AMST - Amesite Inc. Announces 98% Learner Retention Rate Increase In Sales Activity After Launching Zero Setup Cost AI-Driven Online Education Platform | Benzinga
Learner retention is an important metric for the success of a learning program – learner retention spells more revenue and recurring revenue from satisfied users. Amesite Inc. (NASDAQ:AMST), an artificial intelligence (AI) software company that offers a cloud-based learning platform for businesses and the education market, recently reported industry-leading high retention rates after instituting a no-setup fee model in late 2023.
Amesite’s cutting-edge learning environments are designed to support a wide range of organizations, particularly colleges and universities. The company's platforms are known for their user-friendly nature and appealing user interfaces, making it simple and cost-effective for these organizations to introduce their own branded learning programs. By placing a strong emphasis on innovation, Amesite helps businesses and educational institutions stay ahead of the curve. The company offers a zero-cost setup fee for its AI-powered platform and personalized, engaging and efficient learning experiences, which has resulted in a dramatic increase in active sales prospects.
On average, the retention rate for comparable paid online courses ranges from 68-73%; however, Amesite has reported an overall retention rate of 96-98% for its platforms. This percentage is split across four major categories of coursework the company has ...