Udemy for Business Accelerates Growth as Organizations Rely On Personalized Online Learning to Navigate Digital Transformation
Wednesday, October 23, 2018 – SAN FRANCISCO – Udemy, the global marketplace for learning and teaching online, today announced significant momentum with over 200 percent year-over-year growth of its corporate learning solution, Udemy for Business. With office locations across five cities globally, the company has tripled its customer base and doubled the number of learners served in the past year. Udemy for Business is a curated learning platform that helps companies stay competitive in today’s changing workplace with on-demand content on a variety of key business and technical topics.
Organizations are increasingly recognizing the positive impact personalized professional development has on closing the skills gap and effectively retaining top talent. As a result, Udemy for Business has increased its growth in the past year, delivered continuous product innovation, and prioritized content quality to meet the evolving needs of its customers.
“Technology has transformed many of the things we do at work, but learning and development has mostly followed the status quo,” said Yael Altschuler Malek, Global Director of Learning & Development at Gainsight, an industry-leading customer success platform. “We believe we have to invest in our workforce and build continuous learning into our culture to keep up with rapidly changing skills. Gainsight views learning on Udemy for Business as a strategic asset that drives our business performance and gives us a competitive edge.”
As organizations navigate digital transformation, a tight labor market has made employee engagement more crucial than ever to attract and retain talent. Recent Udemy research has found that 80 percent of workers say learning new skills would make them more engaged, and 51 percent would leave a job without sufficient development opportunities.
“As Vendini continues to grow, we are dedicated to providing a rich learning environment for employee development to ensure we maintain our thriving culture,” said Susan Hollingshead, Chief People Officer at Vendini, a company that provides industry-leading solutions and services crucial to running the business of live events. “Udemy for Business is a great complement to the programs we already have in place to cultivate our skilled and dedicated workforce and achieve our vision of delivering dazzling experiences for our Members and Patrons.”
In addition to Vedini and Gainsight, other new Udemy for Business customers include Adidas, Audi, Canon, Cardinal Health, Geneva Business School, Hired, Pinterest, Securitas Direct, TechMahindra, Telefonica, and more.
Udemy for Business has also prioritized product innovation and high-quality content in order to support the learning and growth needs of its customers. For example, Udemy for Business has doubled down on certification preparation courses with six times the number of hours than leading competitors, including courses on Amazon Web Services, Microsoft Azure, and CompTIA. Additionally, many other courses were added on essential soft skills topics such as leadership, change management, communication, and more. More Udemy for Business enhanced product features include:
- Smart Recommendations: By utilizing billions of learning interactions on Udemy, Smart Recommendations can identify what employees should learn next. This feature brings personalized learning to life by delivering tailored content to employees based on their learning interests, goals, and behaviors.
- Adoption Dashboards: Actionable data and insights on employee learning behaviors are delivered through intuitive and easy-to-use dashboards that empower leaders to optimize their learning and development strategies.
- Single-Sign-On Capabilities: Allows for increased enterprise accessibility and security across organizations.
- More Learning Management System (LMS) Integrations: With strategic partnerships in the L&D ecosystem, additional integrations increase the ease and usability of implementing Udemy for Business.
Learn why leading organizations choose Udemy for Business as their platform for employee learning here.
Udemy was founded in 2010 with the aim of improving lives through learning. Udemy is a global marketplace for learning and teaching online where more than 24 million students learn from an extensive library of 80,000 courses taught by expert instructors in over 50 different languages. Whether learning for professional development or personal enrichment, students can master new skills through self-paced, on-demand courses, while instructors have a way to share their knowledge with the world. For companies, Udemy for Business offers subscription access to a collection of business-relevant courses as well as a simple platform to host and distribute proprietary content in one central place. Udemy is privately owned and headquartered in San Francisco with offices in Denver, CO, Ireland, Turkey, and Brazil.