Dramatic Improvement in Neural Machine Translation (NMT) Cuts at Least 30% of Translation Costs for Large Enterprises
According to One Hour Translation (OHT), an online translation agency, the improvement in NMT boosts corporate demand for translation services. There has been a dramatic drop in the cost of translation services for major corporations in the past year and the savings amounts to at least 30%, according to One Hour Translation (OHT). The company attributes the drop to the improved capabilities of NMT (Neural Machine Translation) technology.
The downward trend in translation costs is expected to continue as NMT engines are being trained to identify thousands of new words and phrases using the latest machine learning technology. That is good news for global e-commerce companies like Booking.com, Hotels.com, Agoda, Trivago, Amazon, Alibaba, and others who depend almost daily on the quality translation of large volumes of content for their millions of customers worldwide.
OHT has developed a content assessment process for its corporate customers that is conducted by five or six experts who review the content. They quantify the content into three distinct categories that are defined and based on the amount of human input that will be necessary. The range is from no need for human input with the translation solely based on NMT engines, hybrid translation which combines NMT and human post-editing and a final category where human translation is required. As part of the process, OHT also recommends to its corporate customers the NMT engine that is best suited for a specific translation.
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