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A translation memory is beneficial in these among other situations:
Content localization from one language to another.
Translations consisting of a high level of repetition.
When translating content out of context.
Any company relying on a content management system.
What Are the Benefits?
With a translation memory, there are no limitations to what languages are supported and the translation is actually being performed by a professional. Benefits include:
Increased Accuracy
Higher Quality
Faster Translations
Able to Take on More Projects
Increased Revenue
Improved Turnaround Time