To determine if you need an LRS, you have to first understand exactly what a learning record store (LRS) is.
An LRS allows you to track and store a variety of learning experiences, across any number of platforms or experiences where training occurs. These could be a combination of web-based training, instructor led training, or VR training experience. Data from all of these experiences can be stored in a common data format, xAPI statements, for data exchange and tracking of individual and enterprise activities.
What does an LRS enable?
An LRS allows you to report and view the aggregate data from all of your training programs. If your current LMS (Learning Management System) or BI software is providing a satisfactory "single-view" of all of your training programs, then you might not need an LRS. Alternatively, if you only have one or two training programs, then the cost to implement an LRS might exceed the costs of manually aggregate data and reporting.
Grasp is setup to send training data in an xAPI format to any given LRS or LMS solution.
One of the other key benefits of implementing an LRS is allowing you to be more agnostic to your LMS solution. By storing your learning data in a separate LRS, then you can more easily migrate and move between different LMS solutions and prevent "lock-in" to a single LMS solution.
What an LRS is not.
Note that an LRS does not replace any learning management system or training programs that you have in-place. It is strictly leveraged to store and visualize your xAPI training data. The cost-benefit of implementing an LRS is usually quantified by estimating lock-in costs, and data analyst time to manage and visualize the training data for your enterprise against the cost of the LRS.
Grasp is setup to send training data in an xAPI format to any given LRS or LMS solution. We also can advise and consult on your learning technology ecosystem, to make sure your enterprise is setup to successfully maximize the use of VR/AR training.