The transcription services are a kind of business service only that converts speech (either live or recorded) into a written or electronic text document. Some transcription businesses can send staff to events, speeches, or seminars, who then convert the spoken content into text.

These are services provided by a specialized business where recorded speech is converted into text, be it written on paper or in an electronic format. Transcription services are of great importance at record-keeping, and for quickly finding at a later time what has been said in a meeting. Although audio files can be archived with ease nowadays, it is much harder to search through audio files, and text documents are preferred. Transcription services are usually provided for government, legal, medical or business purposes.