A staple across multiple industries, corporate learning management systems (LMSs) have proven to be a driver of business success by streamlining new hire onboarding, job-specific skills development, compliance training and other learning activities.

But the learning platform market is rapidly changing, and there is a new kid on the block: the learning experience platform (LXP). The term (originally used by Josh Bersin) describes a “Netflix-style” learning environment, with a strong focus on personalization and ease of use.

The Benefits of LXPs

Also called a successor to the traditional LMS, the modern LXP puts learners front and center, redefining engagement and improving learning experiences. But, what exactly sets the LXP apart? Here are a few of its key benefits:

Learning in the Flow of Work

In LinkedIn Learning’s “2018 Workplace Learning Report,” talent development professionals cited enabling learners to make time for learning as their No. 1 challenge. LXPs can help by encouraging employees to learn while they work. Context-based microlearning content, real-time guidance and performance support empower employees to apply what they learn to solve job-related problems as soon as they arise.

Multiple Content Sources

While traditional LMSs rely on administrator-curated internal content for courses, the LXP enriches the learning experience by enabling users to consume information from external sources and third-party platforms like massive open online courses (MOOCs). LXPs also support user-generated content, promoting peer learning and enhancing engagement.

AI-driven Personalization

Much like how Netflix knows what you want to watch next, an artificial intelligence (AI)-powered LXP enables on-point content discovery and delivers hyper-targeted recommendations, creating personalized experiences and customized learning paths. By taking into account an employee’s job, skill set, learning goals and preferences, and other factors, intelligent machine learning algorithms can align the available learning resources with a user’s unique needs.

What Does It Mean for Your Business?

Learning experience platforms are reshaping the eLearning industry and redefining workplace learning by making it centered on the learners and tied closely to their work. But do you need to put your LMS in the basement and rush to purchase a shiny new solution instead? If you are planning to invest in a learning solution for your business, what it should be?

The LMS is not dead. Companies large and small use them for recruiting and onboarding, talent management, skills development, compliance training, performance reporting, and more. So, if you are torn between the options, don’t be. The good news is that you don’t have to choose — you can have the best of both worlds.

If You Have a Corporate LMS …

Excellent! You already have first-hand experience with centralized learning management solutions and realize all the benefits they offer. Since LMSs are not going away anytime soon, there is no need to drop what’s working and jump on the LXP bandwagon for its own sake.

However, any system can be improved, and your LMS might be able to learn a thing or two from its younger sibling. Consider enhancing your system with smart personalization functionalities to bring learner engagement to the next level. Integrate social learning, and embrace user-generated content as a source of authentic and relevant information. Revamp your system’s look to streamline access and simplify navigation for a truly learner-centric experience.

If You Are Planning to Invest in a New eLearning Solution …

There’s no shortage of eLearning solutions out there — LMSs, LXPs, continuous education platforms … you name it. To find the right one, map out your corporate learning strategy based on your business goals, and then match the offerings against it.

If you want to retain full control over your solution while enjoying superior customization, consider building a bespoke corporate learning system tailored exactly to your company’s needs. With this approach, you can combine the best of both formal and informal learning to create a powerful knowledge delivery infrastructure.

Start with a backbone module for comprehensive administration, tracking and reporting on corporate training programs. Leverage AI to create personalized learning paths by building a skills map for each employee and then assigning the relevant content at the right moment of time. Use natural language processing (NLP) to tag educational content and improve its discoverability. The bottom line is that with the right technical expertise, you can build an innovative LMS that delivers impactful learner-centered experiences and supports your workforce.

The online learning landscape keeps changing, with new types of solutions emerging on a regular basis, and the LXP is the newest addition to the family. With all their advantages, learning experience platforms will not replace learning management systems but, rather, will complement them in creating intelligent corporate learning environments.