With innovations in artificial intelligence and augmented reality, technology has changed this industry. For this reason, you can easily get caught up in the hype on new technology. This can happen without you understanding its benefits or its drawbacks.
That’s why education must happen for everyone to understand the economics involved. And, the possible value for learners and the business.
Using technology in the right manner helps to improve team members’ performance. It also has a huge impact on skill development. It enables you to move beyond basic skill development to employee performance improvement.
Innovative strategies benefit learners by adding context and relevance to the learning experience. Technology can bring learning to your team members. It makes high-risk environments safe for learning.
Top corporate training innovations that are changing the game in the industry
After the industrial revolution, the business world stayed the same way for a long time. But it’s now safe to say that things have changed significantly. That’s because technology is developing so fast that you can be swept away in a tidal wave of progress.
You may think that the business world hasn’t come that far. But if you were to access a time machine a little over 10 years ago, you’d be surprised. Technological innovations have changed every aspect of how businesses operate. So what are these corporate training innovations we’re talking about?
1. Augmented reality
Augmented reality is quite expensive. But, it’s worth investing in because of the learning experience that comes with it. Integrating AR into your training programs creates more engagement compared to regular training sessions.
AR exhibits a computer-generated 3D visual on the learners’ mobile screen that’s superimposed over an image. Industries like automobiles, architecture, and healthcare are using AR. That’s because it helps in providing in-depth training to employees.
This technology also provides an in-depth understanding of a minimum viable product template. Sales professionals can use an AR version of their product, which they can rotate and zoom in for a better view. They can use this feature while pitching the mvp template to prospective clients.
2. Improving the feedback experience
New experiential learning methods enable brands to improve the feedback experience. An employee’s ability to improve how they perform tasks and add value is dependent on many factors. This includes how fast they can get feedback and in what form.
In many cases, there’s too much time between when someone performs a task and when feedback is received. Additionally, the nature of the feedback is usually incomplete. Think of the form of feedback used in a role-play exercise.
Someone may write, “Too aggressive” on a form. A leader may not realize how they showed that. Better and immediate feedback can be given using tools like facial recognition to detect a furrowed brow. Voice analysis can be done to detect tension and wearables used to detect posture.
Virtual reality avatars can help to improve immediacy and better feedback. This helps to accelerate self-awareness and skill development.
3. The use of artificial intelligence
Artificial intelligence is reshaping the business landscape. Its application has changed business processes in almost every sector. It has become an important strategy for those in need of maintaining a competitive edge.
There’s a lot AI can do in the business world, beginning from machine learning to the real estate sector. The sales enablement space uses AI to track clients and predict their intent to buy. This gets done by looking at buyers’ search patterns and what they viewed and opened.
There’s the worry that AI will eventually lead to joblessness. But the general thinking is that there will be a need for job creation. That’s because new roles will emerge to facilitate the transition to the new environment. For instance, as AI replaces large standing workflows, the need for people to incorporate them will become a necessity.
Innovation strategies in AI are moving at a lightning speed. Its effects may be unknown at this point. But it will certainly have an impact on businesses across different industries.
4. Cloud computing and digital transformation
Digital transformation causes fundamental changes in how businesses operate. It optimizes internal resources and delivers value to clients.
Cloud technologies offer the foundation for businesses to become more agile. It also makes them customer-focused and enables them to do more collaborations. It enables you to move some of your operations to third-party servers.
The servers are accessible through internet connectivity. This allows for variable data packages and quick expansion without the fear of downtime.
Adopting the cloud enables quick innovations. This makes it easy to scale and bring new market capabilities. It has allowed businesses to access resources that may have been cost-prohibitive in the past. This has evened the playing field when competing against corporations with more funding.
5. Versatile e-learning platforms
During the COVID-19 pandemic, organizations realized the importance of online training platforms. That’s because they enabled them to meet the needs of their staff and do a lot more. This kind of platform must adapt to the evolving needs of organizations.
The most important of the features they can include are:
- Cloud-based systems. What students need to access their training is an internet connection.
- Multi-device availability. It gives users the flexibility to decide where and when to use the training platform.
- Multiple languages. It provides organizations with the ability to train a large number of employees.
6. Support data
In today’s business world, that which can’t be measured does not exist. Organizations need training data to know what’s working and what isn’t. The data yields results in the search for initiatives that promote active participation. The initiatives also help in promoting user engagement.
Corporate training is full of data from the basics like platform recommendation rates. This goes to the more in-depth platforms like the evaluation of tools.
This means that with continuous ROI, organizations will heavily rely on evaluation. This will in turn increase the long-term quality of the training.
7. Need-based training
Self-learning courses have been on the rise in the recent past. It’s in such training that employees choose what courses they want to learn online. So rather than employees looking for sources to train, how about providing them with such opportunities?
You can survey to find out the skills that your employees want to learn about. You can then plan to have workshops or come up with an online training module. Offering customized learning opportunities enables team members to learn new skills. And implement them while performing their tasks.
Innovation training has given a powerful impetus to professional training. Simulation forms of employee training have become popular in corporate training. This training provides the best return on investment. Apart from flexibility, it also provides individual lessons for different levels and positions.