Story highlights Skype Translator offers near-real time language translation during video calls

A beta version will be launched as a Windows 8 app later this year

The new technology promises improved speech recognition compared to previous methods

Skype users will soon be able to conduct voice and video calls supported by a near-real time translation technology.

And while it can't yet guarantee that no fine detail will be lost in translation, Microsoft's new idea for its video chat platform surely feels like something straight out of science fiction.

No longer will our hopes for such a marvel be tagged to imaginary aquatic creatures -- the Babel fish from "The Hitchhiker's guide to the galaxy" -- or improbable "telepathic fields", such as the one cast by Doctor Who's TARDIS to relay any alien language to its pilot in plain English.

It all sounds, in fact, quite similar to what Klingons in Star Trek use to make their generally belligerent intentions quite clear: an unseen, but ever-present, "universal translator".

"The idea that people don't understand each other, it's going to be a thing of the past," Gurdeep Pall, Corporate VP of Skype, told CNN's Richard Quest.

"In the same way it's hard to imagine a world before you were able to travel to different places and quickly, whether it be in a car or a plane, we'll never think about, wow, those were the dark ages where people couldn't understand each other. That's where we're headed."

Called Skype Translator, the add-on builds on the research done for Microsoft Translator , and uses a technology called Deep Neural Networks, which yields significantly better speech recognition results than previous methods.

It will be available as a Windows 8 beta app before the end of the year, but Microsoft is already showing off its English to German functionality, as you can see in the video above.

It is still unclear whether the service will be free for the 300 million Skype users, or will be extended to other platforms.

Microsoft is not alone in its quest for a universal translator. Google already offers translation by voice in its Google Translation service and is also working on integrating real-time translation into Android. And Sigmo , a Bluetooth device that promises real time speech translation in 25 languages, went through a successful crowdfunding campaign last year.

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