The significance of translation in our daily life is extensively multidimensional. Not only does translation pave the way forward for global interaction, but allows nations to forge interactive relationships when it comes to making advancements in technology, politics, etc.
Despite the fact that English has a far and wide reach today, the impact of local culture and language remains as strong as ever. With the growth of Internet and communications technology, it is relatively easier to reach audiences that are thousands of miles away purely on the back of effective translation. This in turn has resulted in a need for translation in diverse fields such as education, mass communication, science and technology, literature, tourism, religion, trade and business, etc.
Today, the translation industry as we know it includes a multitude of companies providing services such as -
Although quite extensive, the translation industry remains quite fragmented. This is because the top 100 translation firms make profits ranging from as high as $450M to as low as $4M. At the same time, profits are on the rise, and it is estimated that the industry will grow to more than #37 billion by 2018, primarily on the back of military contractors and private translation outsourcing agencies.
Quality language translation aims to bridge the communication gap by helping companies reach a multivariate global audience by talking in a language their clients can understand and relate to. Whether it is a traditional brick and mortar businesses or an emerging online venture, translation services coupled with the rising online population offers a lucrative market that wasn't possible 20-30 years back. That's the reason why people have woken up to quality translation and its importance in this era of globalization. Some of the places where translation plays an important role include -
Translation is exceptionally important for companies and businesses which operate in multiple countries and often need to share and receive information from different global offices and branches across the world. In such cases, the shared information needs to be translated into a locally preferred language so that everyone involved is on the same page. Translation is also useful when companies need to tie up with local businesses, or make governmental proposals.
Music, literature, films, and various other art forms transcend global boundaries because of the way they are effectively translated to reflect local languages and sentiments. Translated and subtitled films today generate more revenue than ever for the global film industry, with blockbuster movies looking at China as the next big market, where the success of translated films have led production houses touch the $1bn mark more frequently than ever. And it's not only the film industry which has benefited from translation, as translated music and literature allows artists to earn more royalties and international fame as an added bonus.
Today, international diplomacy is the most important aspect of a nation's external affairs. Be it a global summit or new economic deal, diplomats and world leaders always present their ideas and thoughts in a language they are comfortable in. It is very important that these ideas are translated in an expressive, non-condoning, and accurate manner, barring which it can lead to significant problems between diplomatic relations of two or more nations.
Unless transferred and translated properly, world news would be nothing more than gibberish when received by news agencies. Whether it is news coming from local bodies, regional centers, or even countries with strict news censorship, translation serves as an effective tool without which news will remain ineffective and unreliable.
Translation can effectively help in solving one of the biggest tourist dilemmas, that of being short-changed or fleeced by unfamiliar people in foreign destinations. At the same time, translated tourism materials not only help tourists feel welcome in an unknown country, but also boosts the country's popularity as a tourist friendly destination, thereby leading to significant tourism-related revenues.
As aforesaid, inaccurate translation can alter the intended message for your business as well, and have negative effects on your operations, especially in a new country. If you are looking to get a foothold in a foreign region or expand your business globally it is important to identify and partner with a company which can provide you with accurate and worthwhile language translation services.
The most important business destinations of today are the BRIC countries, i.e. Brazil, Russia, India, and China. Anyone with proper business acumen will know that it is in these emerging markets that new fortunes will be forged, as it is widely forecasted that the BRIC countries will overtake the G7 countries within twenty years in the amount of business revenue earned.
For many businesses, the biggest question is how to outsource translation services, and what they can outsource. Outsourcing not only offers a cheaper, more effective alternative to traditional translation services, but also offers you access to the expertise and technical resources that translation requires.
Some of the services that can be outsourced include -
Whether you want to introduce your products / services to a new part of the world or be accepted as a worthy equal in a predominantly conservative commercial society, translation can help you achieve success that not even the best marketing campaigns can offer.
If your plans for global expansion are limitless, you need a service partner like Outsource2india who can offer you the translation services that live up to your requirements. Contact us right away for a zero obligations quote!
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