The market for e-learning services is expected to grow by over $36 billion over the next four years. It is growing at a rate of 17% a year, which makes it one of the fastest growing industries in the world.
Despite the massive interest in e-learning, the general population still doesn’t know much about it. It is often believed that digital technology can only be useful for educating people in the academic setting. However, it has been proven to be remarkably useful for training in the commercial sector as well.
This will help many companies appreciate the benefits of using a e-learning software development company.
Digital Technology Changes Employee Training Process
Today almost all sectors are undergoing process automation and are increasingly dependent on data analysis. As a result, many companies are reorienting their working methods and implementing new technologies to keep improving.
Technology has begun to take the place of human workers, especially for repetitive and administrative tasks. In turn, this is causing drastic changes in the market and in job offers.
Despite the fear and threat posed by automation and Artificial Intelligence (AI), companies are looking to capitalize on the investment in technology, which is leading to a revolution of roles within companies. By automating the most basic tasks, workers will be able to focus on more innovative and higher-value activities for the company. Technology can also help them learn new skills more quickly.
Also, with automation and more sophisticated analytics systems, companies will begin to create new roles targeted at expert workers who are proficient in these new technologies.
To succeed, modern workers will need to acquire new skills. This is something that cannot be ignored.
According to a recent study by Capita Resourcing, 54% of business leaders believe that HR departments should devote more time to training and developing automation in the next five years. The World Economic Forum reports that over half of all employees will require reskilling in just three years.
New technologies should also serve to democratize training in the company. By opting for collaborative platforms and tailor-made training modules, a high level of training quality can be guaranteed for everyone.
Digital Technology Must Be Incorporated into the Training Process to Prepare Employees for Technological Changes
Companies make a lot of training mistakes. One of them involves not having the right technology at their disposal.
Virtual reality tools also have enormous potential to improve employee learning and performance. For example, they can help them develop their customer speaking, pitching or public speaking skills using simulations of relevant situations with different audiences and reactions.
By implementing these new methodologies and training systems, HR will be able to provide the necessary support for workers to develop the functions that their jobs require. Companies will have the skills they need to consolidate the benefits of new technologies and ensure that workers are positioned to generate higher-value business in the future.
Some of the other benefits of using digital technology for the employee training and education process are less obvious. However, they are also incredibly important and should not be overlooked. Companies will need to know how to utilize them effectively if they want to make sure that their employees get the most out of these programs.
Data analytics can be synthesized into employee training modules without a ton of work. Data analytics technology can also be incredibly important for monitoring of the results of employee performance during training tasks. This helps supervisors see which employees are struggling the most with the material, so they can figure out whether or not they need a custom training program to be developed. They can also see which concepts have proven to be most difficult for all employees across-the-board. They can use this information to simplify the training program if necessary or consider having specialist handle those roles instead.
New digital technology services can also help employees with certain challenges. A number of new tools help employees with certain disabilities. Some disabilities might not get as much sympathy or attention as they deserve, such as Attention Deficit Disorder. However, this can be a very real challenge for many employees, so digital technology can do a lot to help them with it. Even something simple like recording the training courses for them to review later can be very helpful.