Although you may not agree after getting off the phone with your bank, speech recognition technology really has come a long way in the past 20 years. There’s still plenty of room for improvement, however, and Microsoft has been working on technology that is making for some big changes in real-time speech recognition. Microsoft’s Chief Research Officer, Rick Rashid, recently provided a pretty impressive demonstration of its capabilities.
The new speech recognition technique, developed by Microsoft with the University of Toronto, is called Deep Neural Networks. Based on human brain behavior, it, the technique provides significantly better accuracy than older techniques – in fact, it reduces the error rate by more than 30 percent, according to Rashid.