Article by Roman Civin and Yani Golocovsky.
If you’re running a small- or medium-sized language service company, you may be surprised to learn about your potential in the mergers and acquisitions (M&A) space. When it comes to expanding your reach and boosting your market value, you can play a much more active role in M&A than you can imagine.
The language services industry is a diverse space by its very nature as its primary purpose is to connect people from a vast number of language and cultural backgrounds. Communication is at the core of all human interactions and where there is a need for communication, there is a need for language services.
Remote interpreting solutions have been both in development and in use for a long time now. However, prior to the COVID-19 pandemic, uptake was slow. The onset of the pandemic changed this drastically, and, ever since, it seems that the growth, innovation, and investment in this field has been unstoppable. Once considered an afterthought or sub-par alternative to onsite services, remote interpreting has stepped out of the shadows to become the key to continuity of business and care in many industries.
Introduction The language services industry is undergoing a profound transformation with the emergence of cutting-edge technologies such as ChatGPT and large language models (LLMs). These powerful language generation models have captivated the attention of businesses and language professionals alike, offering exciting possibilities for translation, localization, and content creation. In this article, we will explore the […]
If you follow Nimdzi Insights then you know that we like to create rankings. Why, you ask? The answer’s simple. We — along with our clients and industry peers — like to know who the top players are in any given field or area. We look at the global market for language services as a whole, as well as in-country markets and leaders in specific industry verticals and services.