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August 01, 2007

e-Learning Market To Hit $56B By 2010

With an already strong foothold in the enterprise sector, e-learning is advancing in K-12 and higher education teaching environments, according to San Jose, CA-based market researchers Global Industry Analysts, which project the global e-learning market to surpass $52.6 billion by 2010.

Already the 2007 U.S. e-learning market is $17.5 billion according to "eLearning: A Global Strategic Business Report," a new report recently published by Global Industry Analysts. Besides market size, the report covers market trends, challenges, forces driving the market, technologies, types of end users and profiles of e-learning usage broken down by geography.

While Europe and Japan lag on e-learning adoption compared to the United States (U.S. enterprise e-learning adoption accounts for 60 percent of the market, while Europe's accounts for 15 percent), overall usage of e-learning in Asia is expected to reach a compound annual growth rate of 25 percent to 30 percent through 2010, according to the firm. Worldwide that rate should hit between 15 percent and 30 percent, the report states.

The key driver for e-learning usage is attributed to an increased number of solutions and services. However, the report warns that a lack of interoperability standards could stifle e-learning's growth.

via: David Kopf, "e-Learning Market to hit $56B by 2010,"  T.H.E. Journal, 7/30/2007, http://www.thejournal.com/articles/21046

December 19, 2006

TATA Interactive Sums It Up

Tlm_podcast_1 Do not miss this great podcast at the TATA Interactive Systems (TIS) corporate blog. For the first time, you have some of the seniormost people from that company talking about the year that was and their thoughts for the year ahead.

TIS is leading by example once again, and hopefully other companies will take the cue to open up a little bit more and voice and share their thoughts. This can only help facilitate dialogue, which, who knows, may even lead to something more structured.

May 25, 2006

What Do Informal Learning & Brushing Your Teeth Have In Common?

Mark Harrison, partner at UK consulting firm Kineo, feels that by 2012 we may not be using the terms 'e-learning' or even 'informal learning'. Jay Cross (credited with coining these terms, and author of a soon to be released book on informal learning) might cringle a little at that thought.

I agree with Mark about not using terms for routine and commonplace activities (learning, like brushing your teeth is something you hopefully do everyday, in some form or the other). But then again, sometimes using a term is required to focus attention and resources on a sphere of activity.

To view and hear Mark make his case, check out his presentation by clicking here

April 16, 2006

Analysis of US Corporate Learning & Development

Bersin have launched "The Corporate Learning Factbook", a new study on the US learning market. Bersin claims that "The Corporate Learning Factbook® is the US training industry's most complete and comprehensive study of corporate training budgets, spending, delivery volumes, staffing, and trends."
They are charging $595 a pop for this report and unfortunately as that amount translates into a whole lot of money when converted into Indian Rupees, I have decided to rely on my friends at Kineo for their take-aways from this study.

According to Bersin the US learning market is worth $46.6bn.

The study provides quantitatively-supported analysis on trends shaping the US learning market. Findings include:

  • The corporate learning market grew by 5% in 2005, with fastest-growing spending rates in the technology and retail sectors. Spending increases by small and medium-sized businesses (6 to 6.5%) were double those of large enterprises (approximately 3%).
  • The biggest percentage of program dollars go to management and leadership training, rated as a first or second priority by 37% of respondents. These investments are fueled by succession planning and the need to develop new and mid-level management talent.
  • Spending per employee varies widely, depending on industry sector and company size. The spectrum ranges from $4,000 per employee in business services to $200 in retail. The average per learner expenditure is $1,412.
  • LMS spending is typically 3 to 7% of an organisation's total training expenditures. Consolidation of LMSs is a significant trend, with 26% of large enterprises consolidating or reducing the number of LMSs within their organizations over the last year. One-third plan to consolidate in the next 12 months.
  • The adoption of virtual classroom technology is high in most sectors. The study found that 60% of respondents are now using virtual classes as part of corporate training.
  • One-third of training groups report staff increases over last year. One-half say staffing resources have remained unchanged, and just 13% have reduced staff size.

August 08, 2005

The Learned Man! interviews Jay Cross

Jay_img_2(Jay Cross is CEO of Internet Time Group and founder of the Workflow Institute. A thought leader in learning technology, performance improvement, and organizational culture, Jay coined the terms "eLearning" and "workflow learning." He is CEO of the 1800-member Emergent Learning Forum. He is the author of Implementing eLearning, writes the "Effectiveness" column for Chief Learning Officer magazine, and is currently writing a book on Informal Learning. You can find him at http://internettime.com)

Hello Jay. The Learned Man! has put together a few questions that I am sure a lot of us have on our minds, for you:

1) The Learned Man: Jay, you coined the term e-Learning. I read in a recent interview that you now think that too many people read into that term as being 'computer-only'. What’s the new term that might serve to dispel the misleading associations?
Jay: Performance. At least, that’s the word I use if I’m talking to a business executive. Otherwise, learning is better than e-learning. And if it’s really training, i.e. something you’re going to do to people rather than something they’re going to do for themselves, call it training.

