Tuesday, June 11, 2024
Talespin, a pioneer in immersive learning, joins Cornerstone OnDemand.
The workforce skills development startup Talespin, which specializes in spatial learning, was acquired by Cornerstone OnDemand, as revealed on Monday.
As per Cornerstone's press release from March 19, Talespin's extended reality learning technology simulates physical, behavioral, and emotional situations in real life and allows employees to learn while working in contextually relevant virtual worlds that include virtual, augmented, and mixed reality.
Cornerstone's content subscriptions now provide Talespin's immersive learning content, which can be incorporated into the company's learning solutions for all clients. In order to address skills gaps and workforce shortages, Cornerstone clients may now utilize the Talespin platform to build and implement custom, self-created, or out-of-the-box immersive training for use cases across a variety of sectors, including manufacturing, healthcare, finance, and retail.
According to the press announcement, this includes Talespin's generative AI immersive learning laboratory services offering and its AI-powered, no-code XR content development tool, CoPilot Designer.
The CEO of Cornerstone, Himanshu Palsule, states, "We embarked on a journey of redefining the future of work as a leader in learning and talent experience for over two decades." We've changed to provide staff growth-oriented, tailored tools that let them forge their own paths. Using spatial computing with GenAI to create genuinely immersive learning experiences is a logical progression from customized learning. Another significant step toward our goal of offering a comprehensive, integrated continuum of learning solutions with the appropriate information in the appropriate channel at the appropriate time is Talespin.
Cornerstone did not reveal the acquisition's cost in their press announcement.
Despite Talespin's smaller size, industry analyst and specialist Josh Bersin claims in a March 19 blog post that their effect on the market might now be enormous.
According to Bersin, "you can use Talespin to use GenAI to build character-based content in minutes to hours instead of days to weeks."" Generative technologies are improving with time, allowing businesses to create realistic character-based learning at scale. Furthermore, the scope goes much beyond simply having a pleasant personality and presence to engage with. With virtually infinite possibilities for character responses, you may design environments that evoke the sense of a living, breathing person with Talespin's most recent development tools. This enables Talespin to handle more complicated use cases, such as sales training, management training, negotiation, ethical dilemmas, and more, in addition to enabling businesses to create content more quickly.
This offers Cornerstone, which now operates more than 20 platforms and has grown its revenue to more than $1 billion since becoming private in 2021, a significant possibility for expansion, according to Bersin.Although virtual reality training has been available for a while, most businesses are unaware of it, according to Bersin. "This growth curve will accelerate with Cornerstone's sales power and all the new buzz about Apple and Meta's headsets." And there are countless uses for this, including safety, leadership exercises, operational training, and even first-person shooter safety. Nothing can teach you something you don't completely grasp, like a real-world situation.”
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