As the global work climate continues to increase in both complexity and competitiveness, the need for corporate training and effective employee development programs has become more critical than ever. In fact, a recent study by Technavio reports that the corporate training market will grow by nearly $53 billion from 2020-2024. Increasingly stringent compliance requirements, advances in core operating technologies, and workplace diversity training are among the issues driving the need for enhanced corporate training for companies of all sizes and from just about every industry.
In the past, the only option available for corporate training was in classroom-based, instructor-led training. But in recent years, enhanced cloud-based technologies combined with an increasingly remote workforces (a trend that was accelerated by COVID-19) have driven the use of online learning technologies (commonly referred to as “eLearning”) for education and training needs. And a Learning Management System (LMS) is the core technology that supports all types of eLearning needs, including corporate training and workforce development.
Your LMS Software Options
As your organization reviews and researches your LMS software and deployment options, you will find that you have a number of choices available to you.
Cloud v. On-Premises LMS
While you can choose to deploy your LMS on-premises, this option is typically appealing to larger organizations that have the resources available (both financial and labor) to handle the implementation and ongoing management of the system.
A more popular option, especially for small to mid-sized businesses, is in choosing a cloud or “SaaS-based” LMS offered by a third-party vendor. With this approach, there is no need for your company to make a large, up-front capital expenditure as all of the infrastructure is provided by the vendor. They also take care of the ongoing management and maintenance of the system and ensure that you are always working with the ‘latest and greatest’ features available in LMS technology.
As your needs grow over time, SaaS-based LMS vendors also tend to make scaling your use of the system very easy, and without a need for purchasing any additional hardware or software. And SaaS vendors typically offer a level of security that is very difficult for a company to achieve and maintain in an on-premises deployment.
Multi-Tenant v. Single Tenant
In a single tenant deployment of an LMS, you deploy one instance of the software and support components for a single client. While this approach does offer a great deal of flexibility, it comes at a high price.
In contrast, a multi-tenant architecture and deployment allows you to “spin up” multiple instances of the LMS application to support each of your unique audiences and training engagements. Each instance of the application can be set up dynamically, often in minutes. And each learning environment (portal) can be customized to offer a unique look-and-feel for that audience and engagement.
A multi-tenant architecture is usually the better option for corporate training and consulting firms that need to support multiple clients and training engagements with a single LMS infrastructure. Multitenancy offers both the flexibility and pricing structure to support this business model.
LMS Portals: Multi-Tenant LMS Software for Corporate Training
LMS Portals offers a cloud-based, multi-tenant LMS software application that allows our clients and partners to launch and manage multiple private eLearning environments, all from a single, centralized console. And each portal can have its own unique branding, user onboarding system, messaging tools, analytics, and more.