Why businesses develop Learning Management systems? - KNOWARTH
  • Services
    Close
      • Enterprise Services
      • Enterprise Portal Development
      • eCommerce Portal Development
      • Enterprise Integration Services
      • ERP Implementation
      • Magento Development Services
      • Cloud and Infrastructure Management
      • Cloud Infra & Management Services
      • Remote Infra Management Services
      • DHIS2 Cloud Hosting Services
      • Consulting Services
      • UX & UI Consulting Services
      • Architectural Consulting Services
      • Performance Tuning & Assessment
      • Liferay Consulting Services
      • DevOps Consulting Services
      • Software Testing Services
      • Software Testing Services
      • Custom Application Development
      • Single Page Application Development
      • Mobile App Development
      • Android Application Development
      • iOS App Development
    Close
  • Solutions
    Close
      • Digital Experience Platform
      • Collaboration Portal Development
      • Intranet Portal Development
      • Enterprise Content Management System
      • Human Resource Management System
      • Hospital Management System
      • Learning Management System
      • Community Portal Development
      • Partner Portal Development
      • Liferay Enterprise Solutions
      • Liferay Portal Development
      • Liferay Migration and Upgrade Services
      • Liferay Consulting Services
      • Liferay Performance Tuning
      • Enterprise Mobility Solutions
      • Network Monitoring Solutions
    Close
  • Products
    Close
      • HRMS
      • Commercium
    Close
  • Resources
    Close
      • Blogs
      • News
      • Events
      • Case Studies
      • White Papers
      • Books
    Close
  • Portfolio
  • en EN
    ar ARnl DUen ENfr FRid INms MAru RS
Inquire Now
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Inquire Now
  • Home
  • Services
    • Enterprise Services
      • Enterprise Portal Development
      • eCommerce Portal
      • Enterprise Integration Services
      • ERP Implementation
      • Magento Development Services
    • Cloud and Infrastructure Management
      • Cloud Infrastructure Management Services
      • Remote Infrastructure Management Services
      • Cloud Hosting Services DHIS2
    • Quality Assurance
      • Software Testing Services
    • Custom Application Development
      • Single Page Application Development
    • Mobile App Development
      • Android Application Development
      • iOS App Development
  • Consulting
    • UX & UI Consulting
    • Architectural Consulting Services
    • Performance Tuning & Assessment
    • Liferay Consulting Services
    • DevOps Consulting Services
  • Solutions
    • Digital Experience Platform
      • Collaboration Portal Development
      • Intranet Portal Development
      • Enterprise Content Management System
      • Hospital Management System
      • Learning Management System
      • Human Resource Management System
      • Community Portal Development
      • Partner Portal Development
    • Enterprise Mobility Solutions
    • Network Monitoring Solutions
  • Products
  • Technologies
  • Resources
    • Case Studies
    • Blogs
    • White Papers
  • Company
    • Who We Are
    • Career
    • Partners
    • News & Events
  • Contact
  1. >
  2. Enterprise
  3. >
  4. Why businesses develop Learning Management systems? – Key...
940 Share
1
1
0
0
0
Learning Management systems
940 Share
1
1
0
0
0

Why businesses develop Learning Management systems? – Key facts and benefits

Benjamin Franklin - KNOWARTH

These words of wisdom still ring true. Even in this rapidly advancing world; where change is the only constant. We have been to the moon and back, witnessing behemoths like Amazon, Apple and Alibaba change the way we work and live. And yet, we are farfetched from the realities of Learning.

Empires and enterprises are created and expanded by knowledge and learning. But, much to the dismay of most people, learning is tough love. It takes both effort and persuasion for adults to learn and teach others. More so in this digital world, where technologies are influencing our way of life with modern LMS.

A custom Learning Management Systems that automate learning and information accessible from anywhere anytime is the need of the hour. Having said that, parting knowledge to others in an organization without obvious benefits is a non-starter. And that’s the reason most LMS portal development projects become dud.

