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Udemy Debuts New Generative AI Leadership Program Developed in Collaboration with AWS

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Udemy, in collaboration with AWS, announced a new generative AI upskilling program called 'Unlocking GenAI Opportunities with AWS,' designed to equip leaders with GenAI tools and strategies. The six-week cohort program, offered through the Udemy Business Leadership Academy, aims to foster innovation, enhance productivity, and drive revenue growth. Key features include practical exercises using Amazon Bedrock, innovation tournaments, and change management strategies. The program addresses the need for tech-savvy leadership, responsible innovation, and inspirational change management to navigate the digital transformation effectively.

Positive
  • Udemy collaborates with AWS to launch a new generative AI program.
  • The program focuses on practical exercises in prompt engineering and capability exploration.
  • The initiative aims to foster innovation, enhance productivity, and drive revenue growth.
  • Participants will have access to Amazon Bedrock for hands-on learning.
  • The program addresses critical areas like becoming GenAI savvy, championing innovation, and inspiring change.
  • Designed to equip leaders across industries with GenAI tools and change management strategies.
  • Blended learning approach combining self-paced modules and social learning.
Negative
  • 45% of employees doubt senior management's readiness to seize GenAI opportunities.
  • Organizations failing to harness GenAI risk reduced profitability, talent attrition, and slower product development.
  • Potential for increased disruption in the supply chain for companies not leveraging GenAI.

Insights

Udemy's launch of the new Generative AI Leadership Program, in collaboration with AWS, is not just a milestone for the company, but it also aligns with the significant trends in the education technology market. This initiative is set to address a critical skills gap identified by industry leaders, where 71% of executives have already earmarked GenAI as a top investment area for 2024. The program’s focus on equipping leaders with the necessary tools and strategies to harness GenAI can potentially place Udemy as a frontrunner in corporate training and leadership development.

By leveraging AWS’s technological prowess, Udemy can offer a robust and scalable solution through Amazon Bedrock, ensuring security, privacy and responsible AI. This partnership signifies a substantial step towards creating a global AI-ready workforce. The added focus on practical exercises, like prompt engineering and innovation tournaments, can enhance the program's appeal and effectiveness. This integration can drive significant revenue growth for Udemy by attracting large corporations seeking to upskill their leadership teams in GenAI.

For retail investors, this initiative could represent a promising long-term growth opportunity for Udemy. The education technology market is expanding rapidly and this strategic move could enhance Udemy's market share. However, it’s important to monitor the actual uptake and feedback from participants post-launch to gauge the program's real-world impact.

The collaboration between Udemy and AWS to launch the Generative AI Leadership Program is a strategic move that aligns with the increasing demand for AI skills in the business sector. The program targets senior management, a demographic often overlooked in traditional upskilling initiatives, potentially leading to higher pricing and premium revenue streams for Udemy. This initiative can enhance Udemy’s financial performance by tapping into the high-value corporate training market.

Udemy’s partnership with AWS provides credibility and access to advanced AI technologies, positioning it well against competitors. However, it’s important to consider the financial implications of the collaboration. AWS's involvement could mean shared revenue or increased costs, impacting Udemy’s bottom line. The program’s success will depend on the participation rate and the tangible outcomes for companies that invest in it. If successful, it can lead to repeat business and long-term contracts with large enterprises.

For retail investors, this announcement indicates a potentially positive outlook. The ability to adapt and offer innovative solutions in a rapidly evolving tech landscape is important for long-term growth. Investors should keep an eye on Udemy's upcoming earnings reports to see how this initiative translates into financial performance.

Udemy’s new Generative AI Leadership Program, developed with AWS, offers a robust framework for organizations to capitalize on cutting-edge AI technologies. The use of Amazon Bedrock is particularly notable. This fully managed service provides high-performing foundation models, ensuring that participants engage with some of the most advanced AI tools available. This hands-on approach, including practical exercises in prompt engineering and innovation tournaments, can significantly boost participants' capabilities to innovate within their organizations.

The emphasis on responsible AI usage and security is also important as these are significant concerns in the AI landscape. Ensuring that leaders are not only proficient in GenAI tools but also understand the ethical and secure implementation of these technologies can position their companies as industry leaders in responsible AI usage. The program’s blended learning approach, combining self-paced modules and social learning, ensures accessibility and engagement, which are key factors in successful upskilling.

Retail investors should appreciate the strategic value of this program. The collaboration with AWS not only provides technical depth but also enhances Udemy's brand prestige in the AI domain. Keeping track of any updates or expansions to this program could provide insights into how Udemy is leveraging AI to maintain a competitive edge.

Udemy Business Leadership Academy and AWS collaborate to empower leaders with generative AI skills to innovate, inspire, and drive business agility

SAN FRANCISCO--(BUSINESS WIRE)-- Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today announced the launch of a new generative artificial intelligence (AI) upskilling program developed in collaboration with Amazon Web Services (AWS). Offered through Udemy Business Leadership Academy (UBLA), Unlocking GenAI Opportunities with AWS is a six-week cohort learning program designed to equip leaders across all industries with the generative AI (GenAI) tools and change management strategies they need to successfully develop talent and drive the digital transformation within their organization.

