40% to 45% Savings from AI-enabled translation services

“Christian Arno, founder and president of Edinburgh-based Lingo24, said that the use of AI was also reducing the time it takes to get products to market by 75%.”

“Arno points to the time and costs savings made for clients when it comes to creating product catalogues. A typical catalogue might contain 50,000 products, with around 10% of them being replaced each year.

With 100 words of description for each product and ten languages into which the document needs to be translated, the cost of traditional translation work using no technology can soon stack up to several hundreds of thousands. Clients that opt for AI-enabled translation services are typically saving between 40% and 45%, a potential annual benefit of more than £300,000, the company said in a statement.”

http://futurescot.com/lingo24-arno-launch/

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