreover, Big Data is paramount in risk mitigation to reduce losses.

Source: elinext.com

5. Efficient Running of the Businesses

As mentioned earlier, real estate companies relied on manual processes. 

This meant labor-intensive procedures and more man-hours for the work to be done. The entrance of big data brought about process automation. Big Data uses Artificial Intelligence technology to process huge volumes of data faster and accurately to produce user-friendly data.

With the time-consuming manual processes out of the way, real estate agents now have more time on their hands. Moreover, they are using this time to concentrate on more important business functions such as improving customer relationships. 

Property developers, on the other hand, are using useful data sets to keep abreast with the market changes and adapt quickly as needed.

Source: youtube.com/multifamilyuniversity

Conclusion

Big Data analytics provide real estate stakeholders with access to valuable information drawn from different and numerous sources. This gives a wider scope of data analysis and accurate insights into properties and land. 

Such an approach equips real estate business owners with the information they need to make better development decisions. Similarly, agents can zero in on properties that match their customers’ needs faster and buyers can dig out information about properties before making the purchase decision.

How Modern Tech and Data Management Revamp the Construction Industry

From managing personnel and financial outlay to predicting outcomes and equipment maintenance, the role of data is more critical in the construction industry than you might imagine.

Nowadays, modern tech and data management are revamping the construction industry on the whole. With construction technology investments more than doubling in the last decade, construction practices are changing.

These changes carry significant implications for the industry. From the tech involved to their applications on-site, these are the details you need to know. 

Source: onebyfourstudio.com

The Tech

A host of new technologies is powering innovative construction techniques. These are streamlining the way data is collected throughout development, leading to new and greater insights all the time. 

The construction industry has not been immune to the mobile revolution, in which data-driven oversight has become the new normal – these technologies are revamping everything from site monitoring to building practices themselves.

Let’s check the technologies responsible for this overhaul of construction practices across the board:

The Internet of Things (IoT)

The IoT is an umbrella term that includes all kinds of devices that communicate data over an Internet connection. In the construction industry, they include

  • Asset tracking tools
  • Remote equipment management devices
  • Wearables

These various sensors and monitors can track everything from hazards in working environments to the performance of machinery. 

By using them, site managers gain a comprehensive picture of everything from safety to efficiency. 

Artificial Intelligence (AI)

Through AI, all kinds of construction processes can be evaluated, automated, and improved. That’s because AI technology can evaluate information at human or superhuman levels. 

Using AI-powered systems, construction managers are revolutionizing the way they manage labor and risk assessments. 

Machine Learning algorithms take employee information and automate scheduling accordingly. Workers are evaluated according to their skills and project goals, then the system creates a workflow optimized for project efficiency. 

Similarly, risks associated with a project can be evaluated and reduced through these tools. The AI models risks against existing data, and then produces alerts or recommendations for improvement. 

Source: build-review.com

Augmented and Virtual Reality (AR and VR)

Augmented Reality (AR) represents a visualization of reality overlaid with digital information. On the job, this means interactive displays for equipment and process information. 

With Virtual Reality (VR), users are fully immersed in a digital world. From here, construction professionals can visualize projects and engage in computer-aided design to enhance the efficiency of the process. 

3D Printing

This is an additive construction process that stands to change the nature of construction altogether. With 3D printing, structures can be pre-fabricated with digital precision. 

Additionally, this technology enables the use of new materials and alloys through its unique approach to assembly. The implications include higher quality at lower costs. 

Source: constructionblog.autodesk.com

Robotics

We also have the robotic tools that make construction sites more secure and more efficient. These devices are often paired with AI to complete tasks like

  • Concrete and bricklaying
  • Welding
  • Steel-truss assembly

As a result, labor costs and time are saved, with the added benefit of machine-level quality. 

These technologies are all linked and they gather important construction data, which in turn informs valuable data management processes. 

The Data Management Processes

With all this technology, the data available to construction companies become boundless. Additional tools and processes are needed to evaluate and apply this data. 

