If you practice edtech in your organization, then you might already understand the crucial role of digital learning platforms in constant employee growth. Corporate training has a direct impact on your company’s productivity. It gives workers a better understanding of their responsibilities, expands specific knowledge, and improves skills required to perfectly perform tasks. Educational courses help build employees’ confidence in their abilities and motivate them to work more efficiently and effectively, resulting in better KPIs.
LMSs lie in the heart of every training program as they help to streamline the user experience for all the participants of the process, whether or not they are instructors or students. Modern LMSs revolutionize along with technology, so keeping an eye on future e-learning trends in 2024 is pivotal for educational institutions or business owners. So, if you are an Edtech enthusiast too, continue reading the article to keep up with the time.
LMS development costs from scratch
LMS сosts differ depending on the project scope, required functionality, hosting, third-party integrations, system scalability, multilingual or localization support, and further expert maintenance. Pricing trends in learning management systems vary between $50 and $250 per hour. Typically, the IT team includes such participants as the project manager, business analyst, front-end and back-end developers, UI/UX designers, DevOps specialists, QA (quality assurance) testers, and other experts. They create administrative and customer (instructors and learners) sides of the system, make responsive, user-friendly interfaces, integrate databases, etc.
In total, companies may spend around $ 25,000 to $ 100,000 to build a robust LMS that meets the latest market trends. When the educational platform is verified and launched, owners may also need to pay for the ongoing maintenance. The service costs range from $45 to $200 (or even higher).
How long does it take to develop an LMS from scratch?
The time required to develop an LMS from scratch varies depending on several factors, such as the system size and complexity, the desired features, available resources, and the team expertise. However, it usually takes around several months to compile an LMS design, build, test, and deploy a fully functional platform.
Here is a list of different stages involved in creating an LMS and their average duration:
- Planning and analyses. This phase includes creating a project scope, determining system requirements, and compiling a working plan. It can last for 2-4 weeks. The more features a future LMS will have, the longer is the stage.
- Design. It may take around 4 to 8 weeks for an experienced team to design user interfaces and database architecture.
- Development. During this phase, IT specialists will write code, and add third-party integrations, like live chats or mailing tools. Depending on the number and complexity of corporate LMS trends included it can take 8-24 weeks.
- Testing and QA. This stage involves testing the ready-made Minimum Viable Product (MVP) for bugs and errors, analyzing customers’ experience, and gathering feedback for further software improvement.
- Launching and support. It requires anywhere from several weeks to several months to initiate a fully functional LMS, train users, and provide system maintenance. The duration depends on the project’s ongoing needs.
We described the average time required to develop an educational platform from scratch. However, more precise numbers can be calculated after a thorough analysis of the client's requirements and goals. Anyway, to ensure a successful project outcome it’s crucial to have a clear plan, a dedicated expert team, and all the necessary resources. If you want to learn more about your personal case, contact the MPS team and get comprehensive answers.
Top-10 eLearning Trends
Since technologies are rapidly evolving, companies look for reliable ways to improve their employees’ training and development. Understanding the future of LMS can help us to accept new advancements in time and adapt our educational apps accordingly. So, let’s explore learning management system trends for 2024 and discover new opportunities for increasing corporate performance and productivity.
AI-Powered Co-Pilots
Modern educators and content creators use AI-driven LMS and tools, like chatGPT, to improve and streamline the process of compiling e-learning courses. They help analyze data, pick up-to-date and engaging content, tailoring to individual needs, and enhancing overall outcomes.
Co-pilots guide trainees through their personal educational journeys, providing real-time assistance and measuring progress. Additionally, AI-based learning management systems analyze customers' behavior and promptly adjust materials according to individual preferences, level of knowledge, and objectives.
Cohort Learning
This trend for LMS systems is widespread in higher education and among K-12 learners (from kindergarten to the 12th grade), where tutors provide coursework for a group of students. Every member follows the same curriculum and educational pace in LMS programs and cohorts. All the participants complete training within a predetermined schedule. Interaction between students is a key part of the process. Learners get real-time support from teachers and also can lean on each other for additional assistance in pursuing common goals.
LMS cohorts encourage trainees to actively participate in group discussions via special dashboards or forums. The approach motivates students to complete tasks on time with fixed deadlines and may provide some competitive spirit. While this concept is not new, it prioritizes the importance of collaboration in a digital environment and assistance associated with classic face-to-face instructions.
Immersive Learning
Augmented and Virtual Reality (AR and VR) technologies change the way people gain new skills and knowledge by offering an immersive e-learning experience. The simplest example of AR is a Pokemon Go game released in 2016. Modern apps work in the same way, overlaying digital elements onto real-world objects. AR glasses and headwear provide contextual data and instructions right in the users’ field of view, making this technology one of the LMS future trends, which allows practicing different daily activities, from complex machinery maintenance to surgical procedures.
VR sets fully immerse students into the digital environment, where they can explore real-life scenarios without facing irreparable consequences. Virtual reality ensures a safe and fully controlled space for mastering acquired proficiencies.
Both AR and VR deliver better learners’ outcomes as they offer dynamic and engaging experiences, prepare users for real-world challenges, and increase their confidence…
