From phones to watches to TVs, everything around us is becoming'smart'. Education is not so far behind. The'smart' approach to education is typically the incorporation of Machine Learning (ML) in learning and development. Machine Learning leverages Artificially Intelligent methods to teach systems how to make informed decisions without any human intervention. This is done by feeding data to a machine learning algorithm which is then able to process the data and make inferences for future events.
Vbrick, the leading cloud-native end-to-end enterprise video solutions provider, announced the launch of Producer. Available natively within Vbrick's enterprise video platform (EVP), Producer enables users to remotely capture, produce, and distribute studio-quality video directly from a web browser without the need for downloads, additional licensing, third-party software, or hardware. "For enterprise video platforms, providing flexible options that meet a variety of use cases and support various video adoption levels will become an increasingly critical capability to deliver." From CEO communications and corporate training to marketing webinars and product launches, video has become central to business workflows. In the post-COVID world with employees working from home and in offices, organizations face mounting pressure to create high-quality, professional video experiences for speakers and audiences located around the world.
A version of this post was originally published in Entrepreneur on February 1, 2022. I've been in the education business for decades as a senior lecturer, trainer and CEO. When people ask me about the biggest challenge that learners face, the first thing that comes to mind is that learners see training as something they "have to do." Now, let's think for a moment about this. How did we get here? Why aren't we talking about "want to do" or "happy to have the opportunity to do?"
Matt Harrison runs MetaSnake, a Python and Data Science consultancy and corporate training shop. In the past, he has worked across the domains of search, build management and testing, business intelligence, and storage. He has presented and taught tutorials at conferences such as Strata, SciPy, SCALE, PyCON, and OSCON as well as local user conferences. The structure and content of his books are based on first-hand experience teaching Python to many individuals.
And it takes way too many hours to create an hour's worth of this kind of training material. According to a LinkedIn Learning research, today's workforce (which consists primarily of millennials and Gen Z) prefers to self-manage their learning experiences. Applying Artificial Intelligence to corporate training and eLearning courses specifically solves many of these challenges. Businesses are becoming more and more aware of the possibility of adopting AI for learning and development. In fact, 37 percent of businesses, or a staggering 270 percent growth over the previous four years, had used some kind of AI, according to the 2019 Gartner CIO Survey.
The use of artificial intelligence in education is expected to explode to a worldwide market value of $6 billion over the next six years, with about 20 percent of that growth coming from applications for U.S. K-12 classrooms and consumers, according to a report by Global Market Insights. In fact, the U.S. education market combined--consisting of K-12, higher education and corporate training--represents more than half of that anticipated growth, reaching about $3.4 billion by 2024. Of that, about $1.2 billion is expected to come from K-12 uses, the Selbyville, Del.-based market research firm indicated. That's a far cry from where the nascent industry started. In 2017, artificial intelligence--broadly defined as the attempt to simulate intelligent behavior in computers that is similar to the functions of human behavior--accounted for more than $400 million among all education segments worldwide, including higher education and corporate training purposes, according to the study.
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We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. As organizations continue to migrate their workloads and shift to hybrid or remote work, cloud computing is growing at a rapid rate. Last week at the AWS Summit, according to Swami Sivasubramanian, the vice president of data, analytics and machine learning (ML) services at AWS, analysts project that between 5-15% of IT spend has moved to the cloud -- suggesting that organizations will continue to migrate even more of their workloads to the cloud in the future. The enterprise ecosystem is experiencing a disruption that's largely a result of more cloud-native applications coming to the scene. More companies are embracing a mix of both corporate devices and bring-your-own-device strategies.
Employee training is an issue of critical importance for enterprises. Challenged to find skilled employees, sapped by high turnover rates, mired in massive transformations, the need to upskill and cross-train employees is paramount -- and almost too much for traditional approaches to training to handle. Artificial intelligence and machine learning are increasingly being leaned on to aid in companies' upskilling strategies, ascertaining skill sets, recommending learning paths, providing on-the-job training -- even helping determine what to pay for acquired skills. With more than 345,000 employees and an ever-present need to stay ahead of the technology curve, IBM is one such company putting AI to work in keeping its workforce sharp. "The half-life of skills is now five years," says Anshul Sheopuri, chief technology officer for data and AI at IBM HR.
StoryFile, the inventor of Conversational Video, has launched Conversa, the first and only enterprise SaaS solution that provides tools to collect video, to create and train AI interactions, and to be published anywhere on the web. Conversa is a subscription-based web-app that provides the technical tools for companies and institutions to create compelling Conversational Video for their teams, clients, and the public. It gives businesses control over their content, messaging, and branding. It gives audiences agency to enquire through an immersive, humanized experience that is engaging and impactful. "Conversa is the engine that will revolutionize business communications," said Stephen D. Smith, CEO of StoryFile. "It makes previously impossible asynchronous conversations possible, at scale, and forges a new kind of relationship between companies and their audiences.