The Global e-learning market is forecasted to exceed $400 billion by the end of 2026 (iSpringLMS). For growing institutions, it makes sense to invest heavily in e-learning to reduce training costs and time, with some sources saying that e-learning can reduce overall training time by 40-60%.
Common e-learning platforms for growing institutions include scalable, feature-rich LMS solutions such as:
- Docebo
- Absorb LMS
- TalentLMS
- LearnUpon
All of them are designed to help businesses create, manage, and deliver training to employees, customers, and partners.
Blended learning models, combining online modules with instructor-led training, work best and improve retention rates by up to 60% more than traditional methods (Simplilearn).
The consideration for growing institutions is to make e-learning cost-effective, so here’s how to do it.
Building Cost-Effective E-Learning Platforms
Focusing on core strategies and learning management systems (LMS) that reduce costs without compromising trading needs and quality, such as choosing open-source or low-cost LMS solutions, will benefit growing institutions.
Platforms like Moodle are great. Moodle doesn’t have licensing fees, which can be so expensive, and even though there are some customization costs, they are flexible.
The other option is to find cloud infrastructure with reliable hosting. You can find the best InterServer promo code for reduced-cost, high-quality hosting services that support cloud infrastructure, instead of on-premises training. There are no hardware costs, maintenance, or IT staffing overhead, and instead, you get instant, scalable, and remote access. There’s no need for local servers and manual updates.
Integrating existing tools into a new e-learning infrastructure also works well. Most growing institutions will already use video conferencing, file sharing, and assessment tools that are the foundations of overall institutional learning.
Then there are the simpler suggestions, such as avoiding rebuilding systems as student numbers grow. Reuse and repurposing existing materials rather than making new learning content every time.
Some of the hidden costs to watch for include:
- Licensing fees (especially enterprise LMS platforms)
- Content development (often underestimated)
- Integration costs between systems
- Training staff and onboarding users
What E-Learning Platforms Can Growing Institutions Benefit From?
Growing institutions have multiple e-learning platforms to benefit from. Some of the best include:
Learning Management Systems
These are some of the most core platforms for delivering, tracking, and managing courses. Popular options include:
- Moodle
- Canvas LMS
- Blackboard Learn (enterprise-level, more expensive)
- 360Learning
- D2L Brightspace
There are also cloud-based e-learning platforms sold as SaaS solutions hosted online. There’s no infrastructure needed, lower upfront costs, automatic updates, and pretty much unlimited scalability.
Or there are microlearning platforms that we’re seeing become so popular. They’re so effective at delivering short, focused lessons that we think are more ideal for workforce learning. Popular examples of microlearning platforms include:
- 7taps for rapid mobile delivery
- Axonify and Qstream for AI-powered frontline training
- SC Training (formerly EdApp)
A combination of modular platforms and collaboration tools like Zoom or Microsoft Teams for delivery and training works the best.
Building cost-effective e-learning platforms for growing institutions is about finding the right solutions that don’t compromise on the quality or the delivery of the training, and doing it in a way that employees actually learn from it.
