The concept of eLearning focuses on the use of electronic media and information technology in education. The core idea is that anyone (with an internet connection) can have access to educational information, anywhere in the world. It’s like having thousands of students in one class, all in the front row, and they all focus on what the professor is teaching.
Besides this ability to reach a very broad audience, eLearning courses have other advantages:
According to a study published in January this year by Infiniti Research, the global corporate eLearning market is to grow at a CAGR (compounded annual growth rate) of 5.23% over the period 2013–2018. One of the key factors contributing to this market growth is the increased need for effective cost savings. At least 50% of corporations reduced their costs (both money and time) after replacing traditional instructor-based training with eLearning.
One major trend being seen in the eLearning market is the increasing demand for tablets in enterprises. This is because tablets help enterprises better control and manage support costs. In organisations, enterprise mobility is on the rise, making eLearning on tablets almost a necessity along with other business-related activities. On the basis of technology, learning on tablets has become more effective for corporates than learning on mobile devices because of their screen size, which offers a better learning area.
Companies who use eLearning tools and strategies have the potential to boost productivity by up to 50%. For every $1 a company spends, it can receive an estimated $30 worth of productivity.
For multinational companies, having eLearning available means that training can quickly and cheaply be repurposed to be used by non-English speaking employees. eLearning translation means that you only need to produce the training materials once, and then have the content translated and deployed to your non-English speaking staff. There’s no need for a host of trainers, and all the recording tools which come with eLearning packages can be integrated into your current systems.
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