TD Magazine Article
Member Benefit
Published Fri Jul 01 2005
The article presents information about a powerful learning management system (LMS). It is a software package that enables the company to create individualized training schedules for each employee, schedule classrooms, track each employee's progress, manage all aspects of the corporate curriculum and serve as the delivery platform for e-learning courses. Clearly, managing corporate learning has come a long way from generic spreadsheets and simple flat-file databases. In fact, LMS is one of the hottest market niches in software right now, says Josh Bersin, principal of an educational software consultancy Bersin & Associates. LMS software and service firms rang up a half-billion dollars in revenue last year, and Bersin expects the market to grow a whopping 20 percent this year. LMS got its biggest boost in the late 1990s, as electronic course-ware became enormously popular. Older learning management systems were designed to track in-person classroom teaching, but they weren't able to manage self-serve CD-ROM courses.
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ISSUE
The LMS Value