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Report on the Translation Industry: Research and Best Practices
Description:
Target readers:
Language translation and interpretation agencies, freelancers, and language industry organizations; business owners, business professionals and government departments and agencies wanting insight into the translation and interpretation industry; and, translation and interpretation marketers and software developers.
Take a look at what's inside
Industry Survey Data & Stats:
- Get the latest results from our own surveys associated with translators and their perception of their pay and their use of machine translation and translation memory tools. Get the results of our research on different regions and markets.
Reduce Project Calls and Meet Deadlines:
- This translation report goes in-depth regarding translation project management, and discusses how to reduce project risk and more easily meet deadlines using tested methods.
Recuit and Retain the Best Freelancers: One of the biggest challenges facing translation and interpretation agencies is recruiting and retaining skilled talent. This translation report covers in detail how to recruit and retain the best translators, editors, and revisers to help make your business more competitive and profitable.
Top Agency Software:
We take a look at the top business management and translation and interpretation industry software. We review several solutions, looking at the pros and cons of each one to help inform you of the best software available to manage your business.
What's Ahead:
Did you know that there're 1.5 million online searches every month for editing software? Did you know that crowdsourcing and machine translation are transforming the translation industry? Are you prepared for all of these changes? We discuss current and emerging opportunities that exist for translation agencies, particularly as they relate to software and technology.
A Winning RFP Response Template:
RFP responses in the translation industry are time consuming and costly. Included in this unique translation report is a 23 page translation RFP response template that has been used by the co-author's former translation agency. It's been demonstrated to win RFP contracts over $100,000.
Language translation and interpretation agencies, freelancers, and language industry organizations; business owners, business professionals and government departments and agencies wanting insight into the translation and interpretation industry; and, translation and interpretation marketers and software developers.
Take a look at what's inside
Industry Survey Data & Stats:
- Get the latest results from our own surveys associated with translators and their perception of their pay and their use of machine translation and translation memory tools. Get the results of our research on different regions and markets.
Reduce Project Calls and Meet Deadlines:
- This translation report goes in-depth regarding translation project management, and discusses how to reduce project risk and more easily meet deadlines using tested methods.
Recuit and Retain the Best Freelancers: One of the biggest challenges facing translation and interpretation agencies is recruiting and retaining skilled talent. This translation report covers in detail how to recruit and retain the best translators, editors, and revisers to help make your business more competitive and profitable.
Top Agency Software:
We take a look at the top business management and translation and interpretation industry software. We review several solutions, looking at the pros and cons of each one to help inform you of the best software available to manage your business.
What's Ahead:
Did you know that there're 1.5 million online searches every month for editing software? Did you know that crowdsourcing and machine translation are transforming the translation industry? Are you prepared for all of these changes? We discuss current and emerging opportunities that exist for translation agencies, particularly as they relate to software and technology.
A Winning RFP Response Template:
RFP responses in the translation industry are time consuming and costly. Included in this unique translation report is a 23 page translation RFP response template that has been used by the co-author's former translation agency. It's been demonstrated to win RFP contracts over $100,000.
Contents:
Introduction
The anatomy of a translation agency
Project management and technology best practices: how to lower risk, meet deadlines, and increase your bottom line
Translator screening and management: recruit and retain the best translators
RFP management: where to find contracts and how to respond
Client Management: how to land contracts and keep clients
Pricing
Advertising: what worked, what didn't – best practices
Website and search-engine-optimization (SEO): get listed in Google's top ten
Understanding current and emerging markets
Opportunities, crowdsourcing and machine translation, and looking ahead
Conclusion
Appendix
RFP response template
The anatomy of a translation agency
Project management and technology best practices: how to lower risk, meet deadlines, and increase your bottom line
Translator screening and management: recruit and retain the best translators
RFP management: where to find contracts and how to respond
Client Management: how to land contracts and keep clients
Pricing
Advertising: what worked, what didn't – best practices
Website and search-engine-optimization (SEO): get listed in Google's top ten
Understanding current and emerging markets
Opportunities, crowdsourcing and machine translation, and looking ahead
Conclusion
Appendix
RFP response template
Contents:
From the anatomy of a translation agency chapter
There's never been a better time to get into the language services game: there's a good stock of data that shows growth in the industry, with projections for continued growth for the next several years. According to an article in Inc., The Best Industries For Starting a Business Right Now, the language services industry came in second!
Let's begin by taking a look at the anatomy of a translation agency before we embark on our journey through the world of the industry as a whole.
From the wisdom of crowds, and machines section
Let's now take a look at what may be singlehandedly transforming the translation industry as we speak, and that's crowdsourcing in combination with machine translation. While we covered machine translation in detail earlier on, we'll now take a look at it in terms of how it plays into crowdsourcing, and how both of these elements may replace many traditional translation professionals and LSPs within the next ten years.
From the translator screening and management chapter
A translation agency is only as good as its translators. However, it's difficult to find good translators who are willing to work for “agency rates”. That is, most translators are freelancers, and work independently. They typically have their own clients, as well as do contract work for agencies. They generally charge more to their own clients, and give agencies discounted rates."
The translation industry is undergoing a major transformation through technology - automation via statistical machine translation - and crowdsourcing.
In this report, we not only discuss this transformation, but also look at the latest industry facts, figures, statistics, research, and more. This comprehensive translation report, part of our Insights Series™, is unique in that it's co-authored by the former CEO of a language translation and interpretation agency. Backed by our Analysts' own research, the combination of the latest statistics and real-world experience will provide you with the sort of deep, rich insight you need to make strategic and informed decisions about your business now, tomorrow, and into the future.
There's never been a better time to get into the language services game: there's a good stock of data that shows growth in the industry, with projections for continued growth for the next several years. According to an article in Inc., The Best Industries For Starting a Business Right Now, the language services industry came in second!
Let's begin by taking a look at the anatomy of a translation agency before we embark on our journey through the world of the industry as a whole.
From the wisdom of crowds, and machines section
Let's now take a look at what may be singlehandedly transforming the translation industry as we speak, and that's crowdsourcing in combination with machine translation. While we covered machine translation in detail earlier on, we'll now take a look at it in terms of how it plays into crowdsourcing, and how both of these elements may replace many traditional translation professionals and LSPs within the next ten years.
From the translator screening and management chapter
A translation agency is only as good as its translators. However, it's difficult to find good translators who are willing to work for “agency rates”. That is, most translators are freelancers, and work independently. They typically have their own clients, as well as do contract work for agencies. They generally charge more to their own clients, and give agencies discounted rates."
The translation industry is undergoing a major transformation through technology - automation via statistical machine translation - and crowdsourcing.
In this report, we not only discuss this transformation, but also look at the latest industry facts, figures, statistics, research, and more. This comprehensive translation report, part of our Insights Series™, is unique in that it's co-authored by the former CEO of a language translation and interpretation agency. Backed by our Analysts' own research, the combination of the latest statistics and real-world experience will provide you with the sort of deep, rich insight you need to make strategic and informed decisions about your business now, tomorrow, and into the future.
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