Language translation technology that has come a long way since the early days of the internet is now developed and intelligent. Real-time translation is as common as making a note. Moreover, smartphone software makes things much more accessible, bringing shops, banks, books, and dictionaries closer to users. The technologies that only a few decades ago were a matter of science fiction today are part of our daily activities. One hardly thinks of the technology standing behind a pocket translator, but once you go behind the scenes, you see a whole new world of technologies, artificial intelligence, and the future you have been imaging so bright. Today, let’s take a tour of the real-time translation world and reveal all the innovations soon to become a reality.
But first, let’s check out some mind-blowing statistics you never knew.
Approximately 7,151 languages are being spoken today, and the number grows as new varieties are discovered.
42% of languages are endangered.
Asia has the most indigenous languages, followed by Africa.
English is the most spoken language globally (native and non-native speakers).
The most frequently used language on the internet is English (25%), followed by Chinese (19,8%) and Spanish (8%).
And some more global market statistics:
75% of consumers more eagerly buy products from websites or apps in their native language.
Translating a website or an app in four languages gives access to 50% of worldwide sales potential: English, Chinese, Japanese and German.
Businesses investing in the translation are 1,5 times more likely to increase revenue.
Fortune 500 companies have reported they are 2,04 times more likely to increase profits after investing in translation.
The usage of the right software can cut translation costs by 90% and eliminate human errors.
Translation software increases productivity by 60% in less than five months.