CSR 2016 Activities Summary and UNGC Communication on Progress
NetDimensions kicked off its CSR efforts for 2016 with the Walk for Millions Walkathon in Hong Kong. We had over 30 participants and raised nearly US$2,600 for charities supported by The Community Chest in Hong Kong.
Learning Technologies Group (LTG) includes an impressive range of e-learning services and technologies to corporate and government clients worldwide. With the acquisition of NetDimensions, the organizations’ existing capabilities soar to the next level. NetDimensions’ robust set of learning and talent management solutions round out LTG’s existing capabilities and strengths.
NetDimensions joins LTG’s impressive portfolio of talented learning organizations, which include:
LEO – a learning technologies firm working with international organizations to help them transform their learning approach
gomo learning – a Software as a Service (SaaS) offering a flexible and cost-effective solution to create, host, update and track multi-device learning content
Preloaded – a BAFTA winning applied games studio
Eukleia – a specialist Governance, Risk and Compliance (GRC) training consultancy
Rustici – an expert in e-learning standards
NetDimensions will be working closely with the other companies in the LTG portfolio to deliver a full catalog of options for clients looking to incorporate industry leading learning technologies into their workforce development strategy.
These combined solutions will further enable NetDimensions’ ability to meet the unique requirements of businesses and learners in highly regulated industry sectors.
Given the complementary nature of LTG’s brands, this acquisition should have a very positive impact on growth. NetDimensions will have a strong foundation from which to leverage our strengths. Together, the group can achieve product innovations that will benefit our clients and valued business partners, while continuing to deliver excellent client service and value.
And now our journey begins….
As the human capital technology landscape expands and solutions become more specialized, integration has become more critical than ever. Not only do we need to think about how each of these talent-focused platforms work together, but how they work together with other systems within and outside of the organization.
According to Brandon Hall Group’s 2016 Learning Technologies survey, integration capabilities are one of the top-three most important criteria organizations have for their learning technology providers, with 46% saying it is essential and 30% saying it is critical these services are available.
In an environment where fewer than half (44%) of companies are looking to get a suite of integrated talent management modules, it is important organizations understand the ins and outs of integration.
This year is the 20th anniversary of the publication of Title 21 Code of Federal Regulations Part 11 (21 CFR Part 11 or just Part 11), the US Food and Drug Administration (FDA) regulation about control of electronic records and electronic signatures for computerised systems used by pharmaceutical and medical device companies. This is a relatively small regulation (less than 2 complete pages of the Federal Register) that has had and continues to have a big impact on regulated organisations and software suppliers.
When implementing computerised systems, the requirements of Part 11 need to be fully understood. To help this, I want to explore the following areas in this blog post:
- What is Part 11?
- Interpretation of Part 11 by the applicable predicate rule
- Understanding the technical, procedural and administrative controls of the regulation
- What is software validation?
- Why do I need to validate my LMS?
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).