Tag: Prasoon Nigam

Business World

Stratbeans introduces cloud-based assessment platform to ensure compliance training and evaluate employee performance in the BFSI sector

Nov 26, 2020 by Neel Achary 0 Comments #a leading AI-driven learning solutions provider, #CTO & Co-founder, #Prasoon Nigam, #Stratbeans

New Delhi: Stratbeans, a leading AI-driven learning solutions provider, has developed a cloud-based assessment platform for the banking, financial services, and Insurance Sector (BFSI). The platform helps to streamline the employees’ assessment process and introduce a more systematic approach for faster and more accurate decisions on employee training plans. The solution helps to certify the manpower in various fields to boost the organization’s overall efficiency, technology adoption, change-overs, and knowledge management. After the assessment, the platform links up two value added options for upgrading the competency of employees. First, is a coaching environment using live role play, and the second is competency augmenting recommendations, to strengthen the skill, knowledge, and behavior triad.

The BFSI sector has grown in importance by supporting all the other sectors in the current environment, making it imperative for BFSI organizations to evolve their employee training programs and practices. BFSI, comprising all Banking, Insurance, and Non-Banking Financial Institutions, represents a major chunk of the multi-billion dollar Indian economy. The banking industry, per se, holds a place of pride in contributing nearly 7.7% to the national GDP. Besides that, banks are the prime employment generators for almost 1.5 million people in the country. Since its contribution to economic growth is so high, it becomes even more important that mandatory compliance training is provided to the teams effectively.

Commenting on the same, Prasoon Nigam, CTO & Co-founder, Stratbeans, stated, “The banking sector is in midst of a technological revolution, witnessing fast-paced changes in products and services, requiring customer education and compliance with regulatory frameworks. Interestingly the pace of change is increasing in the entire BFSI domain and in order to train employees adequately, it is important to understand the evolving training needs and competency gaps. It is equally, if not more, important to give learners an advanced platform with an engaging user experience. Through our platform, we are giving an opportunity to all employees to contribute to the capability development on one hand, and on the other, we are giving organizations powerful tools to correctly evaluate employee performance and link it to desired competency level for required business outcomes.”

Undeniably, there is a digital skills gap, which is most apparent in new tech-driven roles, as BFSI companies struggle to fill the void in specialties like UX design, data analytics, AI, and cybersecurity. Stratbeans’ cloud-based assessment solution is backed by AI-based evaluation technology, allowing companies to get a clear view of their organizational skill matrix and help them in planning for the future.

Another aspect of this cloud-based assessment solution is that companies can know the specific skill levels down to an individual, and then bring in peer learning and training through collaboration. Stratbeans’ solution extends the learning platform by including engaging informative and interactive content that evokes more interest from learners and ensures higher retention of concepts. The improvements are reflected in statistical and analytical reports to enable close monitoring for determining the gaps and taking corrective actions.

Stratbeans’ assessment engine not only evaluates and improves the cognitive abilities, skills of employees but also allows the companies to coach and devise better hiring strategies to find employees with specific skill sets that match the requirements of each job role.

About Stratbeans-

Stratbeans provides technology platforms for driving customer success through digital transformation of learning, collaboration, and revenue generation. Founded by Sameer Nigam, Prasoon Nigam & Pradeip Agarwal, Stratbeans provides enterprises with a 360-degree approach involving all the business functions to enable individuals and teams to learn together to perform better for business growth and profitability.

Business World

Stratbeans Game Based learning helps organizations to enhance their employee’s skills during remote working

Oct 21, 2020 by Gouri Achary 0 Comments #Game Based learning, #Prasoon Nigam, #Stratbeans

Stratbeans, a leading AI-based digital learning solutions provider has developed a unique approach to enhance employees’ skills while working remotely. Game-based learning solution aims to motivate employees and help them enhance their skills and quality of work through its engaging approach.

With the rising need to train and prepare the remote workforce during this unprecedented time, quick learning has become even more critical. Adopting innovative and cost-effective game-based learning significantly speeds up knowledge transfer, provides an engaging learning experience that promotes social learning, keeps employees aligned, and prepares them to achieve business goals. The company has helped more than 100 corporates to upgrade their critical thinking and work profitability. Stratbeans is able to develop the complete courses or even short games that can be mixed with the current e-learning content.

Commenting on the same, Prasoon Nigam, CTO & Co-Founder, Stratbeans expressed, “There is a significant shift in the mindset of corporates where digital tools for upskilling are not just add-ons but a crucial factor defining business success in today’s day and age. Game-based learning has emerged as one of the most powerful mediums for businesses of all sizes to motivate learners and help them to achieve their job goals and hone their skills in current times. With our game-based learning solution, we aim to improve learners’ engagement and enhance learning outcomes, by streamlining the organization’s needs to support and upgrade the employee’s aptitudes during the pandemic for better business outcomes.”

Stratbeans custom solution of game-based learning creates the balance for the course subject matter along with the gameplay and also improves overall collaboration while motivating teams to be competitive and perform better. The users can retain the knowledge and apply the learned matter into the real world.