This long list of benefits demonstrates the payback time for speech recognition technology, either speech-enabling existing services or creating innovative new ones:
Speech recognition is generally viewed as a productivity tool, but today most of the deployments are new services. The two main driving factors as to why these new services are appearing are the aim to increase customer satisfaction and brand differentiation. Highlighting the fact that using speech recognition for customer services is not only a matter of cost reduction, but a matter of value creation.
A speech interface reduces navigation restrictions; expands user interaction capacities over the phone such as; a choice among a list of few thousands of city names or a multiple criteria request.
So speech recognition makes more types of transactions possible and provides access to more services, it opens an entire realm of possibilities unthinkable with touchtone systems.