Money Talks As Long As You Understand the Language

©iStock/romeocane1

Problem:  Language barriers can hinder international commerce.  Solution: Language barriers can be solved by machine-based translation programs, which are becoming sophisticated enough to enable people in different countries to communicate as if they spoke the same language.

But online buyers beware:

While machine translation is getting smarter, many consumers still have memories of the humorous, incorrect outputs they’ve gotten from Google Translate and other programs while trying to send emails or complete homework assignments. For businesses and customers to trust the technology in a commercial setting, users need to feel more secure about the results since their cash is on the line.

Read more about new technology that could turn small businesses into international companies.