2) The Learned Man: Tell us a little about the new book you are writing, Informal Learning. When can we expect to see it on bookshelves?
Jay:
Informal learning is how we learned most of what we know. No one takes attendance, for there are no classes. No one assigns grades, for success in life is its measure of effectiveness. No one graduates, because learning never ends. Since people learn their jobs informally, it's foolish for a company to leave informal learning to chance. The book will tell dozens of stories of how companies have profitably leveraged informal learning.

There’s more information about the book at http://tinyurl.com/3t5ec. If anyone has some good examples, please send them to me.

The book won’t be out until the end of next year but some of the things I’m finding are too cool to keep hidden until then. Pieces of the story will appear on my blogs, in my articles, woven into presentations, and in the advice I provide to clients.

3) The Learned Man: Have you ever interacted or worked with any Indian e-Learning companies? What has the experience been like?
Jay:
Everyone has interacted with Indian eLearning companies, whether they know it or not. If you could look on the bottom of a course to determine its point of origin, often it would say “Made in India.” I’m working with Indian companies when I order clothing by phone or call my credit card company. Since I don’t develop courseware, I haven’t had direct experience working with Indian developers.

4) The Learned Man: The market in India is booming with new start-ups popping up everyday because companies think there is a lot of money to be made in offshore custom content development. There are only a handful of companies who are trying to see the larger picture and gun for entire programs being outsourced with eLearning and content being only a part of that. Do you see that happening next in the outsourcing to India context? Do you see Tier 2 vendors such as NIIT and Tata Interactive coming up to a point where they could take over the entire training function similar to Accenture and IBM? What are your views on the chasm that these companies will have to cross?
Jay:
It depends on the timeframe. John Hagel and John Seely Brown’s new book, The Only Sustainable Edge, predicts that overall (not just in learning), India and China will innovate to serve their own growing middle classes, with the result that superior but less expensive Asian products will flow back into the United States. This doesn’t happen overnight, but Tom Friedman’s The World is Flat sees this starting in the next few years.

5) The Learned Man: What do you think of The Learned Man! Initiative. Do you think blogs like this one have a role to play in forming networks, rounding up, creating, sharing and disseminating knowledge? How important do you think is that and how do you see the present blogs evolving?
Jay:
I don’t know enough about your plans to give an opinion on The Learned Man! Initiative, although I like what I’ve seen so far. Generally, I can’t say enough about blogs as a means of learning, sharing knowledge, creating connections, arousing action, and helping people out. Blogs will ride on the back of other software innovations, not lead them.

6) The Learned Man: What are your views on corporate blogs? How important do you think is it for companies to talk to their markets and customers via blogs? Is this the end of traditional PR newswires?
Jay:
This depends on the company, but in most cases, I am totally in favor of corporate blogs or at least a bulletin board. If I’m on a corporate site and can’t find some way to interact, I consider the company haughty and uncaring. Also, it’s only the good companies that benefit from transparency. If you’d have been able to look inside World.com or Enron, you probably wouldn’t have liked what you found there. PR newswires will continue because they are trivially cheap to produce.

7) The Learned Man: What are the 3 conferences that you think are most important to the e-Learning and training world?
Jay:
That’s an impossible question to answer unless you tell me who’s going to the conference. Local conferences can be enlightening to novices but bore me to tears. My current favorites include Online Educa in Berlin because you get academia and corporations together in one room and an international audience to boot. I’m looking forward to Elliott Masie’s Learn 2005 because of its innovations – and promotion of informal learning. I just returned from Gnomedex; the topic was syndication and podcasting but anyone who considers themselves an eLearning professional better learn about those things.

8) The Learned Man: Have you ever been to or are you planning a visit to India anytime? I know that there are lots of people here who would be eager to meet with you and benefit from a lecture or talk.
Jay:
I would love to visit India. My dream is to stay at that beautiful palace/hotel in the middle of a lake at in Udaipur. I’m willing to swap a couple of days of consulting or presentations for two business class air tickets from San Francisco for my wife and me – and the cost of two nights on the lake in Udaipur.

P.S.
Your readers might be interested to know that the town where I live, Berkeley, California, has a thriving Indian community. We have sari shops, a large spice market, and two dozen Indian restaurants and chaat houses. Namaste.

March 18, 2004

2004 Industry Predictions

What blog or resource is complete without a list of predictions. Fortunately for me, we are in March and I can safely include Josh Bersin's eLearning predictions for 2004:

2004 Industry Predictions

1. The LMS Market will grow steadily at 15% or more and at least one other major vendor will merge.
2. Rapid E-Learning and SME-Authored Content will become a red-hot market.
3. Blended Learning will continue to grow and become a mainstream approach to e-learning.
4. Live E-Learning will mature and one or more vendors will merge.
5. Training Analytics will become a mandatory feature of LMS solutions.
6. The “e-learning simulation market” will become better understood but still highly fragmented.
7. Content development will continue to move “in-house” and result in an upsurge in the market for LCMS and development tools.
8. The “packaged” e-learning market will grow rapidly and evolve with new approaches and technologies far beyond “page turning.”
9. EPSS, “Learning on Demand,” and workflow-oriented e-learning will be a hot initiative in most companies by the end of 2004.
10. 2004 Will be an exciting year in e-learning.

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