Accenture | February 21, 2022
Accenture has made a strategic investment, through Accenture Ventures, in Talespin, a spatial computing company focused on workforce talent development and skills mobility. Talespin’s platform delivers XR-based learning and training applications, mixed reality job aides to support employee job performance and a new skills-based approach to work and productivity.
The World Economic Forum projects that by 2030, over one billion workers will have needed to reskill, as the core capabilities required for work across industries change. This makes it vital that companies implement engaging training programs to equip their workforces with these new skills. Immersive learning, built on Extended Reality (XR) technologies, offers opportunities for employees to participate in “hands-on” learning, and has been shown to lead to greater learning retention. Talespin’s platform powers the creation and distribution of immersive learning experiences, and supports an ecosystem of learning content creators, leading learning platforms, XR hardware partners and enterprise customers. It uses 3D, virtual humans and environments to help people practice conversational skills and simulate jobs with real-time feedback and skills analytics.
“As the workforce evolves, so do the skills needed to excel and succeed. At the same time, device, computing and connectivity advances are enabling companies to explore new, innovative approaches to learning. We are excited to work with Accenture to further develop our immersive learning platform and accelerate its adoption on a global scale.”
Kyle Jackson, co-founder and chief executive officer, Talespin
Tom Lounibos, managing director of Accenture Ventures, said, “Over 90% of executives who responded to a recent Accenture survey believe that their existing training methods need to be more effective and efficient. Yet conventional approaches to training, such as instructor-led classes or online video series, are not always effective; in fact, research shows that learners forget 70 percent of this type of content within 24 hours and nearly 90 percent in a month. The need for engaging, immersive learning is clear, and we believe that Talespin is well-positioned to address this challenge.”
Talespin is part of Accenture Ventures’ Project Spotlight, an engagement and investment program that connects emerging technology software startups with the Global 2000 to fill strategic innovation gaps. Project Spotlight offers extensive access to Accenture’s domain expertise and its enterprise clients, helping startups harness human creativity and deliver on the promise of their technology. Talespin is also the latest addition to the investment portfolio of Accenture Ventures, which is focused on investing in companies that create or apply disruptive enterprise technologies.
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 674,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.
Talespin is building the spatial computing platform to power talent development and skills mobility for the future of work. Founded in 2015, the company leverages its proprietary platform to offer enterprise customers, partners, and individuals an end-to-end solution for creating, distributing, and measuring the impact of immersive learning content. Talespin is building a future of work where the distance between learning and execution is collapsed, enabling people to explore unique career paths that meet the needs of both businesses and individuals.
edX | October 07, 2020
At edX, we believe that education has the power to change individuals and that individuals have the power to change the world. Yet, access to high-quality education—and in some cases, access to any education at all—has been a privilege of the few. We are launching the Access for All scholarship campaign to drastically increase the number of learners edX can help gain access to life changing education, especially during a time of economic struggle and job loss caused by the COVID-19 pandemic. Requests for financial assistance on edX increased exponentially over the past year, up 240% from June 2019 to June 2020, with the biggest spike of 30,000 requests from March 16, 2020 - June 7, 2020 at the height of the COVID-19 pandemic. We are supporting these learners by creating a dedicated scholarship program to help them reach their potential. As a non-profit, we’re uniquely positioned to bring together philanthropic organizations to create a scholarship program that gives back directly to our learners. Charitable gifts have always been an essential component of our funding; $50M to date of fundraising has been raised to support our mission.
prnewswire | January 21, 2021
Labor force improvement pioneer Penn Foster today declared a critical new speculation from BayPine and Two Sigma Impact to quicken the form out of its computerized learning stage zeroed in on planning frontline laborers to flourish inside high-development, high-expertise occupations. The two speculation organizations will band together with Penn Foster to acquire new capacities information science and trend setting innovation to help the organization keep on contribution down to earth, reasonable answers for its understudies.
"Skill gaps and economic mobility are, in many ways, two sides of the same coin," said Frank Britt, Chief Executive Officer of Penn Foster. "This investment reflects our belief that the combination of advanced labor market analytics with low-cost digital training can help individuals make better-informed decisions about their educational investments. It's about enabling employers to close skill gaps by identifying and creating career paths for historically untapped talent."
A computerized learning stage that works in association with bosses, public labor force offices, and local area based associations, Penn Foster conveys expertise based preparing for in excess of 300,000 working students every year. Notwithstanding offering authorize projects and declarations in fields going from medical care to talented exchanges, Penn Foster accomplices with significant managers, including Lowe's and Walmart, to give secondary school recognition and vocation instructional classes that are regularly entrances to higher pay jobs.
"Two Sigma Impact believes that by focusing on creating a better workforce, we can create long term value and better business outcomes," said Ian Blasco, Partner at Two Sigma Impact. "We are excited to work with Penn Foster to apply advanced data science techniques to the development of dynamic, skills-based training that is tightly coupled with the demands of the labor market."
"For decades, Penn Foster has been at the forefront of delivering flexible, affordable, and job-relevant development programs that have redefined the intersection of education and work," said Anjan Mukherjee, Managing Partner at BayPine. "The implementation of digital transformation initiatives to unlock human potential is core to our thesis, and we look forward to working closely with management to develop a modern, agile platform at Penn Foster that leverages the power of data to drive better outcomes for working learners."
In "Unstuck in the Middle," a white paper delivered by Penn Foster a year ago, the organization put forth the defense that perceiving ability fulfillment along a range could open financial versatility for laborers utilized in positions that require in excess of a secondary school confirmation however not a long term degree. As per the National Skills Coalition, while center ability occupations make up the biggest segment of the US work market, only 44% of laborers are right now prepared to the center expertise level. A new report distributed by the philanthropic, Opportunity@Work, proposes that the assessed 71 million Americans who need four-year degrees, however are "Gifted Through Alternative Routes" (STARs), speak to an undiscovered pool of ability for US bosses.
"The critical need for different ways to approach training and education for workers has become more prominent in the past few years, and the pressure on our economy created by the pandemic has only emphasized that the time has come for a workforce transformation," said Ann Ruble, Operating Partner at Two Sigma Impact. "New data-driven approaches to learning will help expand access to training in high-demand fields for both workers and employers at a time when it is needed most."
This speculation speaks to the following period of Penn Foster's development following an effective organization with Bain Capital Double Impact, the effect contributing unit of Bain Capital. Terms of the exchange were not unveiled. Macquarie Capital filled in as monetary guide and William Blair and Company as co-consultant to Penn Foster. Everberg Capital additionally partook in the exchange. Jamieson gave exchange the board guidance.