I think it would be great if we can get a transcript of event on recorded events that take place .sometimes I’m not able to get a clear enough audio.

Welcome to the Wyze community @ruleleesean!
Would this be like captions of what is being said? This might be hard considering that an A.I or human would need to do this.
You should make a #wishlist item for this.

If you can’t understand what’s being spoken why would you expect a machine to?

You could certainly try running the audio tracks through other software (Nuance or others).