SaaS LMS: The Revolution in the E-Learning Industry Is Here
The invasion of the internet and the emergence of cloud computing solutions is one of the main factors, which is responsible for driving growth in the online education industry. The evolution and rising awareness regarding the latest technologies and the zeal of the companies to adopt the latest digital transformation trends will increase the adoption of eLearning, thereby pushing growth in the online education market. Our education industry is witnessing many radical changes as we sit around in front of our computers and smartphones. Elearning solutions are gradually taking over the traditional education system. Today’s eLearning solutions are coming up with new tools and apps that are highly suitable for students and encourage collaboration among them. Courses these days are being structured differently, and one can easily witness much stronger connections in the virtual classroom.
Choosing the right learning management system (LMS) can help achieve this goal. Talking about numbers, the LMS market is expected to be worth over $15.72 billion in 2021. And one of the largest markets for this is North America. Also, as per reports, 41.7% of global Fortune 500 companies now use some form of educational technology to instruct employees during formal learning hours. There is an increasing demand for the Learning Management System to manage eLearning. There are tons of things to consider when it comes to opting for the right Learning Management System. Before this, let us know the key elements to consider when choosing an LMS.
A new buzzword in the learning management system industry is SaaS (Software as a Service). Let us talk about this in detail and the benefits of choosing a SaaS LMS platform for your online training course.
What is a SaaS LMS?
A SaaS LMS is a learning management system available on the cloud. Before the rise of cloud computing solutions, the only choice companies had was to buy eLearning software and install it on their servers. You can access the software SaaS through the internet (or “cloud“) instead of having it installed on your computer network. It allows users to access them from anywhere in the world. This is in stark contrast to installed LMS solutions, which are only accessible in one location.
Putting the idea of SaaS and LMS together, what you’ve got is a software application to help you manage and administer your workplace training needs. All the information of your users, content, and data would be hosted in the cloud. You won’t need to get your server. All you have to do is log in, create your course content, and manage the distribution of your courses.
SaaS Cloud is now considered the future of online learning solutions. Most corporations also seem to be more than satisfied with the SaaS LMS Model as it is budget-friendly and easy to manage.
The Advantages of a SaaS LMS
Speed of Implementation
With SaaS LMS, you won’t need an IT consulting company to launch your eLearning program. When dealing with a SaaS LMS there is no concept of implementation as the entire infrastructure is ready, and one needs to create an instance and start using it. It is not like the traditional ones, which used to take months to get implemented.
Hence, this saves both time and cost.
With a SaaS LMS, scalability is never a concern, because it evolves with your organization. You can add users, purchase add-ons, and upgrade your services at any time. The architecture of the LMS is built in such a way that it can take any user load if there is a sudden increase in the number of users. Also, the reoccurring issue of regular updates, bug fixes, and upgrades will be carried out centrally by the software company.
Centralized Data Storage
SaaS elearning solutions ensure that all your information stays safe in one place, and works as the host of all of your data on the cloud. It organizes all of your online training materials and assets so that you can find them at any time and from any location of the world. If your hard drive is ever damaged you can rest assured that your data is secure on the cloud.
Interesting Read: Role of Big Data Analytics in Shaping the Future of eLearning
SaaS LMS solutions come with regular updates and user-friendly interfaces. Thus, you can update and upgrade the system with ease. Reducing IT costs is also one of the benefits as there is no need to hire dedicated developers to maintain your SaaS LMS or fix bugs. LMS providers like LearnUpon usually have customer support which is available 24/7 so that you will have no disruption while using one.
Increase productivity and ROI
SaaS LMS vendors offer add-ons that make your online training courses even more effective and cost-efficient. It provides you the power to track your online courses and provides you the opportunity to streamline your online training strategy. You need to invest in infrastructure cost, maintenance cost, upgrading costs, or branding costs, this means a lower Total Cost of Ownership ( TCO). And with a lower TACO, you can achieve a better ROI.
It allows you to use the software
from anywhere on any device. Any device that can access your portals web page
can be used to access your LMS. This convenience allows learners to take their
training at any place and on any device. It will increase adoption and improve
training completion, this also increases the demand for enterprise mobility
services in the market.
Seamless Integration with third-party software
An SSO helps organizations to opt for seamless user integration through any of the third-party software in LMS. Most of the time the organizations require their HRMS data or PMS data to be integrated with the LMS from a reporting perspective and with readily available APIs that too without any additional cost for any integration efforts.
Choose The Right LMS for Your Business
As time passes, the LMS market scope is going to be higher because a high number of countries will continue to adopt these incredibly useful e-learning tools. With great features and lots of benefits, SaaS LMS is a worthwhile investment for a growing business today. It can enhance your eLearning program by empowering you to manage your training and development from anywhere in the world with little more than an internet-connected device. It’s important to remember that exploring the platform before you invest is worth the effort.
With SaaS elearning solutions the future of online learning will be social, remote, interactive, mostly online and it will be engaging. Whether you are a business owner, instructor, or teacher, you can use it either to educate your target audience or to enhance your knowledge. The above-mentioned benefits will help you to understand why a SaaS LMS is considered the future of learning. A robust content library can take your eLearning training to a whole other level, hence you should look for an advanced eLearning platform that can add extra value to your training needs.