"GenAI is revolutionizing industries and transforming the business landscape at an unprecedented pace,” said Greg Brown, President and CEO at Udemy. “The UBLA cohort program, developed in collaboration with AWS, will equip leadership teams with the skills they need to navigate this transformation successfully while fostering innovation, enhancing productivity, and driving revenue growth. We are thrilled to be working in collaboration with AWS to support organizations around the world, helping to drive strategic outcomes and inspire their teams to achieve new heights."

As GenAI continues to accelerate the pace of change across industries and organizations, 71% of executives have identified the technology as a top area of investment in 2024. However, a recent Udemy report revealed that while most employees (88%) agree that effective leadership will be critical to the success of their GenAI initiatives, nearly half (45%) doubt the readiness of senior management to seize the opportunities and mitigate the risks brought on by GenAI.

In the long term, organizations that fail to harness the power of GenAI face several risks, including reduced profitability, talent attrition, slower product development, loss of market share, and increased disruption in the supply chain. To successfully navigate these issues, leaders must acquire the necessary technical skills and be able to effectively communicate and spearhead this change in a manner that inspires and engages employees.

“Generative AI is the most transformative technology we’re likely to see in our lifetimes. Leaders who build their knowledge, skills, and a mindset of resilience and adaptability, will position themselves—and their organizations—to harness its immense potential,” said Maureen Lonergan, Vice President of Training and Certification at AWS. “We’re excited to work with Udemy to realize a shared vision of building a global, AI-ready workforce. Unlocking GenAI Opportunities with AWS is an ideal starting point for leaders everywhere to build their generative AI strategy and set their organization on a path of accelerated innovation.”

How leaders can accelerate growth with this new GenAI program

To help overcome these challenges, this new program––Unlocking GenAI Opportunities with AWS––will help empower leaders with the knowledge, skills, and tools they need to harness the full potential of GenAI to achieve critical business objectives and boost employee engagement.

The program is designed to address three critical learning objectives:

  • Becoming GenAI savvy. Organizations need tech-savvy leaders proficient in GenAI tools. This program provides access to PartyRock, powered by Amazon Bedrock, where participants engage in practical exercises in prompt engineering and capability exploration to help them learn how to reimagine businesses, boost productivity, redefine customer experiences, and create new business models. Amazon Bedrock is a fully managed service that offers a choice of high-performing foundation models (FMs) from leading AI companies via a single API, along with a broad set of capabilities organizations need to build generative AI applications with security, privacy, and responsible AI.
  • Championing innovation. Leaders also need to create a clear set of operating principles, including responsible use guidelines, to help innovation flourish within their organization. During this program, leaders will be provided with hands-on learning experiences to help them safely nurture innovation, including an “innovation tournament” to practice converting ideas into action plans.
  • Inspiring change. Fostering a company culture that is open to change––especially those brought on by GenAI––requires inspirational leadership and skilled change management professionals to have a lasting impact. Throughout this program, leaders will have the opportunity to develop clear and compelling messaging around their vision for GenAI, generating sustainable excitement amongst their workforce about the path ahead and their individual roles in this transformation.

Additionally, to help develop leadership teams at scale, this program uses blended learning, combining self-paced learning modules and social learning, including purpose-built groups, micro-learning courses, and guidance from certified expert moderators. Participants in the cohort learning program will also have the opportunity to present and prioritize ideas, address AI misconceptions, design strategies, and inspire their teams with a forward-looking vision.

To learn about how your organization and its leaders can maximize GenAI capabilities, visit: https://business.udemy.com/cohort-collection/genai-opportunities-aws.

About Udemy

Udemy (Nasdaq: UDMY) transforms lives through learning by providing flexible and effective skills development and validation. Through the Udemy Intelligent Skills Platform and its community of instructors, millions of learners gain expertise in a wide range of technical and professional skills – from generative AI to leadership. The Udemy marketplace provides learners with thousands of up-to-date courses in dozens of languages, offering a variety of solutions to achieve their goals. Udemy Business empowers enterprises to offer on-demand learning for all employees, immersive learning for tech teams, and cohort learning for leaders. Udemy Business customers include Fender, Glassdoor, On24, The World Bank, and Volkswagen. Udemy is headquartered in San Francisco with hubs in Denver, USA; Ankara and Istanbul, Türkiye; Dublin, Ireland; Melbourne, Australia; and Gurugram, India.

Media Contacts:

Ellen D. Kiehl

Director, Corporate Communications

press@udemy.com

Kortney Easterly

PR Lead, AWS Training and Certification

kortneye@amazon.com

Investor Contact:

Dennis Walsh

Vice President, Investor Relations

dennis.walsh@udemy.com

Source: Udemy

FAQ

What is 'Unlocking GenAI Opportunities with AWS'?

'Unlocking GenAI Opportunities with AWS' is a six-week cohort learning program developed by Udemy in collaboration with AWS to equip leaders with generative AI tools and strategies.

What are the main objectives of the new Udemy GenAI program?

The main objectives are to make leaders GenAI savvy, champion innovation, and inspire change within their organizations.

What practical tools does the new Udemy AI program offer?

Participants will engage in practical exercises using Amazon Bedrock, focusing on prompt engineering and capability exploration.

How long is the Udemy GenAI program?

The program is a six-week cohort learning initiative.

What risks do organizations face if they don't harness GenAI according to Udemy?

Organizations may face reduced profitability, talent attrition, slower product development, loss of market share, and increased supply chain disruption.

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