Fortunately, the data management tools being employed by construction managers are as vast and powerful as the aforementioned technologies. 

These are just a few of these tools and processes:

Building Information Modeling (BIM)

BIM is a process that has been around a long time but only in the modern time has become commonplace in construction.

BIM entails turning all your collected data into a 3D model of the build, complete with a detailed building process. These models are also interactive and integrated with your building schedule. 

Having this oversight is essential enough that 78% of building companies view BIM as the future of project information. 

Source: conceptarchitecturaldesign.blogspot.com

Digital Twinning

Digital twinning is a process that is highly similar to BIM in nature. That’s because it uses data to model a build, piece of equipment, or procedure. 

With digital twinning, real-time data is fed into a smart module that runs AI algorithms to determine efficiency and predict problems. On the job site, this helps to reduce risks. 

Computer-Aided Design (CAD)

CAD is another data management tool in which a computer assists the design process. It can be used in everything from laying out the construction site to building a project workflow. 

Project managers employ this tool as they create precise models of buildings. As a visual aid, it helps ensure that every element of a design is considered and optimized before construction even begins.

Source: csiestimation.com

Integrated Project Delivery (IPD)

Then we have Integrated Project Delivery. IPD represents the compartmentalizing of project elements through data analysis to produce a highly targeted and flexible lean construction process. 

This process strives for efficiency through collected information from all stakeholders in a project. From here, collaborative tools are used to streamline data into ideal project conditions.

Cloud-Based Construction Management

Of course, many of these data management processes would not be possible without the use of cloud-based construction management systems.

Cloud systems are perfect for data visualization and workflow management. That’s because these collaborative technologies safely store data in accessible forms, lending to the collaborative ability of all stakeholders.

Services like Google Cloud can be employed to create tailored data experiences, which then result in broad project oversight. As a result, managers can revamp the entire construction process with measurable, intelligent efficiency. 

Source: constructionblog.autodesk.com

What These Modern Tools Mean for the Construction Industry

You may understand the functionality and usefulness of all these tools, but what are their direct implications for the construction industry?

Overwhelmingly, these implications are positive. With data and technology, we can streamline productivity and reduce risk at every stage of construction. 

Additionally, the digital transformation is a goldmine when it comes to cost reduction. Primarily, this is due to the effects it has on finances, staffing needs, and innovation potential.

Finances

Technology helps cut construction costs through planning, prediction, and efficiency. That’s because the data-driven and digital nature of these tools allow project managers to effectively correct issues as they occur.

For instance, nearly 70% of projects fail to come within 10% of their budgets, while 30% of all construction work is rework.

By employing digital tools to model both these aspects at every stage of construction, labor and materials costs are reduced. 

Staffing Needs

Another key element of efficiency and cost reduction empowered by technology is the management of staff.

Labor costs make up around 20%-40% of overall construction costs. Reducing these through AI-assisted scheduling and workflow automation is possible with these modern tools. 

Source: imc-cpa.com

Innovation Potential

Finally, modern technology and data management enable greater levels of innovation than ever before. With all the insights from the data, you can better identify pain points and their solutions. 

Construction managers are using devices on the IoT alongside data management processes to model better processes. Then, analytics tools predict the effectiveness of any experimental solution before it takes physical form. 

The result of innovation means reduced costs and can even translate to more sustainable building procedures. These benefits give every construction company reasons to adopt new and transformative tech

Conclusion

With modern tech and data management, the construction industry is being continuously revamped. Greater insight from data enables productivity to rise while costs go down. 

Project managers should implement these technologies for greater efficiency onsite and for a competitive edge in our new digital world. 

10 Valuable Tips on How to Choose an Automatic Generator Software

Since more users are accessing the internet, it has become increasingly important to make your content easily accessible.

To maximize user engagement and content visibility, it is critical to make your content accessible to ALL users, including those with disabilities or who speak a different language than yours. 

For example, subtitles in video content can make it more accessible. However, transcribing manually would take a long time and would be very tedious.

