Video transcription is the process of translating your video's audio into text using automatic speech recognition technology, human transcriptionists, or a combination of the two. Without video transcription, your videos rely solely on audiovisual material to convey information.
Audio transcription is the process of converting speech in an audio file into written text. That could be any recording featuring audio - an interview recording, academic research, a video clip of your great grandmother's speech at her birthday party or a recording of a company town hall.