Service
LMS Development
A learning management system (LMS) is a software application or web-based technology used to plan, implement and assess a specific learning process.
What is an LMS?
A learning management system is a software application for the administration, documentation, tracking, reporting, automation, and delivery of educational courses, training programs, or learning and development programs. The learning management system concept emerged directly from e-Learning.
How does LMS benefit businesses?
Reduced Costs. One of the most significant advantages of eLearning is that it drastically reduces costs for the companies that implement it.
- Reduction cost of training
- Scalable and Available
- Measurable Impact
- Updates with Convenience
- Personalised Training and Reports
- Increase Employee Retention
- Boosts Productivity
Top LMS for a Business
How much does LMS cost?
Licensing fees typically range from Rs 20000 per month to Rs 100000 per month, including the cost of the setup additionally. This pricing model is best for higher education institutions or medium or large companies with existing data centers and internal IT staff. Currently, the LMS market in India is very impressive.
Features to look before you buy LMS
1. Authentication and Authorization
2. Content Planning, Scheduling and Publishing
3. User management
4. Personalised Course Recommendation
5. Performance tracking
6. Engagement and notifications
7. Centralized learning materials
8. Assessment tools
9. Migration
10. RBAC (Role Based Access Control)
LMS Facts & Stats
- 77% of US companies used elearning in 2017, 72% believe elearning puts them at a competitive advantage, and 67% of organizations offer mobile learning (eLearning Industry, 2019).
- 70% of L&D departments in North America use a learning management system (Mimeo, 2020).
- 83% of L&D pros said their executive supported employee learning, but only 27% said that their CEOs are active champions of learning (LinkedIn, 2020).
- 66% of L&D professionals reported that their roles within their organizations have grown substantially in the wake of the COVID-19 pandemic (EBN, 2020).
- 59% of organizations adopt BYOD and 67% of employees use personal devices to access work (TechJury, 2021).
- 75% of employees prefer video-based learning over reading information (Designing Digitally, 2019).
- The global LMS market was valued at $8.76 billion in 2019 and is expected to grow to $38.10 billion by 2027 with a Compound Annual Growth Rate (CAGR) of 19.7% during the forecast period (Fortune Business Insights, 2020).
- The global elearning market is projected to be worth $325 billion in 2025 (eLearning Industry, 2019).
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- The corporate elearning market is anticipated to grow at a CAGR of about 8% from 2019 to 2025 (Docebo, 2020).
- Large companies—those with high technology spending to provide employees with an accessible and standard training environment—comprise 30% of global LMS buyers (Docebo, 2016).
- Mobile learning is projected to reach a market size of $80.1 billion by 2027 with a revised CAGR of 20%. Growth is accelerated by COVID-19 lockdown (Research and Markets, 2020).
How does STABLX LMS Consulting service work?
- 1. Identify your learning needs
- 2. Define LMS requirements
- 3. Evaluate LMS vendors
- 4. Usability and Future Update Proofing
- 5. Gather feedback and making a decision
- 6. Deploying and Customising LMS
- 7. Content Publishing and Migration
- 8. Support, Security and Service
Frequently Asked Questions
Educational platforms (Learning Management Systems – LMS) are innovative tools which educational centres should not be without today. They help to create, adopt, administer, distribute and manage all of the activities related to e-learning training, or can act as a complement to classroom learning.
For training and up-skilling new and existing employees.
There are a few different things that we should look for when analyzing a corporate LMS. We can divide these into ease of authoring, multi-sensory content presentation, and progress monitoring.
A corporate learning management system (LMS) is software for delivering online training and learning content to your employees. Corporate LMS helps onboard new employees, then get them the knowledge and skills required to perform their roles, and, ultimately, advance faster in their careers.
E-learning allows both students and business executives to learn anywhere and at any time. You can learn from virtually any place with a computer or mobile device and internet connection, meaning you can study from home, on vacation or in your break.
Compared to eLearning in the corporate sector, the education sector concentrates mainly on knowledge transfer instead of training. In education, the learning is focused on subjects that have a global scope. On the other hand, corporate eLearning is oriented on business needs like inducting new recruits.
The cost
The Experience
Classroom Learning involves physical interactions with a teacher and peers, while online learning transfers this component to a virtual environment. So while there is human interaction, it happens online via virtual lectures, virtual discussions, face-to-face video workshops etc.
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