• Open Learning is a lifelong learning platform that enables education providers to build, deliver, market, and sell their courses online globally.
• Founded in 2012 with the mission to increase access to higher-quality education.
• Currently has 3.5 million learners, 250 education providers, and partners with top universities in Australia and Southeast Asia.

• COVID did not significantly accelerate online learning as expected due to the time and expertise needed to design effective online courses.
• Most institutions opted for a quick fix by replicating face-to-face classes on video conferencing platforms.
• However, the pandemic heightened awareness of the potential of online learning, especially for lifelong learning programs.

• Open Learning works with over 250 education providers, including universities, TAFEs, and private institutions.
• They provide an end-to-end platform that integrates course building, delivery, student management, payments, and e-commerce.
• Institutions can rapidly move their lifelong learning programs online without the need for complex systems integration.

• Consumers are increasingly interested in professional and lifelong learning through short courses and micro-credentials for upskilling and job outcomes.
• These courses are typically shorter in duration (4-12 weeks) and focused on specific skills like data analytics, AI, or digital marketing.

• Open Learning has leveraged GPT-4 to develop AI tools that assist educators in building and designing courses, reducing time and costs by 80-90%.
• The AI course builder allows educators to select learning styles, generate course structures, content, activities, and assessments, with the educator acting as an editor.
• AI enhancements are expected to drive adoption of the platform and accelerate growth.

• Open Learning acquired an education marketplace business to enhance course discovery and marketing for their partners.
• The company is focused on profitability and growing software-as-a-service revenue, with AI playing a key role in driving adoption and efficiency.
• Long-term plans include expanding into employability, connecting learners to employment opportunities, and closing the loop on the discovery-learning-employability cycle.

• CEO Adam Brimo is excited about the impact Open Learning is having on education quality and the opportunities presented by AI for enhancing the educational experience and driving growth.

ASX Code : OLL

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