We are happy to share some insights about Degreed drawn from our latest Value Index research, Ventana Research Value Index: Learning Management which assesses how well vendors’ offerings meet buyers’ requirements.
In all of our Value Indexes we utilize a structured research methodology that includes evaluation categories designed to reflect real-world criteria incorporated in a request for proposal (RFP) and vendor selection process for analytics and business intelligence. We evaluated Degreed and 13 other vendors in seven categories, five relevant to the product (Adaptability, Capability, Manageability, Reliability and Usability) and two related to the vendor (TCO/ROI and vendor Validation). To arrive at the Value Index rating for a given vendor, we weighted each category to reflect its relative importance in an RFP process, with the weightings based on our experience and on data derived from our Learning Management Benchmark Research.
Degreed provides a learning management system that helps organizations upskill and reskill their workforce. Degreed was categorized as an Innovative Vendor, ranking ninth overall in this Value Index evaluation. It ranked seventh in Product Experience, where it was designated a Value Index Leader in Capability. It ranked 14th in Customer Experience. Its overall performance was impacted by its lower rankings in TCO/ROI and Reliability, which represent 25% of the weighting in the overall Value Index.
Our assessment finds that Degreed could perform better by examining Validation and TCO/ROI, specifically in the areas of investment in Validation and where it provides customers help establish a business case for its product.
This assessment was based on Degreed’s Learning Experience Platform products available in September of 2022.
Degreed, like all vendors in this market, should ensure they meet the evolving needs and expectations of its buyers and customers for enterprise-wide learning and provide it where and when workers need it as part of their work.
This research-based index is the most comprehensive assessment of the value of learning management software in the industry. Technology buyers can learn more about how to use our Value Index by clicking here and included vendors that wish to learn more can click here. Read the report here.