31 Jan · 5 min read
Have come across this term before? Or did the title catch your attention and now you’re curious about it?
With the advancement of technology, we are witnessing a rise in simulation-based training. As the term suggests, simulation training is the creation of a real-life environment to mirror real-life situations and provide an immersive experience for employers in the world of learning. One of the reports by Allied Market Research claims that the virtual training and simulation market size is estimated to reach $601.85 billion by 2027 with a CAGR rate of 17% from 2020 to 2027. The fascinating numbers point out the fact that simulation training is undoubtedly becoming the front-runner when it comes to providing training to employees.
Simulated training is a cost-effective method to assess and transfer key skills to the learners in the most optimal way. Following this approach has become a game changer for businesses across various industries to analyze how well their employees respond to simulated real-life experiences.
No company wants to spend too much money on training their employees. They always want to ensure complete learning and development within a limited budget. In such cases, simulation training acts as the key. It is one of the most cost-effective ways to reduce the cost and time associated with employee training. Such training is safe and easy to set up with the help of a simulator, which is quite expensive and difficult to implement in real life.
Simulation-based training reduces the risk to equipment and property, which is otherwise too risky to be recreated safely in real life. It also provides employees with a safe environment while offering them numerous opportunities. One mistake can cost a lot to a business, but the best part of simulation training is that it reduces the volume of errors, thus saving the total cost associated with those errors.
Boosts Employee Confidence
With only theoretical learning, employees find it difficult to develop a new skill set and polish the existing ones. Training your employees with simulation-based learning provides them with the freedom to hone their skills and enhances their ability to solve complex problems. Thus, practical implementation and regular practice can boost the confidence of employees.
With simulation-based learning, employees receive prompt feedback in no time. With the creation of a real-life environment, it becomes easy for employees to refine their skills and make improvements wherever required.
Not only that but there are numerous other advantages to using simulators that will become apparent in the coming years.
There are multiple industries that benefit from the use of simulation-based training. Let us check out some of them:
Various industries, such as aviation and automobiles, use simulation-based learning as an extensive technique to save lives and train employees. Companies such as Walmart, KFC, UPS, etc. are some of the well-known organizations that have adopted simulation-based training as part of their employee curriculum.
Here are some of the technologies used in simulation training:
With everything discussed above, one thing must be clear to you: simulation-based learning is taking up the world of professional learning and education. Businesses can adopt effective learning techniques based on their industry and level of interest. If you are looking forward to creating gamified training to simulate real-life training, FGfactory has got you covered!
You can rely on us for your next set of adventures when it comes to the gaming and entertainment industries. Our team at FGfactory is committed to giving you the best help, from the first meeting to the successful release of the final product. This gives gamers an experience that is more interactive and immersive than ever before.