The shift to global eLearning and online training is now recognized as one of the most necessary business increases on the planet due to the Coronavirus. The revolution in the market is poised to grow at a Compound Annual Growth Rate of around 7% over the next decade, as reported by Business Wire. This means by 2025, the industry will reach approximately $331billion.
Online learning has now been adopted by businesses, schools and even government organizations for compliance training, continuing education and certification, as well as higher degree programs. In fact, 40% of Fortune 500 companies use eLearning for professional development, with over 72% of American organizations believing eLearning gives them a competitive advantage. Professionals across many fields, who once had to travel to different conferences, lectures or courses to clock hours for certification, can now tune in via webinars and lectures from their home.
That’s why we thought we’d share with you this great article from the Forbes Technology Council by Chris Richardson called ‘The Next Revolution in Global eLearning’. Chris is the CEO of Linius and has more than 20 years’ experience leading tech companies in the US, Europe and Asia. He has also served in managerial roles for several Silicon Valley start-ups and helped to build the early internet as a software engineer at MERIT Networks.
His article shines a light on the new era dawning for global eLearning with the power of video virtualization and artificial intelligence. These leaps in technology could enable the AI revolution to be the most compelling new way to improve our minds, lives and society.
Chris Richardson said:
“The application of AI and the virtualization of video data are just coming into sight on the horizon. The impact of this will be larger than we can guess, and as the necessary technology emerges it will create a new world of education, data retrieval and the dissemination of ideas.”
Click the link below to read Chris Richardson’s interesting article for the Forbes Technology Council to learn more about the imminent AI revolution in global eLearning.