Thankfully, there are several automatic subtitling software programs available today that automate this process. Nonetheless, with so many programs available today, choosing the best one can be difficult.

In this article, we will provide you with 10 tips on how to choose an automatic generator software in order to help you make an informed decision.

Let’s dive right in.

Source: broadcastnow.co.uk

What is Automatic Subtitle Generator Software and Why Should You Use It?

An automatic subtitle generator software automatically creates and adds subtitles and transcriptions to your video or audio files.

By using automated software and adding subtitles and transcriptions to audio and video content, you will be able to take advantage of a wide range of benefits. 

Below are listed some of the most relevant benefits.

Improves the Accessibility

As mentioned in the introduction to this post, adding subtitles to your video or adding text to your audio files could dramatically improve accessibility.

With subtitles and transcripts, for instance, you can ensure that people with hearing impairments can understand your content. For those who speak other languages, it is also easier to read the captions instead of listening to the audio.

Transcripts and subtitles can also provide greater accessibility for those who find themselves in specific situations where they cannot hear audio, such as when they are in a crowded place or unable to hear it clearly.

Saves Time and Effort

It can be quite tedious and challenging to transcribe each word in your video and audio files by hand, as it requires considerable precision and time spent listening and relistening to the exact wording in your files. 

In contrast, automated subtitle generators let you generate subtitles and captions in just seconds, with high rates of accuracy that can easily reach 100% through a few manual adjustments.

Source: pinterest.com

Ease of Scale

Transcribing an audio or video file manually involves a strict limit on the number of transcriptions you can perform each day, week, or month.

As a result, you may struggle to share and publish content as quickly, which can hinder your sales, traffic, and growth.

Automated transcription software, on the other hand, enables the transcription of a large number of files quickly. As a result, you can continue uploading, sharing, and creating content without having to wait for the transcription to be done.

Enhances Content Value and Increases Ranking

Video content cannot be viewed or listened to by search engines. As such, video and audio files by themselves will not contribute to the overall optimization of your content.

By contrast, if you transcribe or caption a video or audio file, Google bots will be able to read your transcriptions and determine what the video is about.

This may improve your website’s indexing and rankings in search engines, resulting in more traffic and visibility.

Higher Engagement

According to the research, videos with subtitles are significantly more engaging than videos without subtitles

A possible reason for this is that the content is accessible to all, and anyone can view the videos and understand the context regardless of their location, e.g., in a noisy environment.

Increases Video Reach

The audience on social media platforms like Facebook and Instagram prefers to watch videos with subtitles since they get the information they’re looking for quickly without having to listen. 

Source: azimuthsoft.tv

10 Valuable Tips to Choose the Right Automatic Generator Software

Consider Your Budget

If you’re a small company or individual with a limited budget or none at all, pricing is obviously one of the first factors to keep in mind when choosing automatic generator software.

Software with affordable rates exists, but other software is more expensive, and these costs may weigh heavily on your finances. 

When this is your situation, be sure to select software that provides the best balance between cost and performance.

Source: happyscribe.com

Ensure a Quick Turnaround Time

When you plan a content calendar, expect to publish content on a specific date, and this content includes subtitles and transcription, then the turnaround time offered by the software is crucial.

Obviously, transcribing or adding subtitles to videos or audio is obviously subjective to the length of the recording, as well as the service you select.

Some companies, for instance, let you choose between automatic subtitles and human-made subtitles. There may be a slight difference in the accuracy percentage, but turnaround times can vary greatly, from 5 minutes for automatic transcriptions to 24 hours for human transcriptions.

Verify Providing High Accuracy Rates

The accuracy percentage represents the percentage of words that were correctly transcribed from your audio or video file.

It is obvious that a higher percentage is better. Select software that provides an accuracy of at least 85%.

Obviously, this is also a factor that can affect the choice of your automatic generator software.

Check for an Editor Dashboard

Whether you are transcribing or adding subtitles to video content, or transcribing audio files, you may find that, sometimes, some of the words generated by the software do not match the originals.

