Zoomi in the News
For media inquiries, contact Zoomi President and General Manager William McColgan at email@example.com.
Zoomi Announces Release of No-Touch Individualization Feature
March 31, 2017 – PR NewsWire
Zoomi Adds Key Executive to Lead Expansion in Product Research and Development
March 7, 2017 – NewsWire
Zoomi to Co-Host Data Science Innovation in eLearning Meetup
March 2, 2017 – NewsWire
Zoomi Technologists Explain the Power of Networks in New Book
January 3, 2017 – NewsWire
Zoomi Expands Tech Development to Ireland
November 3, 2016 – NewsWire
Zoomi Partners with the Workshop School for Year-Long Research Project Focused on Assessing Student Performance
September 23, 2016 – NewsWire
Zoomi Announces New Release of The Zoomi Player
July 25, 2016 – PR NewsWire
VelocityChess Selects Zoomi to Revolutionize Online Gaming Education
April 27, 2016 | PR NewsWire
Forbes – February 6, 2017
When it comes to corporate learning and training the numbers are truly staggering.
• Spending on corporate training has grown to over $70 billion in the United States.
• As one of the top three non-financial motivators, 76% of employees want opportunities for career growth.
• 87% of millennials say professional development or career growth opportunities are very important.
• 68% of workers say training and development is the most important workplace policy.
• 40% of employees who receive poor job training leave their positions within the first year.
• Companies that use e-learning technology achieve an 18% boost in employee engagement.
One company that surely looks at the above stat via the “a great number are not reaping the benefits” angle is Zoomi, a learning analytics company that uses proprietary Artificial Intelligence to analyze each learner’s behavior, cognition, engagement and performance to predict learning and future performance, optimize learning content and to create a deep personalized individual and social learning experience.
I recently had the chance to chat with Jim Walker of Zoomi. Holding a Doctorate in Workplace Learning from Wharton I wanted to get his take on why artificial intelligence is key for learning, why eLearning provides more benefits than traditional training and other topics.
TrainingIndustry.com – September 14, 2016
The adage “time is money” is no secret to the United States’ $60 billion corporate learning industry. It’s also known that historically, many training programs have been viewed as “one-size-fits-all,” with facilitators simply going through the motions of the mandatory training process. A recent Forbes article reported that only 10 percent of corporate training initiatives are effective.
One area of training that is incredibly important from a legal perspective – and to your company’s bottom line – is compliance training. Depending on your industry, this area may be highly regulated. You may face rules on the type of content provided in compliance training and how many employees are required to participate in and pass the training. That’s a tough goal to achieve, especially when the training content can be uninspiring and disengaging. How can you make compliance training more engaging, and ultimately more successful, despite legal regulations? Consider implementing technology.
Tech Target – August 2, 2016
When HR professionals take online courses at Progressive Business Publications, a machine learning algorithm determines if they are struggling or succeeding.
Progressive Business Publications uses Zoomi online learning software from Zoomi Inc. to offer certificate courses to HR and other professionals. The Zoomi technology analyzes student learning patterns to predict how they are performing in an online course. Using more than 100 algorithms, the online learning software recognizes learner preferences and dynamically adapts content to meet their needs.
“This is where the opportunity with Zoomi lies,” said Sal De Spirito, chief marketing officer at Progressive Business Publications. “It is hugely exciting for us and a competitive advantage to have the ability to use their algorithms and tools and to make changes in a course when a learner is taking it.” Previously, the company could not determine if a student was having difficulties until the distance learning course was over.
TrainingIndustry.com – July 20, 2016
Let’s face it; the world is a completely different place now than it was 10 years ago. People have become more reliant on technology and, businesses are able to glean actionable insights from data collected, no matter the industry. For example, with predictive analytics, you can unlock vast marketing insights, anticipating a customer’s next purchase based on machine learning and targeting advertisements to encourage them to make the purchase. In this ever-changing business environment, corporations can’t keep up with their competition without embracing these types of technologies to improve their models.
With so many new-to-market technologies bringing businesses impressive customer and employee data, why are so many corporations still using static training techniques of the past? Most businesses don’t place a huge emphasis on employee training – that’s a fact. It’s time for that to change, especially as one in three employees say that uninspiring training content is a barrier to their learning and can influence them to leave their company for new opportunities. What’s more, sticking with antiquated training methods is costly. One study even found that ineffective training techniques could cost a company up to $13.5 million a year per 1,000 employees.
InformationWeek – June 28, 2016
Marketing and retail have been two of the most publicized use cases for prescriptive analytics, a type of predictive analytics software which recommends one or more courses of action and shows the likely outcome of each decision.
While prescriptive analytics isn’t as mature or widely adopted as descriptive analytics or predictive analytics, Gartner estimates the prescriptive analytics software market will reach $1.1 billion by 2019. Beyond marketing and retail, such tools are starting to be applied in cybersecurity, fraud prevention, supply chain optimization, and resource optimization, among other areas of business.
“Prescriptive analytics can take processes that were once expensive, arduous, and difficult, and complete them in a cost-effective and effortless manner,” said Doron Cohen, CEO of Powerlinx, a business-to-business matchmaking service, and chairman of Dun & Bradstreet Israel. “The ROI derived from having more time, energy, and money can then be used to identify new opportunities as a business.”
Technical.ly Philly – June 22, 2016
The round follows two other investments received by the company over the past 18 months. In February 2015, Jim Walker’s company announced a $4.4 million funding round, which was extended last August with another $1.5 million.
According to William McColgan, Zoomi’s head of operations, the recent round is going towards beefing up the company’s staff and platform capabilities.
