According to a survey, approximately 83 percent of organizations currently use a Learning Management System (LMS); the global learning management system market is expected to grow to a value of $23.21 billion by the year 2023. According to a recent survey by the ATD, most participants (73 percent) said their LMS use has increased in the past two years, and this trend indicates a rise in the use of the learning management system.
What Is Learning Management System (LMS) ?
A learning management system is a software that accommodates the administration and delivery of educational courses and training materials to various audiences in different geographical regions.
The first LMS program came into the limelight in 1924 when psychology professor Sidney Pressey discovered an electronic teaching device. Much other software has dominated the market throughout the years and is used widely in teaching and learning. Various market research shows that the value of LMS has reached 15 billion dollars and that around 73 million users have adopted the learning management system. In the U. S according to research done by the eLearning industry (2019),77 % of the companies have adopted the LMS program. Benefits arising from LMS have forced different institutions and companies to adopt the program.
In general, a learning management system is a software application that helps manage all aspects of the learning process. It enables to house, deliver, and track training content.
What Are the Main Features of A learning Management System?
A learning management system identifies, assesses the individual and organization learning goals. It helps to track the progress made towards meeting those goals. It also helps to collect and present data for facilitating and supervising the learning process.
With the integration of Ai and AML, a learning management system can also help the onboarding, compliance, and help with a skills gap analysis of its beneficiaries.
1- Hosting Webinars or Online Training sessions- Delivering content to multiple participants both audio and video
2- Hassle-free update or up-gradation of courses – uploading, assigning content
3- Device friendly- An LMS should work fine with mobile/ Tablet or a Computer
4- Third-Part Integrations- An LMS should provide features to integrate with a third-party system like email, SMS, data analytics, etc
5- Analytics- An LMS should measure and visualize the content usage by the participants for a better understanding of each student
6- Payment Gateway- There should be options to sell your courses with an integrated payment gateway to accept payments/ fee collections.
7- Engaging features- An LMS can have some features like quizzes, progress bars, rewards to make the learning more engaging.
8- Website Integration- This is important to maintain your branding. Students should be able to access LMS from your website than an external link. In order to do this LMS should be able to integrate with your website.
Why use an LMS?
The main reason for adopting LMS is because it helps to make learning easier and accessible to many. The instructors can provide information in documents and videos to make learners understand and simplify a particular topic. Learners too can access their course from different locations hence helping break geographical barriers. LMS also helps an institution gauge the progress in terms of those who have completed their courses, those who passed, and learners can express their challenges in case of difficulties. Therefore it is a promising avenue for compiling institution reports
Benefits of a Learning Management System
Learning Management Software has become a crucial part of online education systems, especially if there is a need to deliver a lot of subject matter to a large audience. If you are unsure about whether the LMS is the right one for you, here are some benefits of using such a system that will convince you:
conducting an organization’s training by using a learning management system helps to optimize training expenses and usage. It also helps to minimize the payment for instructors and the facilities required to deliver the training.
For example, an organization needs to send recruits for sales training. They need to rent a training facility, hire trainers, arrange for the staff’s transport and lodging to the training facility. It all incurs a cost, and it is a repetitive expenditure. But suppose the organization can spend a one-time expense of acquiring the LMS software and spend once on creating training materials and resources. In that case, the entire training process can be automated, and the staff can be onboarded for training.
Standard of Training
A learning management system centralizes the training, and it helps to maintain training standards, quality, and consistency. The best resources can be utilized to produce the training materials and resources, and the same resources and materials can be used across the entire organization to deliver training. This especially applies to multinational and big businesses that have more than one office.
Tracking and Reporting of the Training Progress
Through an LMS, students will be able to track their progress and make sure that they are meeting the milestones. For example, if a student cannot complete the course successfully, supplemental resources can be provided to them to improve their learning behaviors and performance. In fact, many LMS have analytics and reporting tools that can pinpoint exact areas in which the student is lacking.
Nowadays, many industries, such as the education industry, oil, gas, medical and pharmaceutical, communication, construction, and building, have to keep up with compliance requirements from the regulatory authorities. An LMS can help meet the required training objectives for such industries’ employees by automating the training processes.
If there is a need for training and education, the learning management system will be needed to optimize and enhance the learning experience. If you are looking for a sound Learning Management System, eduJournal can be a good match for your needs. Please contact our team for any inquiries.
All the content in a single location
Instead of having all the learning content on various devices and hard drives, you can have it in one location. It reduces the risk of data loss and makes it easy to create the course. All the students of the online learning program can access the information using the learning management software. That is why it is the best fit for online learning.
