Learning Experience Platform Features That You Should Know About
The learning experience platform has found its niche in the global learning system market.
It won’t be hypothetical if we say that LXP has started challenging other forms of digital training approaches. Today the LXP market is valued at $500 million with a projected annual growth rate of 50%, proving this fact.
Let’s now get to the most important bit of LXP, starting with the definition of an LXP…
What is a Learning Experience Platform (LXP)?
Learning Experience Platform (LXP) is a modern training/learning platform that delivers personalized learning experiences for users based on their interests and needs.
An LXP pulls content resources from internal or external sources to provide users with custom learning recommendations based on what they want to learn in a holistic learning environment. LXPs offers a highly customizable learner-focused approach helping the learners interact with the platform more personalized manner. LXPs leverage innovative digital technologies to prioritize engagement and collaboration with the learning materials and peers. Users can add insights, suggestions, or comments on user-generated content to make learning more interactive and fruitful.
An LXP might sound close to a learning management system (LMS). While the two share a few similarities, there are key differences that differentiate the two. Hence, it is vital to understand in what perspectives they differ.
With an LMS, administrators define the curriculum, and the administrator controls the entire training/learning process. But in an LXP, the learning process is fully controlled by the learner/user.
The global LXP market size was valued at USD 810.36 million in 2021 and is expected to expand at 32.71% during the forecast period reaching USD 44427.35 million by 2027.
Key Benefits of LXP for Professional Development
Technology-enabled learning solutions have brought distinct benefits to companies. If you are looking for ways to deliver better employee training through personalized and digitized learning content, then LXP is the optimal choice.
Here are some benefits that LXP offers for improving a company’s employee training:
1. Provide Personalized Training Recommendations:
An LXP can provide personalized course recommendations without admins having to assign courses one after the other physically. It anticipates the learners’ interests and needs and tailors courses accordingly. An LXP offers learners the most relevant courses and learning methods, considering aspects such as their job profile, skills, preferences, previous learning history, and time spent on previous courses. This is not just a massive time-saver for organizations but promotes continuous learning by providing training that best suits employees and helping them learn new skills quickly and efficiently.
2. Focus on Skill Development:
An LXP records the employees learning/training history and is linked to the skills and job roles within an organization. Upon completion of courses by employees, LXP gives an overview of the skills and knowledge possessed by the employees. This ensures that organizational goals are aligned with the employees learning goals. LXP provides a smarter learning approach to ameliorate employee performance.
3. Learning Anytime, Anywhere, and From Any Device
New-age working patterns are about office-based, home-based, and hybrid work models. The best LXP comes with mobile learning apps that employees can access at any time, anywhere, and at their convenience. They can attend their courses during the office, or after office hours, during weekends, without interruptions. Employees can easily access the app and get started with their learning in an instant. This promotes higher employee satisfaction and productivity.
4. Targeted Investment in Employee Training
Want to conduct training for your employees multiple times? Don’t worry about the cost or the effort. A top LXP platform can support accessing learning materials numerous times with no limit to consumption. The reports generated by LXP give your insightful business data on every aspect of training and learning- course attendance, progress, completion, and learners’ performance.
5. Social Interactivity
Social interaction plays a vital role in learning. LXP allows employees to interact with their peers or experts in the courses they are involved in. Users can connect and collaborate to exchange insights, thoughts, and suggestions to make learning more interesting and effective. LXP also promotes employee engagement, social interactions, and team building.
How Does Skill Lake Learning Experience Platform (LXP) Help Corporates?
Skill Lake LXP goes beyond a traditional learning management system by providing employees personalized learning based on their learning needs and skills. Skill Lake offers a variety of different features that help to increase employee satisfaction and a sense of engagement, such as mobile learning, personalized learning, virtual mentoring, and gamification. Skill Lake assures a truly engaging and highly impacting learning experience for employees and organizations alike.
Skill Lake has a lot to offer that can redefine the training standards of a modern company like yours.
- Competency Mapping
- People Accountability
- Dual Learning
- Intuitive Dashboards
- Business Growth Acceleration
- Social and Collaborative Learning
- Multiple Learning Delivery Options
Skill Lake is the best choice for you if you are looking for an LXP platform that provides control to both learners and admins. Explore Skill Lake and its exclusive features by reaching out to our experts or watching a quick 30-minute demo.
Build a culture of continuous learning with Skill Lake’s state-of-the-art people development platform. Give your employees professional training to help them excel in their job roles and propel your business to greater efficiency and success.Start Today