A study found that only 40% large organizations support LMS solutions and the ones who have them installed, only 35-45 % of their staffers use it for knowledge transfer. This makes learning for employees, managers and partners updated with the most updated information challenging.

Key Facts of Learning Management System:

  1. The LMS market will grow from $5.22 billion to $15.72 billion by 2021.
  2. According to the Ambient Insight’s Self-paced eLearning Market report revenues will reach $53.0 billion by 2018.
  3. According to the Training Industry Report,
    • 44% intend to purchase online learning tools and systems
    • 41% are looking into purchasing Learning Management Systems (LMSs)
    • 37% plan on purchasing authoring tools/systems
    • 33% aim to purchase classroom tools and systems
  4. The Ambient Insight’s 2014-2019 China Mobile Learning Market research states that “the five-year compound annual growth rate (CAGR) for Mobile Learning products in China is 15.4% and revenues will more than double to $2.3 billion in 2019.
  5. Users select LMS software mainly based on functionality (53%), followed by price (32%), support (5%), company reputation (3%), and software popularity (3%).
  6. By the end of 2017, 98% of all organizations will use video-based training programs in their digital learning strategies.

How an LMS software helps businesses?

An LMS system is not just a typical web portal. It is a cross between an Intranet Portal Development and an Enterprise Content Management System. It can become a document management system and a training portal when a need arises. Most importantly it empowers employees to share their thoughts, research and information on wide range of issues including organizational goals and feedback.
Warren Bennis - KNOWARTH

Blended Learning

A Learning Management System is designed to make blended learning a possibility with combined learning propositions like eLearning, mobile learning, simulation learning and traditional classroom training sessions.

The LMS software acts as a central repository to ensure information is available to all the stakeholders any time on their favorite mediums. Apart from that, exposing your employees with the same information albeit in different forms and through different media helps them retain key parts of information you wish them to partake.

Performance Support

An LMS software delivers robust performance support to all the employees with all the materials and demos to enhance their skills. It also flags important documents that need to be looked at while evaluating a report or prompts them to re-examine critical issues while solving erroneous tasks.

Learning Management Systems are tasked with document management to allows access when requested. This helps employees access key information during writing documentation.

Consolidated Training Statistics

A Learning Management Software helps enterprises collate all the training data conducted on various platforms whether they’re online or offline. It saves precious time for managers when evaluating employee performance and participation along with monitoring their progress on key indicators. Moreover, it also serves as an indicator for a person is doing and his progress on a certain training.

It also maintains all materials and files at a central location ensuring all the employees access the same information from the same place negating any chance for conflicting information. An LMS also indicates if the course needs to update with employee or partner training interest to fasten the learning process.

Training Cost Reduction

Ask any HR manager or large enterprise about their biggest worry and they would unanimously say “Training Costs”. This is the most arduous discussion among most business boards and management. How to reduce training costs? A custom Learning Management System will reduce training costs drastically with digital learning.

It saves all the training modules at one place that can be accessed via any computer, reducing precious man hours that go into training. A digital experience of straightforward learning that has Audio and Visuals will speed up the learning process and provide a timely report to reporting managers on the progress. This way, an LMS software not only reduces training costs but also saves revenue that goes into employing people just to manage training sessions.

Flexibility to Learners

Class-based learning is getting replaced with digital learning or eLearning. An LMS portal speeds up this process. Make videos and tutorials and just upload them to learning portals. An employee can also join in with easy answers or solutions based on his/her understanding, thereby making the whole knowledge transfer process interactive.

Invariably, the ease of information access from any location and device makes it really quick and easy for learners. They can see, post and share videos, notes, information, documents literally while on the run and make social collaboration a reality.

Compliance Made Easy

Whether its company policies or government laws or international standards, an LMS software shields you from penalties by informing customers, partners and employees of upcoming changes. It keeps you on the right side of the laws, thereby ensuring compliance round-the-clock.

An innovative learning management software keeps track of every legislation update and training staffers with changes along with compulsory training and certification make it that easier for you to be a step ahead of your competitors as well.

