4/27: Astonishing Statistics about E-Learning in the Age of COVID-19 (Tech Jury)
Education, like all industries, has forever been impacted by COVID-19. Equipped with a new digital toolbox, both teachers and students are now pivoting to a “new normal.” Tech Jury just released new statistics about virtual learning:
The worldwide e-learning market is projected to be worth $325 Billion in 2025.
In 2017, approximately 77% of US corporations used online learning, but 98% planned to incorporate it in their program by 2020.
In 2017, 67% of US companies offered learning opportunities via smartphones.
E-learning increases retention rates by 25% to 60%.
E-learning for companies grew by a stunning 900% between 2001 and 2017.
E-learning has lead to an increase in income for 42% of US organizations.
A survey of 2,500 companies found that those with “comprehensive training programs” have 218% higher revenue per employee and 24% higher profit margins.
IBM saved approximately $200 million after switching to e-learning.
Read more here.