Today E-Learning has caused a revolution in the educational sector globally and remains high in demand. E-Learning tools just keep getting bigger and better. It has certainly provided a larger platform for learners to experience education on a broader and effective level.
Here is a list of 10 facts about E-Learning.
- E Learning is the second most used training method among organisations, many companies are moving at a faster rate because of E learning and are breaking away from the traditional way of learning, where an instructor usually conducts the training sessions. The global market for E learning is expected to cross over $100 billion by 2015.
- E-Learning is eco- friendly. Recent studies done by the Open University at Britain have found that E-Learning consumes 90% less energy than traditional courses. Carbon dioxide emissions per students have also reduced by up to 85%.
- 25% of all employees leave their jobs mainly due to lack of training and learning opportunities. Whereas, on the other hand companies who do provide E- learning opportunities, generate about 26% more revenue per employee.
- Knowledge retention has increased from 25% to 60% just by E-Learning.
- Companies that incorporate E-Learning are able to save between 50% to 70% when replaced by instructor- based training. E Learning has proven to increase productivity as employees or even students no longer have to travel or rush to catch the bus or train to get to class.
- By 2016, the Asian E-Learning market is expected to reach $11.5 billion. Two countries with the highest growth rates in the world are Vietnam and Malaysia with 44.3% and 39.4% respectively. India comes close behind these countries with other countries such as Thailand, Philippines and China following soon.
- The term E-Learning was coined in 1998 and the pioneer behind it is ‘Jay cross’. The ELearning market is now more than 13 years old. Since then, E-Learning has continued to evolve rapidly and has dynamically changed the training industry.
- The “E” of E-learning was not only interpreted to mean “electronic” but was also meant to be interpreted as “exciting, energetic, enthusiastic, emotional, extended, excellent, and educational”.
- So far E-Learning has helped 72% of companies globally to keep up-to-date changes in their industry; this has helped each of those companies to know what it takes to be competitive within the global market.
- It has been estimated that E-learning will increase at an average rate of 23% till the year 2017.
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