Increased Social Learning

The world is becoming Socials, well at least on online platforms. All customers, employees, partners and members have an online presence on social media and it is really easy and almost free to connect with them. An integrated LMS portal will have an inbuilt social collaboration system that allows stakeholders to share information with the world outside of the organization albeit under strict permissions and control.

This ensures customers and other stakeholders are updated with the latest information and know what to expect from the organization. Moreover, peers can participate with healthy comments on each other’s posts, blogs and articles. This makes it a real collaborative learning digital experience platform.

Leveraging Technology

The world is in the midst of a digital transformation. Technology has changed our day to day activities in every sphere. From online shopping to booking to reading, people are going to leverage the technology because it fits eases their schedules and preferences beautifully.

Similarly, leveraging technology at a workplace is like killing two birds with the same stone. One, you can deliver learning process on the devices that your employees prefer. Second, winning favor for being a techno-friendly organization rather than one which discourages technology. And your LMS portal manages all the back-end work.

Conclusion:

A new customized and innovative Learning Management System not only automates the learning process but also integrate your legacy systems with your modern LMS software. It provides powerful reporting features capable of managing all types of third-party content. It can manage peer-to-peer and on-the-job training too. Learning Management System portal makes learning activities the main driver seamless integration of performance management, resources allocation, career development, compensation planning initiatives.

Learning Management Systems have intangible and far-reaching benefits than what most businesses think. A customized eLearning Management System not only paves way for stakeholders to understand the business processes and operations, but also share vital inputs to refine those processes to create a better organization.

If you are looking to develop Custom LMS Portal to empower your organization. Reach us at marketing@knowarth.com

Related Blogs

Product Design services

Why a Good Product Design fetch you more Customers?

https://www.knowarth.com/wp-content/uploads/2020/03/Product_Design_Blog.png 400 1140 KNOWARTH Admin https://www.knowarth.com/wp-content/uploads/2020/09/knowarth-anblicks-white.png KNOWARTH Admin2020-03-26 12:56:062020-03-26 14:19:57Why a Good Product Design fetch you more Customers?
Why Your Business Needs Digital Transformation

4 Reasons Why your Business Needs Digital Transformation

https://www.knowarth.com/wp-content/uploads/2020/03/Why-Your-Business-Needs-Digital-Transformation.png 400 1140 KNOWARTH Admin https://www.knowarth.com/wp-content/uploads/2020/09/knowarth-anblicks-white.png KNOWARTH Admin2020-03-19 12:28:472020-03-24 11:50:314 Reasons Why your Business Needs Digital Transformation
Rise of the CX

Rise of the CX: The next Digital Transformation Frontier

https://www.knowarth.com/wp-content/uploads/2020/02/Rise-of-the-CX.png 400 1140 KNOWARTH Admin https://www.knowarth.com/wp-content/uploads/2020/09/knowarth-anblicks-white.png KNOWARTH Admin2020-02-10 15:23:502020-02-17 11:34:54Rise of the CX: The next Digital Transformation Frontier
Liferay DXP for Collaboration Portal

Why choose Liferay DXP for collaboration portal development?

https://www.knowarth.com/wp-content/uploads/2019/12/Liferay_DXP_CPD_Dec_2019_Blog.png 400 1140 KNOWARTH Admin https://www.knowarth.com/wp-content/uploads/2020/09/knowarth-anblicks-white.png KNOWARTH Admin2019-12-12 18:28:442020-01-17 18:56:07Why choose Liferay DXP for collaboration portal development?
More Blogs

Services

  • Enterprise Portal Development
  • eCommerce Portal Development
  • Cloud Infra & Management Services
More Services

Solutions

  • Enterprise Content Management System
  • Learning Management System
  • Hospital Management System
More Solutions

Categories

Enterprise

Related Case Studies

SAAS based productivity management suite

SAAS based productivity management suite

https://www.knowarth.com/wp-content/uploads/2017/02/SAAS-based-productivity-management-suite.jpg 657 1920 Krupal Khatri https://www.knowarth.com/wp-content/uploads/2020/09/knowarth-anblicks-white.png Krupal Khatri2017-02-28 15:19:302017-02-28 16:39:41SAAS based productivity management suite
Hospital Management System with Secure Mobile Application

