November 2024 - Delingua

For many companies, the financial period is a calendar year, which means that the financial period ends at the turn of the year. At the end of the financial period, companies must remember to provide their auditor with, for example, receipts, possible loans, investments or changes in the activities of the company as well as to carry out an inventory.

The new financial period also brings certain things to remember. At the beginning of the year, an annual report on the previous year will be drawn up and a meeting of the Board of Directors and an annual general meeting will be arranged. It is a good idea for companies operating internationally to prepare the annual report in all of the languages used in the company to allow owners and investors to get acquainted with the figures and events of the previous year. If the company has foreign owners, it would also be advisable to arrange annual general meetings in such a way that everyone attending them understands what is being said. In such cases, professional interpreting is justified.

We are happy to help when you need to have the annual report translated or interpreting arranged for the annual general meeting. From us, you can order a translation of your annual report and interpreting for the annual general meeting. We have compiled a few tips below to keep in mind when the annual report and the annual general meeting are topical.

Tips for having an annual report translated

When ordering a translation of the annual report, it is worthwhile to get in touch early enough. Annual report projects are ordered and scheduled well in advance, and professional translation agencies will be busy in the first months of a new year. Be sure to be on time, allocate enough time for the translation and involve the translation partner already in the planning phase of the annual report.

Reference material makes translation easier, and annual reports are no exception. You can provide your translation partner with previous annual reports or other material in the target language, for example. This gives the translator an indication of the company’s terms, specialised terminology and style of the translation.

Also, decide in advance on the file format of the annual report. If possible, translations should be made directly in the original file format. The translation partner should also be informed of any exceptions, for example regarding the figures.

The annual report is often a highly confidential file and should not necessarily be delivered for translation by email. The file can be delivered over a secure connection through the translation agency’s ordering portal, for example. If the company does not have a written agreement with the translation agency, it is advisable to sign a possible non-disclosure agreement well in advance of the start of the translation project.

You will find more practical tips in our annual report guide (in Finnish).

Tips for interpreting for the annual general meeting

If international participants are attending the annual general meeting, they should be provided with professional interpreting. Conference interpreting, which practically means simultaneous interpreting, is the most suitable method of interpreting for an annual general meeting. In simultaneous interpreting, the interpreter interprets at the same time as the speaker speaks. The speech to be interpreted is transmitted to the interpreters’ headphones with the aid of interpreting equipment and interpreting is then transmitted by microphone to the listeners’ headphones. Interpreting can be arranged on site, as a hybrid model or entirely remotely. Interpreting can be arranged whether all of the participants or only some of them are physically present at the meeting or whether the meeting is held remotely.

When planning interpreting arrangements, the following factors, among others, must be taken into account: which languages the meeting will be interpreted into, what the main language of the meeting will be, and where and when the meeting will take place. It is also a good idea to provide the interpreters with advance material that will facilitate successful interpreting. Advance material may include the schedule as well as the documents and presentations of the meeting. Any other material in the target language also helps the interpreter to maintain terminological consistency.

Interpreting for foreign-language participants makes them feel that they have genuinely been taken into account in the arrangements of the meeting. We have prepared guides on interpreting for an event (in Finnish) and on remote interpreting. The guides will provide you with comprehensive information on what to take into account when arranging on-site and remote interpreting.

Delingua helps you at the end of the financial period

Now is a good time to order a translation of the annual report and arrange (remote) interpreting for the annual general meeting; we are happy to help. Contact us via email in matters concerning translation and interpreting; we promise to get back to you as soon as possible!

While AI translation represents a significant leap forward in the field of machine translation, it shares common ground with its predecessors. At its core, both AI translation and traditional machine translation methods aim to facilitate cross-linguistic communication by automatically converting text from one language to another.

However, what distinguishes AI translation is its utilization of advanced neural networks and deep learning algorithms, enabling it to surpass the limitations of earlier approaches. This article explores the evolution of machine translation, highlighting how AI translation builds upon and enhances the foundations laid by its predecessors to redefine the way we break down language barriers in the modern world.

AI translation vs machine translation

AI translation and machine translation are terms that are often used interchangeably in discussions about automated language translation technologies. However, there are nuanced differences between the two, primarily in terms of the technology and methodologies they employ. Understanding these distinctions is crucial for appreciating the advancements in the field of language translation and the capabilities of current technologies.

Machine translation (MT)

Machine Translation refers to the use of software to translate text or speech from one language to another without human intervention. Historically, MT has evolved through several stages, each marked by different approaches and technologies:

Rule-based machine translation (RBMT)

This approach relies on a comprehensive set of linguistic rules and bilingual dictionaries. It translates by analysing the source text based on these rules and then applying the corresponding rules in the target language. While RBMT can be highly accurate for languages with a limited scope and well-defined rules, it struggles with the complexity and variability of natural language.

Statistical machine translation (SMT)

SMT models translations based on the analysis of large amounts of bilingual text data. It uses statistical methods to predict the likelihood of certain words or phrases being a correct translation. SMT marked a significant improvement over RBMT, offering more flexibility and better handling of languages with less rigid structure. However, it still faced challenges with context, idioms, and linguistic nuances.

AI translation

AI Translation is an advanced translation technology. It incorporates artificial intelligence, especially deep learning, and neural networks, to model the entire process of translation in a way that mimics human brain functions.

Here are the key features that distinguish AI translation:

Contextual understanding

Unlike its predecessors, AI translation can consider the entire context of a sentence or paragraph, rather than translating piece by piece. This holistic approach allows for more accurate and natural translations, especially in complex or ambiguous situations.

Continuous learning capabilities

AI systems are designed to learn and improve over time. By analysing vast datasets and learning from corrections, AI translation models continually refine their understanding of languages, idioms, and cultural nuances. This self-improvement aspect is a hallmark of AI technology.

Adaptability

AI translation models can be adapted and specialized for different domains (e.g., legal, medical, technical) much more effectively than traditional MT systems. They can learn the specific vocabulary and stylistic preferences of a field, leading to higher quality translations in specialized areas.

AI translation is machine translation evolved

While machine translation laid the groundwork for automated language translation, AI translation has significantly advanced the field. The key differences lie in AI translation’s ability to understand and translate text in context, learn from interactions, and improve over time. These capabilities make AI translation a more dynamic, accurate, and effective tool for overcoming language barriers, especially in professional and specialized setting.

This article was originally published by LanguageWire Company (Verity Hartley).

Archives for November 2024

Financial period ends – how can we help you?

AI translation or machine translation: what’s the difference?