Data breaches not only embarrass an organization and damage its customers’ confidence; they are costly as well – according to the 2016 Cost of Data Breach Study: Global Analysis published by IBM and Ponemon Institute in June, the average total cost of a data breach globally increased from $3.79 million in 2015 to $4 million in 2016.
The average total organizational cost of a data breach in the US this year is $7.01 million (2015: $6.53 million), in Germany, $5.01 million (2015: $4.89 million), and in the UK, $3.95 million (2015: $3.70 million). And those numbers don’t include the potential reputation damage an organization can suffer in the marketplace once word of the breach spreads.
LMS Security Matters
Not surprisingly, protecting important data stored on organizational IT systems is a key concern of many executives. In addressing application security management it is critical that organizations should not overlook their Learning Management Systems (LMSs).
Moody’s Analytics, a risk management solutions provider to global capital markets, and NetDimensions won the Gold award for the Best Enterprise Learning Platform Implementation category at the 2016 Learning Technologies Awards.
Moody’s Analytics implemented the NetDimensions Talent Suite in order to deliver innovative training solutions to financial sector organizations worldwide.
Norton Healthcare started as a modest, faith-based, largest integrated healthcare system in Kentucky with more than 14,000 employees at five hospitals, 13 Norton Immediate Care Centers and 90 physician practice locations. The organization has become a leading healthcare provider with some of the most advanced technologies and well-trained physicians, nurses and staff.
The Search for the Best Learning Management System
As Norton Healthcare’s training and compliance needs had long exceeded the capabilities of their existing Learning Management System (LMS), they embarked on an initiative to identify a new provider.
I attended the China Aviation Training Forum 2016 in Beijing on October 18-19. This two day forum presented some interesting insights into the challenges facing the aviation industry in China, especially in terms of the supply and demand for pilots.
Over the next two decades, fast growth in China’s domestic market will make it the largest domestic market in the world, and air traffic within Asia is set to become the largest travel market. More than 1.5 billion passengers are expected to travel by air within China in 2035, almost four times the number of passengers in 2015.
Trying to evaluate the impact that learning and development has on your people and ultimately, the business is not a new challenge. Learning should be a strategic investment that drives business performance and builds business capability. But knowing ‘how’ to achieve this measurement is not always easy.
There are different approaches to evaluation that I have explored with NetDimensions in our recent webinar and the accompanying paper. However, the time has come for us to move beyond just evaluating learning activity. At Fosway Group we often say that L&D has a habit of delivery. So to embrace impact as a central ethos, L&D needs to stop taking orders and just tracking completion rates, number of events run and happy sheets returned. Instead, we need to look at whether or not learning delivers a positive result – ideally for both the learner and the business. And if it doesn’t, we shouldn’t do it.
But 80% of the attendees at the webinar rated themselves as ‘OK’ or ‘Poor’ at measuring learning impact. And our current research into over 1000 learning professionals also shows there is considerable room for improvement with only 54% of respondents saying that their learning technology ‘always’ or ‘frequently’ delivers a positive impact for their organisation.
First things first, L&D needs to talk to the broader business audience.