Usually, this occurs when audios or videos have distorted sound, low volumes, and unclear words or phrases.

In such a case, you may wish to have a chance to edit the transcription, since you likely know exactly what is being said in your content.

It is therefore important to check whether an automatic generator software includes an editor before choosing and paying for it.

In addition to ensuring the accuracy of the transcription, the editor may also offer customization options, such as the possibility to change the text color and size, edit the subtitle limit, and choose characters per line (CPL) and characters per second (CPS).

Source: veed.io

Check Out Languages It Supports

You may not only want to transcribe your content in its original language but also translate it into another language to ensure maximum accessibility.

If this is the case, then you must make sure that the automatic generator software supports various languages or specifically the ones that you need.

Source: tdftips.com

Check if Upload Limits

Depending on the software, the length and size of audio and video files you can upload may be limited.

If you need to transcribe or add subtitles to a large or long piece of content, you should take this into account when selecting the software to use.

In general, the fewer upload limitations there are, the better and more convenient it will be for you.

Look at Importing Options 

Another thing to consider when choosing an automatic generator software is its import capabilities.

As a matter of fact, your audio or video file may be in a certain format, and it is crucial that the software supports it, so you do not have to spend time converting it to another format.

Consider Available Export Formats 

Your audio or video content may need to be in a format that is supported by the platform where you intend to distribute it. 

In this regard, it will be convenient for you to choose software that automatically exports the files in the format you require.

Therefore, before selecting the software, please make sure that it supports exportation in multiple formats. The more options it offers, the better.

Source: beecut.com

Make Sure It Integrates Well with Other Apps

If you need to transcribe or add subtitles to your content faster and more easily, you may want to use other applications.

As such, when looking for automatic generator software, it is vital to ensure it can integrate with other popular apps. For example, you might want to integrate YouTube for importing and sharing videos directly.

Therefore, ensure the software you choose integrates seamlessly with all of the applications you intend to use.

Ensure it Allows Easy Sharing

As soon as the transcription or subtitles of your audio or video file are ready, you may want to share it directly from the platform of the production, in order to make the sharing as quick and easy as possible. 

You may also wish to share the content with the rest of your team so you can collaborate on it. 

Thus, ensure that the automatic generator software you choose includes easy collaboration and sharing features.

Source: deskdub.com

Wrapping up

By using an automatic generator software, you can save the time and effort you’d otherwise spend transcribing audio and adding subtitles to videos.

As more and more people are using automatic generator software, more options are available on the market, making it difficult to choose one.

Nevertheless, the tips provided in this post will certainly help you make an informed choice that will help you achieve your goals.
If you want to read more about AI, please check out this article on how AI can help you succeed in business writing.

Are Open Source Solutions Good for Your Software Development?

The Internet has pushed forward software development, allowing programmers around the world to connect and share ideas. 

Open source software is one of the great victories of this dynamic connection. Open source software enables hundreds of individuals to collaborate, solve problems, and design new programs, such as the Book of Ra spielen, that we can all benefit from. 

We’re going to look at open source solutions, and what they can do for your software development.

Source: zivtech.com

What Is Open Source Software?

The global computer software market is dominated by giants such as Apple and Microsoft, companies that have risen to the top selling software and hardware. 

In contrast, open source types of software are made available to both users and programmers completely free. One of the biggest examples is Mozilla Firefox, one of the most popular browsers, and one that is also completely free. The Linux operating system is another example. 

These open source softwares are available to users for free, but more importantly, they’re available to programmers. The source code is readily available, meaning that programmers can use it to create their own versions, and change any issues with current versions. 

It’s essentially free to all, and it offers a number of major benefits

Source: fosbytes.com

Open Source Software Benefits 

Solving Problems and Bugs

One of the main benefits of the latest software version is the fact that anyone can work on resolving bugs in a program. 

Rather than relying on a dedicated team, open source software is modified and improved by designers all around the globe. This international community is able to bring diverse approaches and experience to software development, resulting in a constantly peer-reviewed approach to software development.

