With the rise of voice assistants like Google Assistant, Siri, and Alexa, this is possible.
With Google Home and Amazon echo, the machines have finally got a voice!
You can cook food, listen to your favorite music, control your lights, alarms and various other smart home appliances, know scores of the match you missed yesterday, listen to podcasts and audiobooks, listen to the news, etc.
There has been a phenomenal rise of voice assistants in recent years; let ‘s take a closer look.
The most significant benefit of Google assistant is that it has access to the world’s largest Smartphone, eco-system Android.
Bank of America has launched a smart voice-based assistant named ERICA, which helps customers in completing banking transactions.
The surreal turnaround that we have witnessed in the mobile apps over the past few years is unreal and unimaginable.
According to the research done by Global Web Index, 27% of the total Smartphone population around the globe is using voice assistant apps or voice search on their mobile devices.
No doubt that the expansion of technology has helped it, but it is the usability and the integration that has got more users hooked on to it.
We all are living in a digital space, and voice assistants have greatly optimized efficiency and speed, the two things that are endearing to the users.
The voice assistant applications can carry a vast amount of data with it with the help of big data integration and can save it in a very synchronous manner.
The other benefit the voice applications will provide to the businesses using them is new-age interactive marketing.
Despite the fact that voice technology has been accessible and usable for several years now within our smartphone devices, consumers never really caught on to how useful these digital assistants could be until Amazon introduced Alexa through their Echo lineup.
According to Deloitte Global, the smart speaker industry and use of digital assistants will be worth close to seven billion US dollars and will have approximately 164 million units sold this year.
Even though smart speaker sales have been largely confined to English-speaking markets, with about 95% of the sales being in the United States and the United Kingdom alone, digital voice assistants are primed to enter other non-English markets this year.
According to Deloitte Global, sales should take off in countries that speak Japanese, Spanish, French, Italian, and Chinese (Cantonese & Mandarin), as smart speakers are starting to penetrate urban consumer markets in Germany, Urban China, Australia, and the United Kingdom alongside continuous sales in Canada and the United States.
This is mainly because smart speaker technology is finally becoming more sophisticated with regards to speech recognition and build quality and the market is seeing more demands for their use in commercial enterprises like hotel chains and fast-food restaurants.
Digital voice assistants have come a long way in speech recognition accuracy and as such, we are seeing machine learning narrow down the accent gap, no longer getting befuddled when presented with a strong national accent and Google’s word error rate for English speech recognition is down almost 50% since 2016.
In this article, we've brought you a forecast of the main trends expected for this technology and of which you can apply to your businesses by meeting with the best app development companies.
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Expansion in the Retail Sector
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