History of voice
Voice media has been an integral part of our lives for several years in the form of Radio, telephone and Podcast. It has emerged in a big way as we all experience time crunch as part of our very busy lifestyles. Anything which saves us time we will latch on to it. Voice Assistants in the last year have come to the forefront of technology and are considered to be the next interface of computing. The advances in AI and NLP have reached to a stage where Voice Bots have become a reality and no more looked as tech toys.
Let us go back in recent past looking at history of voice assistant. Apple Siri was the first mass-market voice interaction service introduced in 2011. It was barely “conversational,” but did introduce the masses to human-computer voice interaction despite its sometimes unfavorable reputation. The Amazon Echo and its Alexa voice service was introduced in 2014. This represents the first mass-market conversational interface and the consumer reaction has far exceeded expectations. amazon reported that Echo was the highest selling product across all categories in December 2017 .
What does this all mean? We have entered the voice era. The visual web we have known since the early 1990’s is now complemented by the emerging voice web
The Present and Future of Voice
- Today, there are over 35 million voice-first devices, 100M’s of voice-enabled devices, and consumers are searching for products and services using their voice as per VoiceLabs.In 2017, 25 million voice-first devices to 35 million in circulation.” based on a new study by Voicelabs.
- Gartner predicts that 30% of all our interactions with technology will be through “conversations” with smart machines by 2019.
- “50% of all searches will be voice searches by 2020” according to comscore
- “By 2019, the voice recognition market will be a $601 million industry”, according to a report from Technavio via Skyword.
- “40% of adults now use voice search once per day” according to Location World
- By 2020, more than 1.8 billion consumers will use Voice digital assistants.
- In less than 4 years, Voice is projected to drive $11.7 billion in sales
- More than 5 billion consumer devices supporting digital assistants will be in use in 2019, with almost 3 billion more added by 2021, according to IHS Markit