It’s particularly effective at resolving any bugs and issues that may be present in a program, making it available at its very best.

Source: awonits.com

Customization

One of the big draws of open-source software is the possibility of customization

Thanks to the open source code, developers can fine-tune a program, changing interface functionality. This is particularly useful with things like browser plugins. 

As Mozilla Firefox is open source, developers are able to easily create browser plugins that enable users to customize how they use the browser, adding things like media players or advanced search settings.

The Personal Benefits of Open Source

Open source customizable software provides more than just improved access and customisations. 

There’s a good reason why so many people are involved with working on open source. It’s a great way to learn programming, and to get experience with a range of different programs. It’s also a great way to become involved with a community. 

Open source programming generally depends on cooperation, with programmers keeping each other in the loop about the latest developments. This massive online community can help you network, and earn something of a reputation for yourself.

Source: gravewebservices.co.uk

Promoting Yourself

Thanks to this extended community, open-source programming is a really effective way of promoting your talents as a software engineer

If you’re good at what you do, the huge range of different open-source programs give you the chance to demonstrate your skills. As a result, it’s possible that you’ll be able to find more work, either as a freelancer or with a larger company. 

Likewise, if you’re a business owner, encouraging your employees to get involved with open source planning is a good way to promote your workforce and their problem-solving skills.

Giving Back to the Community

Open source programming isn’t exactly charity work, but it does thrive on a certain altruistic spirit that is worth more than money. 

Many professional programmers actually derive far greater satisfaction from their open source work than their other work. This is because this kind of programming gives you the opportunity to give something back to the online community, and the broader world of an open-source software developer. 

Given how many people depend on open-source software for a wide variety of different purposes, it’s great to have the opportunity to pay something back for something freely available online.

Reduced Costs

A particular benefit of using an open-source software system, whether as an individual or as a business owner, is the obvious cost benefits

While many software solution options are available as entire packages for extremely high prices, open-source is available completely free. Plus, thanks to the customization benefits we’ve already mentioned, you’re able to get exactly what you need out of the programs without any superfluous extras. 

This is particularly useful for businesses, as you’re able to provide your employees with a range of different tools and programs completely free.

Source: opensources.solution

Improved Transparency and Security

With proprietary software, you’re never completely sure what you’re getting. Most companies work extremely hard to ensure their code is completely secret, as it’s the foundation on which their business is based. 

Open source, on the other hand, is completely transparent. If you know what you’re looking at, you’re able to tell from looking at open-source code whether the program is any good or not. With proprietary software, it’s impossible to see the code, and impossible to tell. 

On top of that, the transparency of open source is great for added security. You can see exactly what’s on offer, and avoid any potential security risks.

Source: medium.com

Easy to Rely On

Open-source software is of particular value to individuals or businesses embarking on long-term projects. 

This is because there’s no threat that the software is just going to vanish one day. Companies go under every day, leaving their software exactly where it was when they packed up. 

Companies also discontinue software packages or create new versions which may lack key aspects of previous versions. Open source has none of these issues. 

If you’re using a program for a long-term project, or simply favor it over other options, you’re guaranteed that it’s going to be around whenever you need it.

The Disadvantages

We can’t pretend that there aren’t any disadvantages of open source

One of the most obvious ones stems from the fact that this kind of software depends on a diverse range of different individuals. As a result, it’s not like there’s a dedicated support line for you to contact if something isn’t working properly. 

On top of that, if you want to work with only open-source when developing your software, you’ll never have the same level of intellectual rights as with proprietary software. 

Unfortunately, two of the biggest advantages of open source also have the potential to be disadvantaged.

Conclusion

All in all, the benefits of open source software development in 2021 outweigh the disadvantages. 

It’s simply convenient and diverse for a developer not to bother with. The above should give you some idea of the opportunities on offer and how to make use of them. 

Once you start integrating these kinds of programs into your business and development model, you’ll quickly see what makes them so special.