The definition of digital learning
Before we dig deeper into digital learning, we will start by sharing the definition of digital learning. When you think about digital learning, you quickly think about computer learning. Digital learning is a learning method that enables learners to develop their skills using various creative digital methods. A range of methods can be used, including blended learning, gamification, augmented and virtual reality, online learning, and much more.
The idea of using digital learning does not mean we continue the learning process via digital means only. The purpose is to use digital methods and techniques to enhance the overall learning experience. Therefore, having access to a device or software does not necessarily mean that your development depends on it nor that it will affect your results better.
Why is digital learning important?
- 80% of employers have depended on online learning as a reliable form of education since 2011
- The corporate online learning market will get higher, reaching $38.09 billion between 2020 and 2024.
- Online learning improved employees’ performance by up to 15%-25% and their retention rate by 25%-67%
- Employees require 40%-60% less time to complete their online learning course
- IBM saved $200 million since shifting to online learning
You probably tried to search about the meaning of digital learning or why it is significant, and you found millions of results, thinking that the answer would be in all of these results. The answer to this question requires more than a simple sentence. There are numerous benefits to using digital learning, yet, our focus is on those that corporates can mainly benefit from.
Statistics show that 80% of employees have depended on digital learning as a reliable form of education since 2011. As businesses began to see the benefits of digital learning for revenue generation, they began to invest more and follow the path of digital learning. They preferred using digital learning over the traditional one due to the high cost for the latter. As a result, it was estimated that the corporate digital learning market would grow, reaching $38.09 billion between 2020 and 2024.
Corporates were able to measure the impact of using digital learning on their employees’ productivity. A study in the US conveyed that using the online learning method improved the employees’ performance by up to 15%-25% and increased their retention rate by 25%-67%.
Another study conducted in 2017 showed that using online learning in corporates reduced the time needed to complete the course by up to 40%-60% compared to traditional ones.
Moreover, studies highlight that corporates saved a fortune when they started switching to digital learning. Corporates achieved this by minimizing the costs spent on travel expenses, hotel rentals, equipment, and instructors. A live example of these corporates is IBM, saving roughly $200 million since they shifted to online learning.
These numbers are just a drop in the ocean compared to other statistics, but what matters here is that digital learning is a fast-growing market, and it’s the new era of learning. Imagine how the future will look like when we cope with the revolutionized methods and techniques to develop how we think every day.
Digital learning is shaping our future and aiming to develop the traditional training methods we use every day. There are numerous methods and interesting facts about them. Download the free E-book Strong 7 facts you need to know about Digital learning today and learn more about them.