Aitrans-AI Introduction-AI Knowledge Base

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Value

The value of AI knowledge base is relevant to the translation market (especially professional translation market). The value of AI knowledge base lies in the exact translation ratio (accuracy rate of translation), because the number of professional translation work done by AI knowledge base is equivalent to the workload that needs to be done by human. Since the AI knowledge base is accumulated gradually, the accuracy ratio of translation is escalated. Therefore, the market share of professional intelligent knowledge base is gradually increased with the accuracy rate of translation.

For example, a company or an industry uses professional intelligent knowledge base to translate in the 2nd year and the accuracy ratio is 20% of the whole translation work. So the value of the professional intelligent knowledge base is 20% of that year’s professional translation value (for example 1billion), i.e. 200 million. If the accuracy ratio of translation is increased to 90% in the ninth year, then the value of the professional knowledge base is 90% of that year’s professional translation value (for example 10 billion), i.e. 9 billion.

AI knowledge base can be applied to popular translation as well. On one hand, it produces social benefits; on the other hand, it can produce enormous economic benefits.

Attach: Introduction of professional translation market

Research report from the famous American market research agency ABI indicated that, by the year of 2008, the world annual output of human translation market could reach to 21.5 billion USD. Software and website localization in 2009 respectively reached to 6 billion and 5.8 billion USD.

Currently there are 5000 and more registered translation companies and tens of thousands of enterprises that engage in various forms of translation related work/services. On-the-job professional translators are about 90,000 people, and hundreds of thousands engage in various forms of translation work.

According to a report by Translators Association of China, “translation industry” as a concept and an industrial category, the output of Chinese translation market in 2008 was 25 billion RMB; in 2009, the output reached to 30 billion RMB.