Coronavirus changes learning processes and takes tomorrow’s collaboration to the next level

Incredible facts & stats that reveal the power of E-Learning

  • The E-Learning market is now 22 years old. The word E-Learning was coined back in 1998. This is the year of Google’s launch.
  • The global E-Learning market is expected to be worth $ 325 billion in 2025.
  • E-Learning requires 40–60% less time than learning the same material in a traditional classroom.
  • E-Learning allows learners to assimilate five times more material for each training hour.
  • E-Learning increases retention rates by 25–60%, while the retention rate of face-to-face training is by 8–10%.
  • Gamification learning is the fastest-growing trend, followed by Microlearning, Virtual and Augmented Reality.
  • E-Learning for companies grew by an astonishing 900% between 2001 and 2018.
  • Companies that use E-Learning technology are archiving a 10% increase in employee engagement.
  • 42% of companies say that E-Learning has led to increased revenues.
  • Revenues generated by each employee are 26% higher for companies that offer training using technologies, including e-Learning.

E-Learning, a booming global industry

The COVID-19 pandemic has led to a decline in demand for many services around the world, but one sector that has seen a significant increase in demand is the global E-Learning industry. Even before the outbreak of the Coronavirus, the global E-Learning industry (academic and corporate learning) exceeded $ 170 billion in 2019, and according to a Technavio report, is expected to triple in size by 2025, reaching $ 325 billion.

The impact of COVID-19 on Learning

According to the World Economic Forum, approximately 1.2 billion children were out of classes, with schools closed globally due to the COVID-19 pandemic. As a result, schools discovered distance learning for themselves.

Crisis provides valuable opportunities

  • The coronavirus crisis is an opportunity for educational institutions and companies to advance digitization.
  • Communication and knowledge sharing, in particular, can be improved with digital tools.
  • The bravest, move project management, HR processes and workplace collaboration to the next level.

Challenges encountered in the orientation towards Virtual Learning

The Education Technology (EdTech) sector is not without its challenges. Parents need to adapt to their children’s schooling and employers use virtual platforms to facilitate training, collaboration and meetings. According to last reports, people still show a lack of understanding of EdTech — 13.6% of respondents have never heard of EdTech, while 35.6% have heard of it but do not know what it is. Many teachers (60% in academic schools) consider that there is a lack of training in these new technologies, which means that they are struggling to adapt to them.

Resource adaptation: best practice tips

To make their E-Learning offer as accessible as possible, educators and corporate learning providers need to take steps to adapt their existing resources.

  • Resources need to be updated and add value to the learners. Being it an educational or corporate learning environment, it is not enough to simply take old resources and upload them online.
  • E-Learning content needs to be optimized to fit the devices that learners are most likely to use. In today’s world, and when many people suddenly find themselves working from home, they are more likely to have access to a smartphone than a laptop.
  • Team or partner work/activities will need to adapt to suit to a virtual environment. Businesses need to concentrate on facilitating collaboration and information transfer between remote teams, improving functional skills, exchanging expertise, and training for entry-level workers and newcomers.

How Indrivo supports Educational Institutions and Corporate Learning

As COVID-19 continues to spread, education institutions are betting big on technology to maintain continuity of education. E-Learning is the future for educational institutions and corporates.

  • Workflow Management;
  • E-Learning Integration;
  • Adaptive learning with Machine Learning processes.
  • Workflow Management;
  • E-Learning Integration;
  • Single-Sign-On Authentication;
  • Secure algorithm for tests bunches definition.
  • Workflow and Roles Management;
  • Training and Course Management;
  • e-Commerce;
  • Reporting.

No matter what happens in the world and the distance between the organizations, educational institutions and people, we are here to help you develop E-Learning solutions and facilitate remote learning.

www.indrivo.com

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Indrivo

Indrivo

Technology Solutions for the Digital Evolution. Information Technology and Agile Transformation Services.