The metaverse is one of the most recent technological innovations the world is craving for each moment.
The size of the metaverse market worldwide will grow to $100.27 billion in 2022 and $1,527.55 billion by 2029. (Fortune Business Insights)
Among the countless possibilities, metaverse learning steals the limelight.
The global education metaverse market will hit $32.39 billion by 2028. (Vantage Market Research)
Moreover, the metaverse is not only heading towards everyday thoughtful exchange across the web, entertainment, and mainstream education and media. Metaverse technology is also among the top discussions behind the doors of corporate board meeting rooms.
In fact, similar to the education sector, corporates are also after maximizing metaverse potentials for business growth and employees’ welfare. Moreover, corporates strive to become the metaverse modality’s early adopters.
Hence, the corporate understanding of the metaverse school will surely bring a seismic shift to the corporate culture and training paradigm.
The experiments of metaverse applications are relentless and loud.
Industries are still learning more about metaverse and planning for metaverse development.
Metaverse learning is already impacting corporate e-skills training and development.
The corporate e-learning market will grow to 450 billion by 2028. (Global Market Insight)
It’s been years since humanity took a giant leap from analog operations to digital transformation. The elements of metaverse learning, like Artificial Intelligence, immersive technologies, Etc., are already positively affecting the corporate learning and training space.
Metaverse will add the extra star to it.
What Is Metaverse Learning For Corporates?
The concept of virtual experience is nothing new.
Students are leveraging immersive technologies to make their learning progress: it is something the world already knows.
However, with Mark Zuckerberg’s announcement of Facebook’s rebranding and the metaverse endeavors, metaverse fever heightened.
Consequently, people’s surge in interest in metaverse technology has encouraged different sectors to fasten their seatbelts and dive into the technology.
Metaverse learning is already an established zone. Surprisingly, it is through metaverse corporate e-learning that corporate metaverse efforts are getting new wings to flap.
The metaverse corporate e-learning zone is no different than the other metaverse learning spaces.
- Metaverse corporate e-learning and training space is a network of interconnected three-dimensional spaces carved out of AR and VR.
- Corporates and employees can easily access the training space with hardware, like VR goggles and AR-compatible mobile devices.
- The virtual simulated training space, the availability of digital tools, Etc., facilitates employees’ knowledge-acquiring ability.
- For instance, teams can draw 3D diagrams in the virtual space or on a digital whiteboard.
- While learning about advanced software, employees can look deeper into the software components through AR technology.
- In the corporate metaverse learning zone also, everything is interoperable. Avatars and information can coincide within one or multiple corporate e-learning metaverse spaces.
How Is Metaverse Learning Changing The Facets Of Corporate E-Learning?
Employees’ e-learning exposure largely depends on video conferences within a hybrid workplace for years.
- However, training video conferences are no match for in-person training.
- Training through video conferences also fails to grow a robust and well-knitted corporate culture.
- It never boosts employees’ craving for learning new skills.
These corporate e-learning deficiencies are something that metaverse is about to revamp.
- Employees and students take 40% to 60% less time to learn new things on e-learning platforms than on conventional learning. (Guru99)
- On the other hand, VR training holds a 75% retention rate. While conventional audio-visual training retention is 20%. (FrontCore)
The boom is evident when these two merges within a metaverse learning space.
Moreover, the global e-learning market will reach $325 Billion in 2025. (Techjury)
Considering the impact of VR training, one thing is sure. Metaverse undoubtedly holds a part in the massive growth.
Following are the way metaverse aids in increasing the retention rate and revenue of the corporate e-learning industry:
Virtually Simulated Boardroom And Corporate Workplace
- Metaverse keeps the company boardrooms, conference halls, and even the entire office environment alive.
- Employees can indulge in face-to-face interactions similar they do in a real-life workplace.
- Instead of connecting with remote trainees through video conferencing, trainers can immerse themselves in the metaverse space to share knowledge.
- Virtually simulated metaverse corporate e-learning space ensures zero distraction of employees from the course module.
- Moreover, since the virtual training space looks and feels the same as the real-world training room, employees can clear their doubts without hesitation.
- They are highly customizable, whether a metaverse school or virtual corporate e-learning space. Trainers can access digital tools to explain the training topic clearly to employees.
- Access to digital tools like whiteboards, file sharing, notes, and augmented elements enhances employees’ learning experiences.
Coaching In The Virtual Shared Workspaces
- In one-on-one training, collaboration was never possible. Employees cannot access the collaborative learning approach unless they join classroom training sessions.
- In the present corporate training landscape, the metaverse is revamping all the elements of online employee training. And here, collaborative learning, even in on-to-one sessions, is attainable within a metaverse space.
- By teleporting themselves within a metaverse e-learning space, employees can collaborate with each other, the trainer, and other organization decision-makers.
- The trainers can add a different perspective to the training. How? They can present some real-life examples to trainees through photorealistic projection.
Inclusion Of Gamified Learning Elements
- From the perspective of many business leaders and decision-makers at the initial stage, the metaverse is suitable for the gaming world.
- However, it did not take them long to perceive that metaverse is a game-changer for many industries, including education, finance, fashion, automobile, and IT, to name a few.
- And, not in the sense of production, marketing, and business management, the metaverse is also reshaping their employees’ training.
- For the past few years, many corporates have been striving to include gamification in their employee e-learning module. The inclusion of gamification can ramp up their boring training sessions.
- Metaverse offers excellent exposure to corporates To include gamification elements in their e-learning spaces.
- Using digital scoreboards, awards, personalized avatars, etc., allows companies to bring the best e-learning experiences to their employees.
Wrapping Up
To conclude, in the present scenario of IT professions, relentless learning is one of the top priorities of survival.
Metaverse learning allows professionals to attain new skills and knowledge differently. Like education metaverse for K-12 students, metaverse corporate e-learning modules are also interactive and engaging.
With metaverse, there is no room for monotony and learning deficiencies.
