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The importance of translation

September 6, 2013 4:19 pm Published by

The world is getting smaller. You can get to and from more places faster than ever before, and technologies are continuously revolutionising the way the world collaborates and conducts business through global communication. However this doesn’t mean that that languages are getting any easier to understand, or that translation is becoming any less important, particularly when you are conducting business across the globe.

New technology has brought us opportunities that could bring financial and social equality to previously inaccessible markets. However, because communication is one of the most important secrets of virtually any prosperous business and the number of counties businesses are expanding into is also on the up, the need for translation in multiple languages is paramount. 

The worldwide language services market is growing at an annual rate of 7.4% (reflecting the growth in global business) and estimates for 2014 put the world market at some $39 billion, according to research by Common Sense Advisory- one of the fastest growing industries in the world! FTT have already helped STP Nordic save over £100,000 on their batch international payments last year.

On the 26th and 27th of September the FTT team are attending the ATC Conference and will be there to work with the translation industry to help support them make the most their buying power as an industry.

Noel Goddard, Managing Director of FTT will be talking on ‘The power of the crowd in Foreign Exchange and payments’ and the team will be on hand to help find out how much you could save on your foreign currency payments. Register for the event here.

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This post was written by Kayleigh Driscoll

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