E-Learning- The Fastest Growing Trend In Global Education

The term e-learning was coined by US learning guru Elliott Masie in 1999 as: “e-learning is the use of network technology to design, deliver, select, administer, and extend learning.”

Over the last decade, distant learning got a technological makeover and was reintroduced to us as e-learning. Traditional pen & paper methods of studying, although efficient, are now taking a backseat globally. With consumers looking largely towards convenience and time-management, e-learning is the new way of learning. This newest development in education market is in for the long haul.

According to Forbes, the eLearning market is set to be worth $325 Billion by 2025. Analysts predict that global eLearning market will continue to grow by 5% yearly, and in time will replace offline formats.

These statistics might look esoteric in nature but the growing demand of digitized education rules out all doubts. E-learning is one of best things to happen to students worldwide as here’s why:

1. Time Saver

E-learning is extremely time saving. Since classes happen online, students can stay at home and study without worrying about travelling to the venue.

2. Cost-effective

Online courses cost way less than traditional classroom courses due to removal of added overheads. Because of this, many more people can now look towards e-learning modules to increase their knowledge without burning a hole in their pockets.

3. Customized Courses

With e-learning, students can now choose what they want to study individually. Digital learning sites also provide courses customized to your interests. With this feature, more people lean towards leaning because it allows them to choose their field.

4. Aids Corporate Training

Organizations prefer e-training over traditional face-to-face training. Digital training makes it easier for employees to learn at their own speed. It also s cost-effective for corporates as it eliminates need for catering and venues.

5. Increased Accessibility

With e-learning, anyone with an internet connection can learn. Courses are no longer available only to the elite. This also allows people from anywhere in the globe to study courses from esteemed universities from the comfort of their homes. This is a major step in the direction of inclusivity.

6. Follows Latest Trends

With e-learning, students can always learn with the latest technology and about the latest updates in the world of education. Traditional textbook methods required years before publishing the new trends and by that time, the trend is no longer in the news. With e-learning, learn about major advances in any field in the blink of an eye.

7. Instant Feedback and Addressal

E-learning is a friend of shy and introvert people. Students who usually do not voice their doubts are left behind in class. With digital courses, each student can get individual attention and can get their concerns addressed immediately. It also helps others to not being held back by students who take longer to understand. Each can learn at their own pace.

8. Ideal For Working Individuals

With digital learning courses, even people who already have a job can learn in their free time and increase their knowledge base, without having to quit their jobs.

9. Sustainable Learning!

According to research, eLearning training reduces energy consumption by 90% and increases productivity by 85% as compared to face-to-face training. It also eliminates travel, venue, food overheads.

E-learning comes in various formats so each student can choose the format which they are most comfortable in. The different types of e-learning content formats are:

  • Digital Courses
  • Quizzes
  • Webinars
  • Video Courses
  • Screencast
  • Talking Individual Video
  • eBooks and Articles
  • Conversation Simulations
  • Virtual Reality Simulations
  • Podcasts
  • Mailing Lists

E-learning is an exciting avenue of education. In coming years, it is expected to take over traditional learning mechanisms and take over the world of education.

We, at TCW Group, are in tandem with the latest trend of e-learning with our digital learning portal Innoversity that houses a plethora of online courses to suit everyone’s needs.

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