Learning Management System (LMS) is software that makes it easy to manage, deliver and track analytics for business training programs. Learning Management Systems have become an incredibly powerful tool for organizations that want to improve the performance and retention of their workforce. Most learning management systems are cloud-based software solutions that companies use as their primary tool for managing their training programs. Just as a sales team uses and relies on CRM software, or a human resources team relies on HRIS software, LMS software is typically the base technology used by companies’ training and development departments.
Learning Management Systems can be used to implement all types of training (from compliance training to company policy training). In recent years, online learning has evolved into a revenue generator for the expanding enterprise. New advances in learning technology have helped evolving learner needs and revolutionized the e-learning space by allowing more learning data to be aggregated, enabling mobile learning and gamification capabilities to generate income. can be enabled.
Perhaps the most important functionality of learning management systems is to support learning as it happens. – such as combining formal, social and experiential learning. Traditionally, these learning management systems have been primarily used to provide formal education. For example, a learning management system, or LMS, makes it easy to automatically assign induction courses to new employees, track their progress, and assess their knowledge retention levels. However, online learning systems like Docebo go beyond basic functionalities and include features that enable social learning. Enables users to consult with colleagues, ask questions, collaborate, and encourage and reward contributions between teams and individuals.
Who Uses LMS?
Learning management systems are used globally, in many industries, and for a wide variety of use cases for enterprise learning. There has been an increase in the adoption of LMS in recent years around the world. In fact, the global LMS market is projected to grow at a CAGR of 24% from 2016 to 2020. At a more specific level, there are two major types of users of LMS systems:
Students or Users – are the students receiving the training (after all, they are the people for whom the training was created). Students who have access to the Enterprise LMS will be able to view their course catalogue, complete courses and any scheduled assessments, and measure their progress. Courses may be assigned to students individually, or according to the function of their job, and/or their role within the company structure.
Administrators – as opposed to administrators in learning techniques – mean that they are responsible for managing the LMS, which includes a combination of tasks: planning curriculum and learning, assigning courses to students, and tracking their learning progress. Doing. Types of Clients of LMS Large companies: Large companies rely on learning management systems to measure the performance and professional development of hundreds or thousands of employees while implementing global online training initiatives. Some larger organizations may also use the extended business features of their LMS to keep franchisees, vendors and third party sales channels informed about product launches, compliance requirements, etc. To improve the performance and retention of your workforce.
Small and Medium-Sized Enterprises (SMBs): These organizations benefit from a learning management system while using fewer human resources, and instead rely on technology tools to enhance their employee development along with business development (and Continuing training adapts to changing needs that reflect organizational development. ) ng initiatives. Some larger organizations may also use the extended business features of their LMS to keep franchisees, vendors and third party sales channels informed about product launches, compliance requirements, etc. To improve the performance and retention of your workforce.
Freelancers: LMS platforms are designed for online learning freelancers who work with multiple clients and need to deliver a wide range of deliverables. These learning management systems can have built-in collaboration tools, allowing you to fly alone or work with a remote e-learning team.
What is LMS used for?
At a basic level, learning management software is used to centralize, implement and measure enterprise training.
A best-in-class learning management system has the potential to support a variety of internal and external business use cases, including:
Employee Training – Perhaps the most common use case for an LMS is to support internal employee training and development. Within the LMS, courses may be assigned to ensure that employees acquire the skills required for their jobs, be informed of changes to the products offered by the company, and stay up to date with compliance training, etc.
Customer Training – Another common use case of LMS is for customer training. This is especially common for software and technology companies that require onboarding a user to use the product effectively. Ongoing customer training helps provide greater value to customers and prevent contract cancellations.
Partner Training – An LMS can also be used to provide training to company partners and partner channels (eg resellers). This is a great way to improve affiliate programs and provide more value.