Oracle’s Learning Cloud
On March 27, 2015, Oracle (ORCL) unveiled Learning Cloud, a product for employee training, at its Human Capital Management (or HCM) World Trade Show in Washington DC. Oracle’s Learning Cloud claims to provide employees with training capabilities from “wherever they are.” The product sources content from digital sources like Google (GOOG) YouTube and Massive Open Online Courses (or MOOCs).
Oracle Learning Cloud promotes social learning and contextual functions. It aims to educate users in real time with customized recommendations based on skills and job types. Employees can use this platform to create and share content derived from Learning Cloud and at the same time provide social encouragement to fellow employees who are undergoing training.
According to TechTarget, “A massive open online course (or MOOC) is a free Web-based distance learning program that is designed for the participation of large numbers of geographically dispersed students.” MOOC, a term coined in 2008 by Dave Cormier, is usually based on a college or university course or can even be less structured.
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The above presentation shows the results of a survey by the QS Intelligence Unit where 24% of graduate recruiters were familiar with MOOCs. Recently, Yahoo (YHOO) announced that it will sponsor employees to earn verified certificates on Coursera. Coursera is a leading MOOC platform. This move by Yahoo is a clear example of the rising popularity and usefulness of MOOCs.
Oracle continues expansion of its HCM cloud with the addition of the Oracle Learning Cloud
Oracle’s Learning Cloud comes under Oracle HCM Cloud, which in turn comes under the Oracle Cloud. Oracle’s HCM software aids companies in managing employees, benefits, and recruitment.
According to Rick Sherlund, an analyst at Nomura Securities,”Interest in Oracle’s Fusion HCM (cloud product) has picked up over the last six months, with a key Oracle SI partner indicating that Oracle added approximately 580 Fusion HCM customers following the Release 8 product, with maybe one-third, or 150-200, live over the past two quarters.”
Users can access Oracle Learning Cloud from any Internet-connected device and network ranging from Wi-Fi to 3G/4G mobile devices.