Transcription software is a tool that converts spoken language into written text. It is commonly used in various fields, such as medical, legal, and business, to create accurate records of conversations, interviews, or meetings. This software can process audio files or transcribe live speech, making it easier for users to document important information. Many transcription software options utilize speech recognition technology, which allows them to automatically identify and transcribe words. Some programs also offer features like editing tools, speaker identification, and support for multiple languages, enhancing their usability for different users and applications.