Lessons in Corporate Learning for Education Technology Companies

With digital expected to play an even greater role after the pandemic, BCG and Teachers’ Innovation Platform (TIP), the venture capital division of Ontario Teachers’ Pension Plan, joined forces to learn how education technology (EdTech) could support advancements in corporate L&D. We interviewed...

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Bibliographic Details
Published inBCG Insights
Main Authors Tyce, Henry, Leufkens, Brad, Norchet, Emmanuelle, Parham Peiroo, Ritsema, Eric, Shandal, Vinay
Format Web Resource
LanguageEnglish
Published Boston Boston Consulting Group Boston, MA 23.02.2021
Subjects
Collaboration
Coronaviruses
COVID-19
Data analysis
Employees
Employers
Employment
Genetic counseling
Learning
Pandemics
Skill development
Skills
Social networks
Soft skills
Software
Talent management
Venture capital
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Summary:With digital expected to play an even greater role after the pandemic, BCG and Teachers’ Innovation Platform (TIP), the venture capital division of Ontario Teachers’ Pension Plan, joined forces to learn how education technology (EdTech) could support advancements in corporate L&D. We interviewed more than 20 CEOs, EdTech experts, and venture capital investors to assess the opportunities for learning platforms to extend beyond the delivery of content and assessments. The Rise of Learning Ecosystems Until recently, EdTechs operating in the B2B space focused mostly on: * Providing skills development, such as online and on-demand content for short-form credentialing * Helping learners track credentials, demonstrate skills to employers, and apply for jobs * Bridging the needs of employers and employees by offering upskilling, coaching, and advice to workers and by helping companies recruit talent with highly sought-after skills Top companies are now looking beyond skills development to embed learning into their day-to-day activities and long-term strategy. Because the development of these learning ecosystems is very complex, EdTechs have a unique opportunity to help their enterprise partners transform into full-fledged learning organizations. According to BCG’s separately conducted employee sentiment survey, employees who reported satisfaction with their social connectivity to colleagues are two to three times more likely to have maintained or improved their productivity on collaborative tasks during the pandemic than those who are dissatisfied with their connections.