Is this doable or closest way to work on this?

Example:

We have multiple user using difference language ex English, French, Spanish etc.

So if i am the user using language english then enters a record with english data. Let say i enter a data on a field "Inches".

Can that stored data be translated once a user with different language entered the record? So if the user using spanish language. The stored english data "Inches" will be translated to "pulgada". 

The example is ambiguous. You can have different interface labels and display them conditionally based on user's preference. Naturally, these labels need to be prepared in advance.

If you want to actually translate user's input to another language - without knowing in advance what the input might be - you might be able to use an API.