Friday, 28 July 2017

Introducing Gamified Learning for Professional Training

Today is the time to impart highly engaged and collaborative learning. The future of e-learning cannot be monotonous courses lacking motivation or emotional response. Instead, they need to be interactive and interesting so that learners feel enrolling for courses the next time also. Games are integrated with e-learning to provide a huge scope for communication between learners as well as engagement. The trick with gamified learning is to adopt effective learning approach in order to meet tailored learning needs. The perfect way is to start learning by examples and then utilize those techniques at workplace.

Understanding the Key Concepts of Gamification

It is important to deliver-learning solutions that cater to individual training requirements, solve critical business issues and have an impact on the organizational growth. Simulation of games with e-learning is an added advantage to attain organizational goals. Let us discuss the basic concepts and terminology associated with game-based learning:

Game mechanics: It is about rules and feedback loops to make the game complete fun. For example: Bonus, points, badges, status, level and progression. A real-life example of adding game mechanics to training content is the airlines’ frequent-flyer loyalty program where members earn points for flying on the airlines.

Status level: As participants earn miles and points, they can redeem them for free flights. As the total points are collected, learners gain an opportunity to attain different status levels.

Game thinking: It is essential for learners to involve in game thinking process. Organizations include several game elements such as stories, characters, avatars and quests to give complete control of the game to the player.

Gamification: Its Features at a Glance

While games have some defined rules, gamification is merely a collection of activities with some points, rewards or badges.

Losing may or may not be there, because the aim is to motivate learners to perform better at the workplace.

It is a cost-effective approach.

Generally, game-based elements are added without making too many changes to the original training content.

To sum up, games hold a major contribution towards interactive experience of the learner. Unlike classroom training, learners are more occupied from start to finish of the session, being engaged to the core. In today’s ever-changing learning environment, challenges of traditional learning approach are overcome by introducing gaming elements.

Gamification is implemented to motivate learners and train them on complex topics. What makes games so engaging and exciting is a frequently asked question. The answer to this is the in-built learning design customized as per the needs of learners. Gamified learning is an innovative approach to both learning and teaching. It creates an imaginary world for learners where they are free to plan and analyze new things without any hurdle. Also, unlike classroom sessions, it provides instructors the means to develop a course which can be taught in a more amusing way. The bottom line is that the integration of games with e-learning has stimulated the creation of interactive gaming environments to engage learners with ease.

Tuesday, 25 July 2017

Address Compliance Challenges For Banking And Finance Industry With Effective LMS Solutions

With digitization, technology has transformed the BFSI (Banking and Financial Services and Insurance) industry over the last few years. Technological advancement taking place in the Finance industry is expected to rise at a more rapid pace during the next decade. It is crucial for people working in this sector to stay updated with the evolving development strategies if they want to stay ahead in the competition. The ever-changing regulatory requirements have also led to the increasing demands for workplace training.

Like any other services based industry, success of organization in the BFSI industry depends upon the proficiency of workforces. Workplace training plays a major role in improving competencies of employees working in this domain. Organizations in this domain reap the benefits of LMS toprovide e-courseware and meet tailored training needs. Given below are some of the following training needs of this domain:
  • ·       Training on regulatory aspects

Finance domain is considered as one of the most heavily regulated industries in today’s economy. Organizations may face serious issues in case of violation of laws. Therefore, it is essential to train employees on relevant compliance standards and norms. Implementation of LMS solutions help meeting compliance demands in an effective manner. With the help of instructional design techniques, online courses are created to deliver content on regulatory issues. For instance: Full potential of problem-based learning can be utilized to increase analysis power of the people. You can deliver content in the form of scenarios and case studies to explain about rules and regulations followed by the BFSI industry.
  • ·       Training learners on complex software

In today’s technology-bound era, complexity of products, software and applications is increasing with time. Companies are relying on the use of complex software to boost workplace efficiency, which makes it imperative to impart influential training to their employees. With e-learning, it is possible to develop training courses that impart high quality and cost-effective training solutions. Different kinds of rapid authoring tools are used to create interactive online courses including simulations, which are used by firms to develop complex financial models.
  • ·       Delivering learning material on financial instruments

BFSI companies deal with plethora of financial assets including funds, bonds, banking and insurance products. E-learning helps educating employees through examples and other instructional tactics on a wide array of products.
  • ·       Offering quality-driven information security training

Loss of confidential information may lead to disastrous impact on the BFSI industry. Therefore, it is essential to train employees on data security by using highly engaged e-learning content. Hands-on activities and brain teasers on data safety are presented using interactives such as puzzles, quizzes and rollovers. In addition, workforce training can be imparted on industry regulations while sharing information on social networks.

Digital learning helps the Finance industry to provide effective training solutions on regulatory requirements. It helps financial firms equip their personnel and skills of sophisticated technology and deliver quality-proven security training. Online courses are used to provide customized training on different processes followed by financial firms and financial instruments.