The learning management system market was estimated to reach a staggering $7.8 million this year.¹ Small Business Trends said that 98 percent of companies worldwide plan to use eLearning, which is commonly delivered via LMS, by 2020.² Data proves that the corporate world loves learning management systems. This makes sense when you consider how profoundly an LMS can benefit an organization.
An LMS is a computer program that delivers, tracks, and provides reports on corporate training. The benefits of an LMS go far beyond delivering and managing training, though. An LMS can positively impact the way organizations operate by:
Increasing communication in the workplace.
Lowering a company’s bottom line by reducing the costs of training.
Helping organizations “go green” by eliminating the need for paper products in training as well as reducing training-related travel.
Keeping companies current with compliance regulations.
All these benefits considered, it’s obvious why a huge percentage of organizations across a variety of industries rely on learning management systems to ensure smooth day-to-day operations.
Related Reading: Why Your Company Needs an LMS.
Reading about the benefits of an LMS is effortless. What’s a little more difficult is locating the best learning management system for your organization. Knowing what to look for while performing an LMS features comparison will make it easier to spot the right one.
Reporting -- LMS reporting features help eLearning system administrators find the information they need right when they need it. These features allow admin to gauge learner progress and are vital aspects of a quality LMS. National Mortgage Professional Magazine stated,
“When considering a learning management system, the most important factor is being able to find the exact information you're looking for, quickly and efficiently. The ideal system should have easy access to reporting information, the ability to view completion records in multiple categories, and be able to provide reports by department and course.”³
“With many options such as desktops, laptops, smartphones, tablets available at our disposal, a responsive LMS system must allow you to create and access courses on any device without compromising the quality.”
As your team searches for a corporate LMS, keep the need for mobile learning at the forefront of your mind.
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