CLO Magazine – May 12, 2016
Operating in what is rated as the third-most competitive economy in the world, it’s no surprise that U.S. businesses focus heavily on measurement and return on investment in most aspects of their business. One significant line item that has enjoyed sanctuary is learning and development.
Now that it ranks as the third most important business priority around the world, those in charge of what is a $60 billion annual spend across U.S. businesses are feeling pressure to prove its value. According to the ROI Institute, 96 percent of CEOs want to see business impact from corporate learning, yet only 8 percent currently do.
Despite this, the debate continues on whether corporate learning program success should actually be measured. Yet, to compete in today’s economy, businesses absolutely need measurement tools to accurately assess the effectiveness of these programs.
So, how do businesses create training platforms that go beyond employee satisfaction surveys; that can be measured and adjusted in real-time; and have a direct impact on ROI and business outcomes? The answer is learning analytics.
That Videogame Blog – June 1, 2016
Leading online chess server VelocityChess has partnered up with online training software company Zoomi to provide their players with intuitive, dynamic technology designed to further their understanding of chess strategy.
Previously, Zoomi’s training technology had been primarily used in a corporate setting; however their implementation on the VelocityChess site sees their debut into the gaming world. Algorithms detect the learner’s level of progress, and from there Zoomi’s technology is able to predictively analyse a user’s knowledge level in order to teach in a more sophisticated manner. Zoomi describes what they do as “online training beyond static graphs and video,” a modern learning experience that engages members and provides a learning path that is personalized to their skill level.”
Training Magazine – May/June Issue
Illuminate, a developer of clinical sales training programs for the life science industry, introduced PI Explorer, a new technology-based learning solution designed with NXLevel Solutions. PI Explorer’s instructional features highlight and explain key concepts from a product’s prescribing information (PI), provide clinical context, and link to promotional messages. Gaming activities include flashcards, Move the Clinician, and Prove It!
Online training platform Mindflash launched its learning management system (LMS) on the Salesforce AppExchange, empowering businesses to train customers, partners, and employees via its cloud-based training platform. Mindflash for Salesforce allows companies to track and manage training initiatives in Salesforce, as well as more directly measure the impact of training by tying it to business results, such as revenue and churn.
Zoomi introduced its first e-learning platform, which combines predictive analytics, machine learning, adaptive learning, and social network optimization. Natively mobile on IOS and Android, Zoomi is also available as a responsive Web app.
TrainingIndustry.com – May 31, 2016
How do companies know if their training program has fallen into a static, routine rhythm? In most cases, unless a company is properly evaluating and tracking the training, it already has. As an industry that’s ranked the third most important business priority in the world, why wouldn’t more emphasis be placed on evolving and improving training programs to increase employee productivity, success and perhaps most importantly, retention?
It’s recently been reported that employees who feel their company has poor training opportunities are more than three times as likely to want to leave their job than those whose organizations have excellent training programs. Despite this very clear mandate, most companies still undervalue training and hold fast to the “it’s the way we’ve always done it” mentality. They check the learning and development box and continue on the same path, which often includes employee self-assessments to determine pre-requisite knowledge and the skills they need to develop. While an employee may have a general sense of their strengths and weaknesses, this is not an effective way to measure an employee’s skills.
Philadelphia Business Journal – March 15, 2016
Zoomi, a Malvern-based corporate training startup founded in 2012, will triple its work force by the end of the year, CEO Jim Walker told the Philadelphia Business Journal.
Walker’s company already employs 20, and he’s looking to add at least 40 new employees to build out Zoomi’s research and development department.
Zoomi is backed by nearly $6 million of venture capital. Walker, who sold his life sciences consulting company Octagon to industry giant Accenture in 2012, has been playing the entrepreneurial game for a while in the Greater Philadelphia region, and knows his share of power investors. Octagon raised more than $17 million, and returned lead investor Edison Ventures six times over.
Main Line Today – February 29, 2016
James Walker | Chairman and CEO, Zoomi, Inc. | Malvern
Three people and $5,000 was all James Walker needed to start his first company. Octagon Research Solutions provided clinical and regulatory information-management solutions and software for the pharmaceutical industry. And three years was all he needed to grow Octagon into a multinational corporation employing 450 people.
Walker sold to Accenture in September 2012 for an undisclosed amount. Three years later, he founded Zoomi. “We wrap a data-capture and algorithm layer around e-learning,” says Walker. “That allows us to predict your performance, individualize content in real time, and optimize social learning. It’s about measuring learning in the workplace and linking that to business outcomes.”
Zoomi has an impressive executive roster that includes two Princeton University electrical engineers. One of them was the recipient of the National Science Foundation’s 2013 Alan T. Waterman Award, the highest honor given to young scientists in the United States. Walker himself won the Ernst & Young Entrepreneur of the Year award, the Stevie Award for Most Innovative Company of the Year at the American Business Awards, and the Greater Philadelphia Alliance for Capital and Technologies’ Enterprise Award for Technology CEO of the Year.
Zoomi now has 25 employees. It’s enough, Walker says, to do great things that will change how businesses handle e-learning.
Technical.ly Philly – February 13, 2015
Jim Walker was 29 when he moved back in with his parents.
It was 1999 and he had just started his first company, a pharmaceutical software firm called Octagon Research Solutions. Walker, a former pharma consultant with multiple graduate degrees, moved in to his parents house in Bethlehem, Pa., so he could put all his money into the business.
It paid off. Thirteen years and $17.3 million in venture capital later, Walker sold Octagon to Accenture for an undisclosed amount in 2012, reportedly garnering a 6x return for investor Edison Ventures. The company employed 450, most of which worked at the company’s Wayne headquarters, at the time of sale.