utah.bank 16 THE EDULOGUE By Beth Parker, Director of Education, Utah Bankers Association Learning & Development Trends for 2023: What You Should Know eLearning is the future of training and development. The pandemic paved the way for the creation of technologies that continually refine and redefine how we learn. The digitization of learning not only brings convenience but also offers ways for organizations to harvest crucial insights that inform learning strategy. eLearning can provide equal access and learner customization that addresses the need of every learner. Virtual Training Virtual learning refers to an environment where students study a digital-based curriculum taught by instructors that lecture online via video or audio. This instruction can occur either in a selfpaced, on-demand environment or a real-time instructor-led environment. Within the realm of virtual learning, virtual reality (VR) and augmented reality (AR) are immersive technologies that enable users to experience digitally rendered content in both physical and virtual spaces. Highlights and benefits: • Remote work setup will increase the demand for ways to provide virtual training. • Virtual Reality (VR) is set to revolutionize corporate learning. • Virtual training has the potential to close the skills gap in organizations. Microlearning Microlearning is educational content focused on a single learning objective delivered in a short modular format (often 5-10 minutes long). This content is typically designed as digital media to meet a specific learning outcome. Highlights and benefits: • In the corporate sector, learners prefer microlearning over other training methods. • The on-demand design of microlearning improves employee engagement. • The focused and targeted design of microlearning increases comprehension rates. Planned Learning Journeys A planned learning journey is a strategic employee development approach anchored on business strategy. It incorporates multiple formal and informal development components that take place over time. Most organizations design a learning journey for employees in leadership positions. The main objective is to optimize training investment and maximize learning stickiness (when knowledge stays with us forever) to transform behavior. Highlights and benefits: • 91% of HR professionals find the planned learning journey approach more effective in employee development. • Using AI, planned learning journeys deliver customized learning experiences. • Planned learning journeys optimize training investment and maximize learning stickiness. Smart Content Curation and Adaptive Learning Smart content curation is the act of continually identifying, selecting, and sharing the best and most relevant online information in a timely manner. Aside from smart content curation, another eLearning trend related to content curation is Adaptive learning. This is a technique for providing personalized learning, which aims to provide efficient, effective, and customized learning paths to engage each student. Adaptive learning systems use a data-driven approach to
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