Progress has affected all spheres of life and more so in the field of Education and Training. Innovative methods of e-Learning are replacing classroom and corporate training. Companies are making sure that e-Learning helps them improve competitiveness by providing their employees with the latest information on market conditions and trends.
The e-Learning industry has grown by 900% since 2000!
So why has online-education become incredibly popular?
In search of answers, we conducted a thorough analysis and compiled a list of “Top 10 advantages of e-Learning”, both for universities and companies and their students and staff.
- HIGH EFFICIENCY
The main reason why more than 41% of the Fortune 500 companies are already using a form of LMS is Efficiency, which is achieved by a number of factors:
- Greater involvement of students and staff through video conferencing, Cloud-based interactivity techniques and interesting material supply. Compared with the usual lecture or notes (8-10%), this form of training allows learners to store up to 60% of the information/notes.
- The possibility of individual approach allows Admins to provide students or employees with a program which is based on their respective needs and experience. The assessment of a learner’s knowledge can be done during quizzes, and their feedback can be used to design the training content. This allows admins to remove unnecessary sections from and add the missing elements to the courses. In addition, all learners can take their training when convenient and watch videos and presentations as many times they want.
- A more direct connect between the coach and an employee provides a disclosure of personal potential by eliminating the audience factor. Learning Management Systems offer the chance to get a professional teacher consultation at any stage of training. Personal communication is possible in writing, by Skype or during the webinar.
- One of the problems of classical education and textbooks is the inability of timely updates. Learning management systems allow you to add additional information, video, data and lectures as required. This factor is very important in high-growth and high-tech industry nowadays.
- LOW COST
- There is a misconception that online learning is more expensive than in-person training. But this is wrong. In the classical form, the approximate costs per employee are USD 5000-7000 (coach, teaching materials, transportation costs, renting premises, and in some cases even accommodation).
- Investments in e-Learning platform reduce these costs by 30-40% and include: the acquisition of an e-Learning Management System, configuration of the system according to one’s business needs, and creating the online training content. For example, IBM reduced their training costs by $200 million after switching to e-Learning technologies.
For Universities, using e-Learning platforms has reduced the cost of acquiring each student substantially thereby reducing the cost of the courses. This in-turn attracts new entrants with lower financial resources. At the same time, the more students study remotely the lower the cost of learning. Statistics indicate a 50-60% savings.
- ADDITIONAL INCOME
- Under a system of online education exists a hidden financial benefit. The Company accounts for all investment in its employees and calculates the Cost to Benefit Ratio. More than 42% of companies reported an increase in revenues during the implementation of e-Learning. IBM estimated that every dollar that was spent, brought $30. This is due to higher operating personnel, who can get to work and use the knowledge gained almost immediately. This is particularly important and noticeable in the field of sales.
- MORE COVERAGE
- This is one of the most obvious advantages. Given the high costs and space limitations related to classroom training, companies have to reduce the number of students. This leads to stagnation of professional staff and, as a result, a decrease in profitability of the enterprise. The e-Learning methodology allows an Organization to improve employee skills in one department at the same financial and time costs as the entire company or organization.
- For Universities: e-Learning has become a revolution for educational institutions as it gives its students the opportunity to attend not only from the physical location of the institution in a given city but from the whole world. People with disabilities, young mothers, people living in remote villages who could not attend classes due to obvious reasons can now have access to top-notch education, giving them an equal opportunity to do well.
- SAVES TIME
- This advantage is pleasant to both learners and companies. With the availability of authoring tools and inbuilt LMS course builders, development of training material requires 40-60% less time compared with the traditional form. Moreover, the online program saves travel time.
- EASY LEARNING ASSESSMENT AND REPORTING
- Automation of all training processes provides easy evaluation of the progress of each participant at any stage. In today’s LMS’s, Admins can create reports which can show courses which are complete, incomplete and not yet taken; top courses by enrollment, certifications, time spent and also analytics on daily login, feedback, social aspects of learning. These reports can help admins identify the learning trends and evolve their training programs regularly.
- MOBILITY AND INTEGRATION IN THE SOCIAL NETWORKS
- We have all seen the incredible popularity of mobile devices (smartphones, tablets, netbooks, etc…). Everyone wants to travel and work in different cities and countries while remaining an integral part of an organization and get new knowledge about its vision and growth. An LMS allows you to access the training on Mobile devices and on the go.
- Social Networks – another integral part of the modern man and businesses. Companies and Universities integrate e-Learning in Facebook, Twitter and Google Plus to achieve greater efficiency, interactivity and private popularization.
- These two trends simplify the process of acquiring new knowledge by students and staff, but also allow enterprises to receive additional benefits (a great interest of students, the best result, the attraction of new clients, etc.).
- CAN BE USED IN BLENDED LEARNING
- e-Learning can be used not only as an independent element but also in tandem with the traditional system of education, which in some cases is a necessity.
- DATA SECURITY
- e-Learning systems use a secure connection that provides privacy and protection from the spread of personal information of its users.
- According to a research by the UK Open Universities, the e-Learning method uses 90% less energy (compared to classroom instruction or training centers) and CO2 emissions are reduced by 85%. Why? Firstly, students spend less time in transport, and secondly, they do not use stationary at home. This helps the ecology of the planet as online learning reduces the use of paper books and prints.
The rapid development of e-Learning platforms and their benefits are becoming become more noticeable and undeniable e every day. If you want to keep abreast of the latest trends and developments in this area, stay tuned for our future blogs and follow us on FB, Twitter, LinkedIn, Google+ and Youtube