The next big name in training services – Virtual Reality – is expected to generate $260 million in 2018 and grow to a shocking $6.3 billion in 2022. Many training organizations are starting to notice the benefits in utilizing Virtual Reality Systems for their services, triggering this astronomical growth.
The first industries to adopt virtual technology for their training needs are those with high-risk working environments: construction, energy or industry and manufacturing. According to industry analyst Khin Sandi, “VR training prevents risks associated with training hazards such as safety of trainees in the dangerous work place or accidental damage of equipment.” They also found that 80% of companies that use VR training methods find that they save up to 80% of their time.
Virtual Reality Systems are changing the world of professional training. Not only are attendees able to save time and money with reduced travel but they are also given immersive training environments that can simulate dangerous situations, allowing them to learn and grow without the risks. (Source: Markets Insider)
What does this mean for professional development?
Virtual Reality Systems are still in the developing stages and are expected to expand into every segment of the training industry. Success in the industrial sectors is just the first step. Applications are predicted to spread into sales and marketing, tourism, retail, and more. Walmart is taking the first step with its plan to implement this new technology by the end of 2017. In the upcoming years, professionals will see a rise in training opportunities through virtual reality.
Tech Apprenticeships on the Rise
The shortage of qualified digital professionals is leading information technology companies to adopt apprenticeship programs and train their own talent. Microsoft, Amazon and IBM all have apprenticeship programs that pay their workers while they undergo training for positions that require unique IT skills. According to Joanna Daly, vice president for talent at IBM, the company now has hundreds of jobs available in the U.S. for professionals that are still developing in their IT careers and is planning on filling these positions by using their apprenticeship program.
With a half-million open technology jobs and only 50,000 computer science graduates each year, the shortage in qualified professionals for computer and information technology occupations is expected to grow. In addition to these tech giants, individual companies and states are also initiating apprenticeship programs to address the lack of workers trained for needed positions. States like Washington and Minnesota have put money into promoting IT apprenticeships. In addition, a legislation that increases access to apprenticeship programs which train veterans was signed on Tuesday by President Donald Trump. (Source: U.S. News)
What does this mean for professional development?
Since the technology sector has no intention of slowing down, it is becoming increasing important for individuals to keep up with IT training through courses or apprenticeships. The rise in apprenticeships is making it easier for professionals to start in entry level jobs or make career changes later in their lives.