How Modern Learning Technology Addresses Learning Software Dissatisfaction
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Why Learning Technology Is So Hot Right Now

Docebo’s eBook free LMS Project Toolkit was designed to give you a thorough understanding of various aspects of learning platforms and learning technology in general. According to a recent study by Technavio, the size of the global corporate eLearning market will probably reach an approximate amount of 31 billion dollars in revenue by the end of 2020. Also, the corporate eLearning market will probably grow at a CAGR of 11.41% during the 2016 to 2020 period, according to Technavio’s analysts.

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Dozens of new types of learning and training technologies made their appearance in the marketplace in the last decade. Gamification, mobile learning, and social learning have all become buzzwords within the L&D community. These new technologies offer the advantage of the ability to reach a wider number of trainees at a fraction of the cost of the traditional instructor-led classroom model.

The corporate eLearning segment includes all forms of electronically-supported learning and teaching tools used by firms and organizations to facilitate continuous learning and development of their workforce. eLearning allows organizations to switch to more advanced learning and teaching models that use digital formats to integrate information.

As the economy improves and the talent market tightens even further, many companies are realizing they will no longer be able to rely on external recruits to supply the skills they need. A variety of organizations are choosing instead to increase their investment in developing employees internally. However, a certain question arises. What are the main drivers of this huge growth? Enterprises have started considering eLearning as a viable solution to their budget and productivity-related issues, as changing business needs and technology improvements have encouraged the adoption of eLearning solutions at the expense of traditional teaching methods.

There are four technologies that are currently driving business innovation, namely social, mobile, analytics and cloud. The introduction of social, mobile, analytics, and cloud technologies has also facilitated the adoption of eLearning solutions. Another main driver is a growing attitude towards self-training for job related purposes, based on personal initiative. According to the Pew Research Center, 73% of adults consider themselves as lifelong learners, 63% of those who are working or 36% of all adults are professional learners, which means they have taken a course or received additional training in the past 12 months.

Why Is There Dissatisfaction About Learning Technology Today?

Docebo’s free LMS Project Toolkit was created with the intention to educate you on learning platforms and to provide explanations to the overall dissatisfaction with today’s learning technology. As extensive studies by Brandon Hall Group have found, there is a raging dissatisfaction about current learning technologies. About 44% of companies are actively considering replacing their current LMS. This number is up 16% from 2015. Additionally, they are looking at adopting new approaches altogether. Another 34% of companies are actively exploring new or different learning technologies.

After careful examination of all these percentages a certain question comes to mind. Why does this dissatisfaction exist, and what kind of LMS meets the rapidly evolving needs of a learning audience? Docebo’s free LMS Project Toolkit was designed to give answers to such questions. Organizations today are facing extreme changes in the learning requirements of their employees. Particularly, the influx of Millennials into the workforce has shifted the way organizations need to create and deploy their learning.

These new sets of learning requirements are forcing companies to rethink their learning strategies. World-class organizations are responding to the challenge by reassessing their learning technology selections. There are 5 reasons for this change.

Firstly, old learning management systems focused solely on pushing online courses to learners. Learners then, needed courses on how to use the learning tool. The reason for this was that usability and learning experience were not intuitive . Additionally, administrators required a vast amount of labor intensive, manual work to keep the system functioning and up-to-date.

It’s equally vital to provide continuous learning opportunities in order to retain top talent. What’s more, video recording devices are everywhere and, consequently, user experience content has improved. Last but not least, fast-paced environments create changing business pressures. One of these business pressures is a productivity rate increase. Another one often is the ability to stay agile and current in order to remain as a differentiator.

However, why is there such an urgent desire to switch to a new LMS? In a Bersin & Associates survey, one quarter of respondents said they were likely to switch their LMS within one year. A commonly cited reason for LMS replacement is a complicated system interface. Some others include inadequate reporting, poor client support, inability to scale, outdated features and excessive fees.

How Modern Learning Technology Addresses Learning Software Dissatisfaction

The learning software industry is immense right now and this is one of the main reasons why Docebo felt the need to create the free LMS Project Toolkit to focus on this popular subject. Modern learning technology addresses enterprises’ need for measurable outcomes.

Specifically, an LMS can help businesses start to blend formal and informal learning, and connect learning to performance. Next-generation learning management systems have evolved from rudimentary training platforms to powerful systems. These Learning Management Systems possess a complete array of features that serve both the administrator and the learner.

According to Josh Bersin, principal and founder of Bersin by Deloitte, “Today, driven by mobile smartphones, bandwidth, social networking, and cameras everywhere, we learn through video, content sharing, MOOCs, and recommendations from others. The modern learning world is full of expert-authored videos, expert blogs and articles, tweets, webcasts, and an ever-expanding marketplace of external and internal content. The LMS must become a true ‘learning system.’ Within the chaotic learning environment, the biggest priorities within technology are social and mobile solutions”.

Modern companies do not need difficult to use learning platforms. They also despise complicated system interfaces, inadequate reporting tools or poor client support. They demand decent scalability potential, functional learning platform features and all this at an affordable price. Read the article Learning Platforms: The Ultimate Pocket Guide and get educated on common features as well as benefits of learning platforms.

Download the free LMS Project Toolkit by Docebo and gain further insight into how to build your business case to convince your executive team to invest in a learning platform. The free LMS Project Toolkit will also inform you regarding things to consider when looking for learning platform vendors.

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