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When companies start to evaluate new technologies to implement, depending on the complexity, many will ask the question, “Should we build or buy the technology we need to succeed?” During the proof-of-concept phase, it might make sense to build technology to save money. But, as a business grows and scales, homegrown technologies can quickly become unmanageable and expensive to maintain.
This is definitely the case with learning technology. Whether your organization has homegrown solutions in place first or not, investing in online learning technology can reduce overall learning costs and increase return on investment (ROI). Other benefits of investing in online or Software-as-a-Service (SaaS) learning technology include long-term cost savings, lower risk, increased out-of-the-box functionality and faster time to market.
The Thought Industries Learning Business Platform™ supports multilingual localization, content distribution to dedicated groups of learners, and provides instructional design services. To learn more about how you can leverage the Learning Business Platform to increase ROI and reduce learning expenses, request a demo today.