target audience: TECH SUPPLIER Publication date: Nov 2022 - Document type: Market Perspective - Doc Document number: # US49664622
Accelerate the Value of Learning with Learning Experience Management
This IDC Market Perspective assess the value of evolving learning and development (L&D) into learning experience management (LXM) through the fusion of L&D and employee experience (EX) considerations. The assessment looks at value-driver comparisons between L&D and LXM while providing insights into the current path to maturity organizations take to execute on LXM.
"Isolating for LXM within broader L&D ecosystem investments shows that revenue increases are 73.2% more likely for every dollar spent on transforming L&D into LXM. Transitioning to LXM is also 2x more likely than reinforcing traditional L&D environments to generate revenue increases with an increase on L&D potential of up to 6% especially among organizations more mature in their transformation," said Zachary Chertok, research manager, Employee Experience.