Vendor Analysis
published on Sep 21, 2023
Report Overview:
This NelsonHall vendor assessment analyzes NovoEd's learning platform
Who is this Report for:
NelsonHall’s Learning Platforms profile on NovoEd is a comprehensive assessment of NovoEd’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of learning platforms and identifying vendor suitability for learning platform RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the learning platform sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of NovoEd’s offerings, capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, challenges, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base, including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization, including the location of delivery centers.
Key Findings & Highlights:
This NelsonHall vendor assessment analyzes NovoEd’s learning platform.
NovoEd was founded at Stanford’s social algorithms laboratory in 2012. The NovoEd platform was conceived to replicate the impact and engagement found in a collaborative classroom in order to scale high-impact learning experiences. Its co-founders sought to create a platform to let individuals globally work together online, exchange ideas, and receive feedback, ultimately driving engagement.
NovoEd Cohort Learning Platform is a cohort-based, social learning platform that fills a gap in enterprise tech stacks and integrates well with other systems. It has an in-platform content creation tool, the Creator Platform, so clients can self-create the content they need using templates. NovoEd aligns its strategy and roadmap to its six value drivers underpinning the technology, with several enhancements for each value being delivered in 2023.
Large MNCs or conglomerates looking for a cohort-based social learning platform, focused on strategic high-value skill development and capability building, complex workforce transformation, integrating feedback, practice, expert participation, application, and team-based learning and collaboration, should consider NovoEd.