Axonify Launches Impact, Reaching ‘Holy Grail’ of Corporate Learning Where Big Data Ties Training to Business ResultsPosted on: May 7, 2018
The Microlearning Platform’s New Learning Attribution Engine Will Usher in the Digital Transformation of Learning & Development
WATERLOO, ON – (May 7, 2018) – To finally help organizations understand the link between employee learning, behavior change and business results, Axonify, the most trusted corporate microlearning platform, today launched Axonify Impact™. As the first Learning Attribution Engine that is part of the Axonify Platform – Axonify Impact™ is a game-changer that will close the loop on learning measurement by using big data and machine learning to tie knowledge all the way through to business results. For the first time ever, learning and enablement professionals will be empowered to connect themselves with business stakeholders in understanding the direct impact of training programs on real business metrics, like increases in revenue or decreases in expenditures.
“Understanding precisely how employee learning contributes to the bottom line has eluded learning and business leaders, until now. With Axonify Impact, organizations can pinpoint which learning programs are generating results and by how much, in real dollars, said Carol Leaman, CEO of Axonify. “Now, learning professionals and their business stakeholders can leverage the same big data principles and machine learning intelligence used to digitally transform other business functions and entire industries, to identify learning’s direct impact on business results.”
Powered by Axonify Microlearning Data™ that is collected as employees engage and interact with the Axonify platform, Impact provides meaningful insights into which programs are generating the greatest impact, and how knowledge and participation influence business results.
Machine learning capabilities built-in to Axonify Impact work to ‘self-heal’ gaps by serving up real-time recommendations to frontline managers when a business target is at risk, while also automatically adapting learning to the employees that need it the most, in the areas that matter the most, e.g., to help employees increase sales, or decrease safety incidents.
“Our research and advisory work clearly shows that organizations need to accelerate the digital transformation of their learning function. Axonify Impact is one of the most unique and innovative catalysts for this acceleration,” said Michael Rochelle, Chief Strategy Officer and Principal HCM Analyst of Brandon Hall Group. “Again, our research and advisory works shows that measuring the impact of learning is a top priority for organizations, but they are extremely challenged to make it happen across the enterprise. Axonify Impact and the power of microlearning data enables an organization to measure the impact of learning at scale. Axonify Impact is one of the best approaches we have seen to date in assisting organizations meet this daunting challenge.
Bloomingdale’s Links Business Benefits to Employee Learning
Since using Axonify Impact, Bloomingdale’s was able to automatically tie training efforts to reducing its overall safety claims. Specifically, Bloomingdale’s was able to attribute about one third of this safety claim reduction to training efforts on the Axonify Microlearning Platform—which translated to a savings of $3 million in one year.
“At Bloomingdale’s, we’re always digging deeper into the effectiveness of our training programs and content to understand exactly how they impact business results. For most companies, making these connections is incredibly difficult and time-consuming,” said Chad McIntosh, Vice President of Asset Protection and Risk Management of Bloomingdale’s. “We can now easily identify where learning has benefitted our company, because we can tie training efforts directly back to business results. But what’s most powerful to me is that Impact shows us exactly what we need to do to drive a greater effect on our business. This just hasn’t been possible before.”
Aristocrat Ties Technician Training to Business Results
Aristocrat Leisure Limited, a leading global provider of gaming solutions, is using the Axonify Microlearning Platform for its field technicians who service casino machines. As a result, Aristocrat has increased the total number of cases closed within 1 day and decreased the number of cases closed that take longer than 4 days. With Axonify Impact, Aristocrat can now directly attribute 24% of this business result to the training provided on Axonify along with a savings of more than $47,000.
“Because a highly skilled and knowledgeable workforce is so important in staying competitive in our business, Axonify is integral in providing daily training that’s easy to use and access, anytime and anywhere,” said Max Skaare, Vice President of Technology Services, Aristocrat. “Being able to measure and tie back specific business results to training efforts, like case closed times and cost-savings, is a game changer for our organization and proves the true value of employee learning. Customers are even remarking that our employees’ skills including customer service and readiness level on new products are unmatched by our competitors.”
Axonify Impact will be immediately available to current Axonify customers. For more, visit axonify.com.
Axonify is the only microlearning platform trusted by global business leaders to drive performance. With a proven approach that’s based in brain science, and uses adaptive microlearning and gamification to make employee learning effective and engaging, our platform ingrains knowledge deep enough to change employee behavior at work. With more than 130 customers in 95 countries around the world, including Walmart, Bloomingdale’s, and John Hancock, Axonify makes learning personal to the individual, and impactful for the business. Founded in 2011, Axonify is headquartered in Waterloo, ON Canada. For more information, please visit www.axonify.com
Young & Associates