Hi and welcome back.
Today's bite is all about real-time learning,
what it is and how it can benefit your organization.
Let's dive right in.
Traditional approaches to learning are failing.
To stay competitive,
organizations are looking for alternatives.
One of these alternatives is real-time learning.
So let's talk about what real-time learning is
and how it can benefit your organization.
First things first,
why doesn't traditional learning work?
Traditional learning is generally perceived
as tedious and uninspiring.
It tries to mimic the school system
and often fails to achieve its objective,
teaching new valuable skills that you can use in your work.
The reason it doesn't work well
can be explained by several factors.
One, scheduling problems.
People are busy and traditional learning often follows
a certain time schedule,
which can be difficult to follow for busy professionals.
Two, the content isn't immediately applicable.
Three, the content fails to inspire or engage students.
Four, the lessons aren't tailored to individual needs.
Parts of a tutorial or course
may already be known to individuals.
Five, inadequate speed.
Most training has a certain length
that a particular module can take,
which may be too slow for certain people
or too fast for others.
All of these together could be forgiven
if the training was at least effective
in teaching new information.
Unfortunately, traditional learning
has a bad record when it comes to knowledge retention.
Many employees will simply forget the knowledge
before they even have time to apply it.
The picture here features The Forgetting Curve
by the famous German psychologist, Hermann Ebbinghaus.
In traditional learning, you'll forget
about 80% of what you learned
in the first 30 days.
On top of this, traditional learning
is costly for companies.
They need to pay for trainer and materials
while some employees are not available
for lengthy periods of time.
All of these factors add up quickly
to make traditional learning
one of the largest expenses of HR.
Coupled with the ineffectiveness of the learning itself,
it is easy to see why companies
are moving away from traditional learning.
Leading companies are now increasingly starting
to implement real-time learning.
But what is real-time learning exactly?
When you need knowledge,
you often need it instantly.
Real-time learning is knowledge acquisition
based on immediate needs.
You don't have to wait for the next training session
or go through a lengthy online course
to find the skill that you need
at that particular time.
No, it is right there on-demand.
Some of the key characteristics of real-time learning
are its lessons are usually short,
three to five minutes long.
It can be used for both formal and informal training.
It is designed to meet a specific learning goal.
Its lessons are created in rich media formats such as video.
It is easily accessed and completed.
It is available on-demand.
This provides heaps of opportunities
for both employees and employers.
For instance, learners get the chance
to immediately apply their learning
as they are doing their work.
Similarly, companies take advantage of the rich data
they have on employees
and use AI to offer individuals based learning
to their workforce.
But how does real-time learning benefit your organization?
First, real-time learning is cheaper to build
than traditional learning.
There are less material and trainer costs involved.
The lessons are also shorter,
which reduces the cost significantly.
Some organizations have chosen to let employees
create most of the lessons themselves.
Many employees love sharing their knowledge
with their colleagues,
but simply didn't have the platform to do so before.
With real-time learning,
they finally have that opportunity.
This enables companies to create
a continuous learning environment for the entire company
with minimal costs.
Second, real-time learning is quicker to deploy
and to update afterwards.
Due to the length of the lessons,
development and implementation
take significantly less time.
Afterwards, updating these lessons
can be done quickly and efficiently
as you don't have to adjust an entire module.
Third, and this is really the reason
why you should implement real-time learning,
it's simply much more effective.
Knowledge on-demand enables employees
to learn directly what they need to learn.
In order to have an efficient workforce
that can easily adapt to changes
you need to allow them to quickly learn new skills.
Real-time learning offers you that ability.
And that's a wrap.
In today's bite you've learned about real-time learning
and its benefits.
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