Breaking the Limits of In-House Training with Licensing Options: Revolutionising Learning Through Simulations
Corporate training is at a crossroads. Traditional in-house programmes, while effective to an extent, are often constrained by scalability, resources, and adaptability. Enter the age of simulation licensing—an approach that allows companies to bring advanced, real-world learning experiences to their workforce without the hefty overheads of custom development.
This blog explores how licensing simulations is revolutionising training, with exclusive insights, case studies, and innovations shaping the future of learning and development.
Beyond Traditional In-House Training
The Scalability Challenge
In-house training demands significant time, financial investment, and physical resources. With licensing options, organisations can implement high-impact programmes at scale. These simulations are plug-and-play, available on demand, and can be rolled out across global teams seamlessly.
Real-World Application: Global financial services giant HSBC introduced a licensed simulation for risk and compliance training across 12 countries. The result? A 25% improvement in compliance scores and a unified understanding of protocols across the organisation.
Engaging Employees in Real-World Scenarios
Unlike static workshops or theoretical content, simulations bring workplace challenges to life. Licensed simulations, pre-designed by experts, create immersive learning environments where employees can practise decision-making in a low-risk setting.
“Employees learn best when the training reflects their reality. Licensing simulations allows us to deliver just that.” – Tom Davies, L&D Lead, Barclays.
Why Licensing Simulation-Based Training is the Future
1. Scaling Without Limits
In-house training can be resource-intensive, requiring dedicated facilitators, space, and materials. Licensing simulation-based platforms enables companies to deliver consistent, high-quality training across multiple locations and departments without logistical bottlenecks.
Stat Insight: According to a 2023 study by Deloitte, 64% of organisations reported scalability as the primary driver for adopting licensed training platforms.
2. Hyper-Realistic, Experiential Learning
Simulations mimic real-world scenarios, offering a safe yet challenging environment where employees can practice and refine skills. Licensed simulations allow organisations to access pre-built, tried-and-tested modules, reducing development time and cost.
Example: Banks like JP Morgan have adopted licensed risk management simulations to train analysts in navigating financial crises. These tools replicate market volatility with astonishing accuracy, allowing trainees to experiment with decision-making in a zero-risk environment.
3. Customisation at Scale
Modern simulation platforms offer deep customisation capabilities. With licensing, companies can tailor the content to reflect their unique industry requirements, branding, and even real-world challenges.
"Licensed simulation platforms provide the flexibility to adapt training programmes in real-time, ensuring relevance and impact in rapidly changing industries." — Jane Rogers, L&D Director at PwC.
Technical Innovations in Licensing Simulations
Enhanced Immersion Through VR and AR
Virtual and Augmented Reality simulations offer participants an engaging experience, transporting them into virtual factories, meeting rooms, or even crisis scenarios. Licensing these technologies eliminates the high cost of custom VR development.
Example: Rolls-Royce adopted a licensed VR-based simulation for their aerospace engineers, enabling them to practise assembling jet engines with precision. The programme reduced training time by 30% and assembly errors by 20%.
Real-Time Data Tracking
Licensed platforms include sophisticated analytics tools that track user performance and provide actionable insights. These systems help organisations measure the effectiveness of their training programmes while identifying individual skill gaps.
Customisation Without Complexity
Though pre-designed, licensed simulations can often be tailored to reflect organisational realities. From incorporating company branding to replicating industry-specific challenges, these tools ensure relevance without requiring full-scale development.
Economic Value of Licensing Simulations
Lower Investment, Greater ROI
Building bespoke training simulations is costly, often running into hundreds of thousands of pounds. Licensing provides access to premium content at a fraction of the cost, making advanced training accessible even for mid-sized businesses.
Case Study: A leading retail chain licensed customer service simulations to upskill 5,000 employees. With an annual licensing fee of £25,000, the company saw a 40% improvement in customer satisfaction scores within the first year.
Consistency Across Teams
For multinational organisations, consistency in training delivery is critical. Licensed simulations ensure that all employees—regardless of location—experience the same quality of training. This is particularly valuable in compliance-driven industries such as banking, insurance, and pharmaceuticals.
Collaborations That Drive Innovation
Co-Creation with Licensing Partners
Forward-thinking organisations are partnering with simulation providers to co-create content that meets their specific needs.
Example: Shell collaborated with a simulation provider to design a licensed safety training module tailored for offshore drilling environments. By integrating real-world scenarios, they reduced accident rates by 18% within six months.
Access to Industry Expertise
Licensed simulations are often developed by specialists with deep domain knowledge, ensuring content accuracy and relevance. This allows organisations to benefit from years of expertise without the associated R&D costs.
Shaping the Future of Corporate Training
A Move Towards Collaborative Simulations
With teams increasingly working in hybrid environments, collaborative simulations are gaining traction. These tools encourage teamwork by replicating cross-functional challenges in a virtual environment.
Micro-Licensing for Flexibility
Emerging trends suggest a rise in micro-licensing, where organisations can license specific simulation modules on a short-term basis. This allows companies to address immediate skill gaps without long-term commitments.
Breaking Barriers: Companies Leading the Way
- Lloyd’s of London: Uses a reinsurance simulation to train graduates on market dynamics, accelerating the learning curve for new hires.
- Tesla: Licensed a simulation for factory workers to practise optimising production lines, reducing downtime by 15%.
- PwC: Trains leadership candidates using a licensed simulation that mirrors real-world business challenges.
The Path Forward: How MDA Training can help?
Licensing simulations offers an unparalleled opportunity for organisations to deliver high-quality training that is scalable, immersive, and cost-effective. As industries evolve, so too must the methods we use to prepare our workforce. Licensing simulations represents a clear path forward—one that balances innovation with practical application.
If you’re ready to take your training programmes to the next level, explore how licensing options can help your organisation stay ahead in an increasingly competitive world.
Don’t let traditional training methods hold your team back. Explore licensed simulations today and unlock limitless potential.