Nuance wasn’t the only one to realize that voice was poised to become a prime channel for human interaction with computers and cloud services. Nuance’s revenues grew to $1.7 billion in 2013.īut this growth was short-lived. In 2011, Apple introduced Siri, which was based on Nuance technology. Nuance grew rapidly, both by signing up these major customers and also through millions of individual consumers who purchased the iPhone app, which became the number-one business productivity application in the iTunes store. Once Apple validated the product, Samsung and all the other phone manufacturers wanted it.
Nuance used this technology in an app called Dragon Dictation, which Apple featured when it introduced the iPhone 3GS at its 2009 Worldwide Developers Conference. As computers became more powerful, Nuance was able to develop a major innovation: “large vocabulary continuous speech recognition.” Now you could say anything about any topic, and the technology could accurately transcribe it in real time. Systems recognized only limited vocabularies, though they nevertheless proved useful in narrow commercial applications such as telephone customer support centers and transcription of medical records.īy the late 2000s, things had changed. Before the two merged in 2005, speech recognition was constrained by computer processing power. Further information is available on the Internet at began in 1994 as a spinoff from SRI, a Stanford laboratory that had developed speech-recognition technology for the US government. As of September 30, 2022, the company had around 311,000 employees worldwide. In fiscal 2022, which ended on September 30, 2022, the Siemens Group generated revenue of €72.0 billion and net income of €4.4 billion.
In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. Siemens AG (Berlin and Munich) is a technology company focused on industry, infrastructure, transport, and healthcare.
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