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Technologies Transforming Corporate Learning    [Date Added : 10/18/2017 ]
As the pace of technological change accelerates, employers are struggling to keep up. Research now indicates that a worker's skills and competencies last on average for just five years – and that 60% of jobs that will be in demand 10 years from now do not event exist!

Forward-thinking companies are, as a result, reconsidering their approaches to identifying and developing in-house talent. In 2015, corporate training costs rose to nearly US $70 billion - and investments are only expected to grow. Here are five technologies to watch closely, and why they matter for both today's challenges, and the future of corporate learning:

1. Personalized learning: If content is a commodity, then data is a goldmine. Companies who can quantify skills gaps (or opportunities) and serve courses that matter to corporate learners will have a big competitive advantage.

2. Peer-to-peer: If two heads are better than one, what about 2,000? CorpU's Fortune 500 customers, including Coca Cola and Agilent, are using the company's "strategy activation" platform to equip personnel with critical skills. The heart of CorpU's technology is a next generation collaboration platform that crowdsources insights through virtual "idea tournaments," connects employees with experts during accelerated learning "sprints," and gauges employee sentiment with deep analytics.

3. Education as a benefit: Employers are also catching on to the value of education as a retention tool, and have begun including education programs as a company perk, whether through tuition reimbursement plans or direct access to online courses.

4. Learner-experience design: An explosion of new technologies has spurred pedagogical innovations, as L&D professionals grapple with the application of emerging technologies to modern corporate challenges. Along the way, the field of "instructional design" has evolved as well, giving birth to an entirely new category, "learner-experience design."

5. Unbundling: The emergence of learner-experience design is fueling the "unbundling" of corporate learning, which gives companies more flexibility and control over the end result. Instead of signing up for big, long-term contracts, employers have more freedom to pick and choose the programs and platforms that work best for their workers. Individual employees are, in turn, exerting more influence over their educational pathways - pursuing shorter, faster educational programs and sharing what they know through digital credentials through platforms.

What's next? Employers are beginning to find that transformative technology can improve both retention and job performance. Those that take advantage of these new tools will be at the forefront of a learning and development revolution.

("5 Technologies That Are Transforming Corporate Learning," by Paxton Ritter, HRDive, October 3, 2017. Copyright 2017 Industry Dive)
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