The market for corporate training, which Allied Market Research estimates is worth over $400 billion, has grown substantially in recent years as companies realize the cost savings in upskilling their workers. One PwC report found that teaching employees additional skills can save a company between 43% and 66% of layoff costs alone, depending on the salary.
But it remains challenging for organizations of a certain size to quickly build and analyze the impact of learning programs. In a 2019 survey, Harvard Business Review found that 75% of managers were dissatisfied with their employer’s learning and development (L&D) function and only 12% of employees applied new skills learned in L&D programs to do their jobs.
Searching for an answer, a trio of Cambridge scientists — Chibeza Agley, Sarra Achouri and Juergen Fink — co-founded Obrizum, a company that applies “adaptive learning” techniques to upskill and reskill staff. Leveraging an AI engine, the co-founders claim that Obrizum can tailor corporate learning experiences to indiv …