Hospital Management System with Secure Mobile Application

https://www.knowarth.com/wp-content/uploads/2016/12/Hospital-Management-System-with-Secure-Mobile-Application.jpg 657 1920 KNOWARTH Admin https://www.knowarth.com/wp-content/uploads/2020/09/knowarth-anblicks-white.png KNOWARTH Admin2016-12-30 17:41:182017-01-27 22:48:33Hospital Management System with Secure Mobile Application
Continuous Integration & Deployment Using Chef, AWS Code

Continuous Integration & Deployment using Chef, AWS Code Deploy and AWS OpsWork

https://www.knowarth.com/wp-content/uploads/2016/05/Continuous-Integration-Deployment-Using-Chef-AWS-Code.jpg 657 1920 Chintan Mehta https://www.knowarth.com/wp-content/uploads/2020/09/knowarth-anblicks-white.png Chintan Mehta2016-05-24 15:50:112017-01-30 14:53:39Continuous Integration & Deployment using Chef, AWS Code Deploy and AWS OpsWork
Private Cloud Implementation on Hyper-V

Private Cloud Implementation on Hyper-V

https://www.knowarth.com/wp-content/uploads/2016/05/Private-Cloud-Implementation-on-Hyper-V1.jpg 657 1920 Chintan Mehta https://www.knowarth.com/wp-content/uploads/2020/09/knowarth-anblicks-white.png Chintan Mehta2016-05-12 12:52:002017-01-30 14:53:58Private Cloud Implementation on Hyper-V
Openstack Implementation – Banking Corporation

Openstack Implementation – Banking Corporation

https://www.knowarth.com/wp-content/uploads/2016/03/Openstack-Implementation-–-Banking-Corporation1.jpg 657 1920 Chintan Mehta https://www.knowarth.com/wp-content/uploads/2020/09/knowarth-anblicks-white.png Chintan Mehta2016-03-07 14:31:152017-01-30 14:56:26Openstack Implementation – Banking Corporation
Remote Infrastructure Management Services for a Financial Firm

Remote Infrastructure Management Services for a Financial Firm

https://www.knowarth.com/wp-content/uploads/2016/03/Remote-Infrastructure-Management-Services-for-a-Financial-Firm-.jpg 677 1400 Chintan Mehta https://www.knowarth.com/wp-content/uploads/2020/09/knowarth-anblicks-white.png Chintan Mehta2016-03-07 11:11:542017-01-30 14:56:20Remote Infrastructure Management Services for a Financial Firm
PreviousNext

Follow Us

HRMS-ad-new
MySQL8 For Big Data
Mastering Apache Solr 7.x

Latest Tweets

Tweets by @KNOWARTH
Chintan Mehta
By Chintan Mehta
March 29, 2018

Be the first to get latest blogs
Join our mailing list to get the latest updates! We will not spam you.
Loading

Services

  • Enterprise Portal Development
  • Liferay Consulting Services
  • Mobile App Development
  • Software Testing Services
  • ERP Implementation
  • RIM Services
  • View All Services

Solutions

  • Liferay Portal Development
  • Liferay Migration and Upgrade
  • Digital Experience Platforms
  • Enterprise Mobility Solutions
  • IT Monitoring Solutions
  • Learning Management System
  • View All Solutions

Products

  • Commercium
  • HRMS

Resources

  • Case Studies
  • Blogs
  • Events
  • White Paper
  • Books

Company

  • Who We Are
  • Career
  • Our Partners
  • Our Clients
  • Cookie Policy

ANZ: +61 423 683 702
APAC: +91 98664 98179
USA: +1 (408) 656-6493
marketing@anblicks.com
Portal upgrade dilemma? 7 reasons why Liferay DXP is the best option Why Liferay DXP is the best option ECM Software How businesses expand using ECM software?
Scroll to top

Schedule A Consultation

Field marked * are mandatory.