Business Case: IIIE Offering eLearning Program

 
1.0 Introduction:

The advantages of e-Learning have been recognized all over the world by Industry, Non Government Organizations (NGOs) and Government organizations. More than 90 percent of Cisco's training is online. According to IDC estimates, worldwide, e-learning revenues will graduate beyond the 23 billion dollars mark by 2004 from less than two billion dollar in 1999. In the US, e-learning will account for 45 per cent of all training by 2004, up from three per cent in 1999 and it will account for two-third of worldwide revenues in 2004. NASSCOM says, "The softening economy has had a sustained impact on e-learning market in the Asia Pacific region, particularly in India, as price-sensitive companies have cut back on their training investments".

2.0 What is eLearning?

ELearning is any virtual act or process used to acquire data, information, skills or knowledge. In the context of this virtual toolkit, eLearning is enabled learning, learning in a virtual world where technology merges with human creativity to accelerate and leverage the rapid development and application of deep knowledge. For the purposes of the report, we use Brandon Hall's most recent definition of e-Learning: "Use of Internet technology for learning outside of the classroom."

3.0 Why eLearning?

Shorter technology & product and business cycles, availability of broadband, internet, falling cost of communications, the need for constant upgrading of skills and combined with increasing regulations in both the education and corporate sector are combining in a way to drive growth in the demand for eLearning solutions

In the knowledge economy of today, what empowers any organization is the quality of its staff & employees-who interact with customers, suppliers, manage internal business process, manufacture products or implement support processes.

Some of the main benefits of eLearning is summarized below:

Anywhere-Anytime-Anyone: Learning is accessible to all 24X7 through out the world. This unique feature makes eLearning convenient for candidates (viz. members, employees, students, clients, customers or any one who is willing to learn) to learn at any time, any place.

Saving in Cost and Time:With eLearning travel to specific locations for the purpose of education is totally eliminated. This brings about savings on the time and cost of travel that would otherwise have been incurred in conventional learning models.

Benefits to Educators
  • BPR of Learning Processes: With Re-engineering of time and paper intensive processes, such as student registration, and fragmented information silos, into easily and securely accessible integrated on-line services
  • Increased ROI "Return on Investment": By integrating existing Learning courses into a Web-based services environment, educators can get value out of an investment already made in development of that intellectual property.
  • Faster & Higher Quality Deployment: By using the work ?ow driven approach to content production in the Learning Content Management Service to streamline the signoff and quality procedures, faster deployment is achieved.
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    Benefits to Learners
  • Easy Access to Web-based Services: Web-based services are available anytime, anywhere, from any device. Single sign-on means only one password to remember, improved productivity, quick and easy transfer from one e-learning service to another, and increased satisfaction.
  • Increased Security and Privacy: Personal information, learning patterns, and test data are encrypted and securely stored and transmitted through the network, ensuring complete privacy for the user.
  • Personalized learning: With smarter content layout & presentation means that the learner, anywhere in the world, can focus on learning, because it is tailored to the pro?le and learning style that they themselves determine, not some arbitrary default. Also candidates can learn at a speed that suits them. Students can also take up studies and practice tests as many times as needed to perform better in examinations.
  • Career Oriented: E-Learners acquire skills required in the job market. Thus, jobseekers get jobs quickly, while employed students get empowered to rise in their career, or even change careers if interested.
  • Career Oriented: E-Learners acquire skills required in the job market. Thus, jobseekers get jobs quickly, while employed students get empowered to rise in their career, or even change careers if interested.
  • Uniformity of content: Instructional quality in eLearning is consistent to all learners irrespective of their location anywhere in the world, thus eliminating disparities arising from different teaching standards that are commonplace in conventional learning.
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