Part one of term paper
is a computer's ability to understand human language, formulate speech into text, and even develop responses to questions. Speech recognition first appeared during the 1970's, when early applications for its use first became known. Since then, companies have been competing to develop the most accurate and sophisticated version of . Consum ...

Part two of term paper
... made speech technology a reality. Speech recognition is fast becoming mainstream technology due to its increased reliability, ease of use, and decreasing price. Speech recognition is a "$50 million industry overall that will grow to $1 billion worldwide by the end of 1998" (Kolor, 3). The financial, travel, and telecommunications industries have already discovered the advantages of . Some of the larger companies that already utilize speech recognition are Charles Schwab & Co., American Expr ...