Learning in 2020: Context Overview
With the economic and social changes created in the current landscape, tech leaders are looking now more than ever to introduce digital capabilities to the learning system, moving towards a safe, digital future of educational activities.
To respond to the recent social and economic challenges and reduce the impact of required social distancing, both corporate and academic e-learning programs have become almost overnight the go-to alternatives to traditional, in-person learning.
Digitizing Training and Education
Learning management systems (LMS) are software applications that offer an end-to-end e-learning experience: from administration and documentation to tracking, reporting, and delivering training programs, educational courses, or learning and development programs. LMS as a category have seen a growth in popularity, especially in the corporate sector. With so many companies being forced to move their business online, LMS have proven very useful in ensuring business continuity while keeping organizations connected with both their employees and customers.
However, despite the many benefits that e-learning brings to the education sector, there are still some pitfalls to consider before embracing online learning programs. Whether we are talking about security risks, GDPR compliance, or video-streaming quality issues, any of these challenges can make the e-learning process much more complex.
Let’s explore the infographic below to understand the current state of corporate and academic e-learning programs, their benefits and concerns, and popular tech trends enhancing their digital capabilities.
As a global software engineering and technology consultancy group, we take an interest in keeping our customers and partners updated with the latest trends in the industry. With our experience in building education software and digital learning platforms for the North American, European, and Asian markets, the applications we help build serve millions of students and educators daily.
Whether you are building a next-generation learning platform or driving an ambitious digital transformation roadmap for your school, university, or enterprise, we can help engineer your vision by bringing together software expertise, know-how, and fast Build services using modern technologies and concepts such as web scale architectures, microservices, deep learning, artificial intelligence, advanced analytics, IoT, and Cloud services.
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Did you know that…
- …since 2000, the e-learning global industry grew by 900%
- …the e-learning industry is expected to triple its size from 2020 to 2025
- …by the end of 2020, the mobile e-learning market is expected to grow to $38 billion
- …by 2025, the global e-learning market is expected to reach $325 billion
- …the US and Europe markets account for more than 70% of the global e-learning industry
- …in 2020, the VR/AR education software is projected to reach $300 million
Key growth drivers for digitalization of the education industry
- Increasing penetration of the Internet in many regions across the globe
- Declining hosting cost and growing need for accessing educational content
- Increased effectiveness of animated learning and enhanced user experience with AI and IoT
- Growing adoption of cloud-based education platforms
- Increase in the volume of online educational content
- Lack of staff in various schools and colleges across the developing nations
The current state of corporate e-learning
- more than 40% of Fortune 500 companies are using e-learning regularly and extensively
- 72% of global organizations report that e-learning give them a competitive advantage
- close to 70% of organizations offer mobile learning
What e-learning benefits do companies report?
- 50-70% cost savings in replacing an instructor with e-learning methods
- over 200% higher revenue per employee with online training programs
- 25% – 60% increase in employee retention rates
- 40% – 60% reduction in employee training time
Opportunities created by Learning Management Systems (LMS) at an enterprise-level
Learning Management Systems (LMS) are platforms that help instructors manage and organize educational materials online and conduct online courses.
Did you know that by 2023, the LMS market is expected to be worth over $22.4 billion?
Learning Management Systems (LMS) for employee onboarding
- to help newcomers learn more about the organizational culture, get familiarized with the standard business procedures and the company’s range of products and services
Learning Management Systems (LMS) for employee development and retention
- to design courses that will ensure the employees’ enhancement, following a set track of training and development goals, to be up-to-date with new trends and new product features
Learning Management Systems (LMS) for customer training
- to assist clients on how to effectively use the company’s products and harness their full potential, thus gaining their trust and boosting sales enablement to gain more revenue
Top features and capabilities to consider when choosing an Learning Management Systems (LMS)
- Compatibility and multiple-device support
- Tracking and reporting features
- Gamification tools to boost user engagement e.g. badges, trophies
- Compliance with technical standards e.g. SCORM, xAPI, AICC
- Assessment and testing tools
- Mobile app quality and access
- Course management features e.g. catalogs, registration, grade books
- Collaboration tools e.g. live chat, discussion boards
Digital trends enhancing LMS capabilities
…by the end of 2020, 30% of learning and development professionals want to incorporate games and simulations into their e-learning programs
…microlearning (i.e., where learners choose small-sized learning modules to interact with educational content) is 17% more effective than traditional learning
The current state of academic e-learning
- 60% of students specifically choose to learn online instead of attending a campus
- 87% of students use mobile devices to search for their online course
- 67% use their mobile devices to complete coursework
What do students say about the benefits of online learning?
- 81% – useful for improving their grades
- 43% – helpful when doing homework
- 25% – 60% – increase in knowledge retention
- 36% – useful for organizing their schedule
Why are companies and universities still concerned about e-learning?
Top 3 reasons why employees are reluctant to using corporate LMS platforms
- 52% – inability to integrate with other digital systems
- 51% – bad user experience
- 24% – limited or no mobile capabilities at all
Most concerns about academic online classes report that…
…students without laptops or tablets may not be able to access online content and mobile screens can be too small;
…there is a high rate of computer illiteracy, especially in more remote rural areas;
…it is very challenging to ensure remote student engagement and retention, or enforce an efficient evaluation grid whilst reducing the risk of cheating.
Technical IT issues
- Information security and privacy risks
- Cloud computing scalability costs
- Video-streaming quality issues
- Internet bandwidth and lack of IT infrastructure