An Amazing Tool For Learning: Learning Management System (LMS)

Nowadays, technology is growing day by day in almost every field. It is doing a marvelous job in the field of learning as well as many programs, tools and techniques are invented which are widely used across the globe. LMS (Learning Management System) is one of the tools which have many features.

A learning management system (LMS) is also known as a Course Management System (CMS). Learning Management System is a software program which allows the learner to learn anything from anywhere and anytime. The user can access the resources and study materials online. By using an LMS, a user need not go to anywhere else which results in saving a lot of time. It is a good way to use the resources and internet technology to offer up to date training in a cost effective manner. It is also helpful in the progress, productivity and management of training or learning activities within an organization or corporation.

There are various types of LMSs which are used according to the need and purpose of a particular institute. For instance: banking LMS, schooling LMS etc. Various implementations of LMSs are as follows:

• A school can use LMSs to develop the classroom learning.
• A firm can use LMSs for employee training and certification.
• An Organization can use LMSs to offer virtual courses of e-learning to a large population.

The corporate world is developing due to the rapid change in the technologies or tools and by introducing new ideas, approaches and policies. To compete and enhance its business, a company needs to train and educate the employees about the changing dynamics of the industry. Hence, companies are providing Learning Management System to support training and learning to employees at various levels.

Training and Learning are the two major and crucial factors for the growth and success of all organizations irrespective of big or small industries. LMS plays a vital role in the banking sector also. There are various kinds of banking LMSs available but a company needs to select it according to the need and features. Following are the points which should keep in mind while purchasing the banking LMS:

• Avoid a regular LMS as chances are high that another corporation may use the same one. Select LMSs that suit the industry or business requirements. If possible use free trials and demo versions first.
• Avoid LMSs with unnecessary features. Identify which features are essential for the business training.
• Avoid LMSs that are not user friendly and also examine the level of customization that suits the training needs, as well as the software knowledge of the administrators.

There are various benefits of using LMSs that are as follows:-

• 24*7 Services: With an internet connection in computer or laptop one can learn anything and anytime. It does not matter where they are, from any part of the world one can login and join the virtual class.
• Easy to Access and Customize: To fulfill the needs of a particular institute it can be easily accessible and customizable.
• Cost saving: LMS is a cost cutting tool as it saves a lot of cost of booking a location to conduct training, hire staff for registration and stationery cost for sending hard copy invitations.
• Easy to Manage: Higher management can keep the record of the course and training of the employees. They can also track their progress and results.
• Simple Online Registration: A user can go online, download the registration form, fill it up and submit it.

Nowadays, the popularity of LMSs is increasing day by day because of its various features. It has become an important tool for all sizes of organizations who want to train and enhance the knowledge of their employees. So, one should keep many things in mind while selecting LMS.