Nexidia's patented phonetic indexing and search technology delivers significant advantages over both traditional audio processing and speech-to-text processing. Speed, scalability and accuracy translate directly to benefits for litigation, regulatory requests, and internal investigations. Strengths of Nexidia’s technology include:
Highest Accuracy: Nexidia’s phonetic indexing process creates the most accurate index possible for spoken content. Because no subjective decisions need to be made to translate content into text, all the original spoken content is retained in the indexes and, therefore, no error is introduced into the process. And because Nexidia indexes 100% of the content, every second is always immediately searchable.
Human review of audio can introduce a large number of judgment errors due to fatigue, boredom, and distractions. Nexidia's defensible technology eliminates these issues and allows you to leverage the powerful impact of actual voice regardless of audio quality, speaker accents, dialects, slang, or unusual grammatical patterns.
Cost Effective: Nexidia Forensic Search reduces the cost of reviewing audio content by 50-80% of traditional human listening or transcription methodologies.
Human listening and transcription each require two to four hours of review time for every hour of content. And that is only for the first pass! As new issues arise, or additional search terms are identified, the review must be completed again. Nexidia makes searching efficient. Content is indexed once and can be searched by your review team whenever necessary.
Completely Scalable: Only Nexidia’s phonetic technology can quickly and efficiently process tens of thousands of hours of content and make them available to your review team in a matter of days. Audio projects tend to grow as litigation or investigation proceeds. Often a project that starts with a few hundred hours of audio can turn into thousands of hours requiring review. Nexidia’s phonetic indexing helps you and your team stay on top of growing projects.
Nexidia works with law firms, corporate legal departments, and regulators to handle discovery and compliance requirements for many types of audio information. Due to the confidential nature of most proceedings, the details of legal projects outlined below are limited to general information.
The U.S. Securities and Exchange Commission (SEC), the Federal Energy Regulatory Commission (FERC), the U.S. Commodity Futures Trading Commission (CFTC), the U.S. Federal Trade Commission (FTC) and OfCom in the UK all use Nexidia for investigations into company transactions. A growing body of energy trading companies and financial services companies also use Nexidia to help them review recordings for both regulatory and litigation requests. Nexidia is also used for audio investigations into a variety of commercial activities.
Patent/trademark, contractual, and employment disputes are particularly subject to large volumes of audio content. In several matters, Nexidia has worked with multiple litigants to provide a mutually cost-effective and efficient, all parties review platform.
Many companies have deployed Unified Messaging Systems that store voicemails in the email inbox, creating potential discovery issues. After spending hundreds of hours listening to audio and video recordings in one matter, a California high-tech company’s legal staff knew there must be a better way to review the content, they implemented Nexidia’s Forensic Search in its legal department.
Nexidia can even support the search of audio in wiretaps and criminal matters. In one case, defense counsel was handed several hundred hours of inmate recordings by the prosecution... with no guidance as to what was in the calls.
Nexidia is the undisputed audio expert. With technology capable of processing 35 different languages, scalability for handling the largest of projects quickly, and the expertise that comes from processing millions of hours of audio and video content, Nexidia is the only solution for Audio Discovery.
These are several examples of the types of Audio Discovery projects Nexidia has completed.
Energy Trading Companies
Financial Services Companies
Patent & Trademark Infringement
Mergers & Acquisitions