Unlimited access to the learning resources
Once the instructor has uploaded the course materials to the LMS and published them, all the students will have unlimited access to the resources. Even the students who are traveling will be able to log in to the platform through their tablets or smartphones. This way, they don’t have to wait for the next training session to perform work-related tasks and develop skills. That is why an LMS is regarded as an essential necessity for a class of global students living in different time zones.
Decreases learning and development time
Through an LMS, you can reduce your online training time since all the students’ information will be available in an organized manner. Instead of sitting through a lengthy training course, students can conveniently check out the online modules they want and get the required knowledge in less time. Also, they can assess their understanding of the subject through online quizzes and exams, watching videos that highlight specific tasks or processes, or participating in interactive simulations and scenarios.
Integrates social learning experiences
Integrating social learning into a Learning management system is easier and more beneficial to the learners. The system accommodates social media links since it is already online, and this gives the instructor an upper hand in including links that are useful to the learning in the course.
If you want to reap all the benefits of an LMS, you need to find the one that suits your needs. This way, you will be able to take advantage of the free trials and features. Read reviews of other online professionals who have worked with the tool to make the most out of the system and create your own successful eLearning course.
Who can use LMS?
Anybody who creates and delivers e-learning content can use an LMS. There is no bar for this from a freelancer to big educational institutes can be benefited from it. Let us check some of the examples of various companies and organizations who benefited from using LMS
- Small, Medium, and Large businesses
- Government Organizations
- Non-gov organizations
- Training/Coaching Institutes
- Freelance/Independent trainers/Coaches
- Other educational institutes
- Consulting Firms
- Event Organisers
Learning Management System can be used for?
We know an LMS is used by various organizations for different learning purposes. We also came to know that LMS can be used by any level of the company. Let us discuss the various purposes of LMS:
- Employee Training
Training of any employee is essential for an organization to improve their productivity and knowledge. If you have 1000s of employees from various parts of the world, training them by hiring multiple trainers is expensive. This problem can be easily solved by having a centralized knowledge management system and which is accessed by any employee from any place using an LMS. Employee training becomes much more easier and effective with the help of a learning management system.
- Delivering Online Classes
Since the arrival of Covid19, all the educational institutes are forced to deliver classes via online medium. Delivering multiple levels of classes for various groups of students is not that easy to maintain. Having an LMS integrated learning environment will make all the learning process smoother and hassle-free. If you have a Training Management System (TMS) with LMS in-built, your entire school/training center management will be super comfortable.
- Train Remotely
Since the majority part of human resource works from home. All the new hires are done virtually and directly doing their work from home itself, the employee training became even more serious need.
Every organization wants to make sure their employees are getting the required knowledge about their product/service as well as the needed industry knowledge. By using an LMS employees can take the training session from anywhere. Any remote employee can be trained with the help of LMS.
- Knowledge Management system
Many of the companies will have their own knowledge management system which will store all the training materials, new updates, product training, etc. This needs to be regularly accessed by employees, partners, external people to make the business move smoothly. A Learning management system can work as the gateway to this learning center.
How to Choose an LMS?
You have got a good idea about what is LMS, its features, benefits, etc. Now is the time to choose one for your business. There are multiple LMS providers in the market. How to choose the right LMS for you?
- Understand your need with LMS
How you are going to utilize an LMS is different from what another person going to utilize. You need to prioritize your needs first. Get to know what is your objective to use an LMS and who are your audience, budget, etc. Few points to remember are
1- Do you have an IT team to support integrations, upgrade your system, etc.?
2- What is your budget, accordingly choose the option?
3- Do you want multiple training options for a different set of audiences?
4- Do you require a payment gateway with LMS to collect payments?
5- will you track the progress of students?
- Try Free Trials before Paying
Most of the LMS providers gives you a free trial period to test their LMS and its feature. Feel free to register for a free trial and check whether the LMS is the perfect fit for your need. If you find it useful then pay for the premium version or else just cancel it. Free Trial helps you from the fear of losing money in case you are not finding the tool useful after purchase.
- Always check reviews
Reviews will give you some trust factors before purchasing an LMS. You can check for LMS reviews in Quora, elearningindutry, and other review sites like Capterra, Trustpilot, etc.
Read some reviews to understand its Pros and Cons.
Why Choose Edujournal LMS?
Edujournal LMS comes with the all required tools and features to make your learning + teaching process hassle-free and smoother.
- Budget-friendly LMS for you
- Available in Mobile/Tablet/Computer
- Easy to use as well as integrate
- Upload, manage and assign your courses easily
- Create multiple training sessions
Check more about our LMS from here.