LSPs moving toward hourly rates for linguists? Edit distance a viable metric long-term? Are regulations important to translation demand? Will Rev recover from bad press over transcriptionist pay cuts?
Will regulatory changes favor the language industry? What practical impact will NLP have on the market? Who uses RSI apps? Should LSPs pursue the language data market?
GDPR, the General Data Protection Regulation, is soon to be introduced across Europe, and is prompting LSPs to update policies and practices relating to their handling of all types of personal data.
Government procurement, new legislation, and regulatory reforms shaped the demand for language services in 2017. From accreditation reforms in Australia to new laws and legal tussles in California to translation directives in India and Dubai, there were hot-button issues in the industry across geographies.
A new EU regulation requires financial institutions to provide retail investors with information on packaged retail and insurance-based investment products (PRIIPs) in their own language by January 2018.
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