Digital Learning Realities 2024 part 5: New technologies
Fosway Group, Europe’s no.1 HR industry analyst, has completed the insights from its annual Digital Learning Realities research, in association with the world’s leading workplace learning tech event, Learning Technologies. Now in its 10th year, the research explores how L&D teams rise to the challenge of a fast-changing tech landscape.
Crucial to L&D teams is the support of the C-Suite. Organisations where their executive team believes learning and people development are central to success are almost twice as likely to have seen their overall L&D budget grow in 2024. Even more importantly, an enthusiastic C-Suite is almost three times more likely to accelerate their investment in new digital learning projects.
The infographics are part of a five-part series published weekly, and results can be found below.
The NEW Learning Technology Landscape
‘Best of breed’ LMS and LXP solutions dominate the learning technology landscape
Despite an increased focus on learning functionality from HCM vendors, only 12% of organisations are using the learning module in their HR or HCM platform. HR solutions are not winning this segment of the market, with only 9% of L&D teams using the learning module from their talent management suite. Specialist solutions are in the lead. The majority, 76%, use a best of breed, or multiple best of breed learning systems to manage and support the learning experience.
When I look back over the past 10 years of the survey, we have seen some steady shifts. But based on this year’s data – we seem to be on the verge of a true step change. AI is changing the game and it’s difficult not to see that learning will never be the same again. The question is, are you ready?
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