Introduction
Did you know that the first official use of the term ‘Artificial Intelligence' dates back to 1955? As surprising as it may sound, the AI which we use today has undergone numerous changes and continues to evolve. Its advancement has led to its acceptance and integration in various industries and even in the academic sector.
Continue reading to learn how AI in business education has changed it and continues to have a positive impact on it. Also, explore the past, present, and future of business education, along with the MBA in AI curriculum.
Get Complete Details From Expert
MBA in AI: Meaning and Skills Developed
An MBA (Master of Business Administration) in AI refers to a postgraduate degree programme that equips you with the knowledge of business management principles combined with AI and Machine Learning concepts.
Skills Developed
The key skills developed and honed after pursuing an MBA in AI are:
AI programming skills
Data analysis
Strategic thinking
AI-driven decision-making
Ethical AI usage
AI-powered marketing
Curriculum of MBA in AI: A Quick Overview
While the exact AI MBA curriculum may differ from institution to institution, there are certain core concepts which are always present. An indicative curriculum of this programme is given below:
Introduction to deep learning and AI
Diverse AI uses in different business sectors
Deep learning
Machine learning and its branches
Functioning of neural networks
Data preprocessing
Feature engineering
Ethical Considerations in AI
Generative AI and thinking
Natural language processing
Python
Project management
Business Education: Its Past vs Present Trends
There are several differences between business education in the past and what it has evolved into today. These include:
Parameter | Past Business Education | Present Business Education |
Curriculum Focus | Focused on traditional, foundational subjects like accounting, finance, economics, marketing, etc. | Emphasises more on modern fields like FinTech, AI, business analytics, sustainability, etc. |
Learning Approach | More focused on theoretical knowledge. | Focuses more on practical application. |
Industry Exposure | Less interaction between industry and academia, resulting in limited industry exposure. | Strong industry connections, resulting in scope for internships, live projects, and guest lectures from industry experts. |
Integration of Technology | High dependence on traditional tools with little use of technology. | Extensive use of technology to enhance the overall learner engagement and experience. |
Also Read:- How Online Programs Are Transforming the Future of Business Education
The Future of MBA Degrees: What to Expect?
As the core skills and knowledge expertise expected from an MBA graduate continue to change with evolving markets, the MBA degree programme has also undergone several significant transformations. Here is a list of what to expect in business school AI trends in the future:
Sustainability and Ethics
As technology advances, the focus of MBA programmes will shift to ethical awareness and sustainable business practices, ensuring consideration for future generations.
Global Exposure
From student exchange programmes to virtual collaborations, MBA programmes will ensure a learner-friendly global exposure for improving international competence.
Data-Driven Decision-Making
The MBA programmes will gradually exhibit a shift from speculative decision-making to a more data-driven one, resulting in better and more successful business outcomes.
AR-VR Integration
With the increasing popularity of AR (Augmented Reality) and VR (Virtual Reality), an integration into MBA is possible. This will aim at enhancing the learning experience and improving knowledge retention.
Lifelong Learning
The rapid advancements in business education will require learners to stay updated for quick adaptability.
Why Was AI Integrated Into Business Education?
There are plenty of reasons why AI was integrated into business education. Some of these include:
Suitability for AI’s Emergence
With the increasing popularity and usage of AI, learning about it is necessary to stay ahead of the times. As process automation, data analysis, and innovation grow, AI knowledge will help you adapt well.
Future-Ready Skill Development
The demand for MBA graduates with industry-level and contemporary technical proficiency is gradually increasing. AI knowledge helps ensure both future-readiness and relevant upskilling for an added advantage.
Improves Decision-Making
AI enables you to use data and analyse it well to arrive at crucial business decisions, thus improving chances of success.
Real-World-Like Business Simulations
AI-powered business simulations help you gain experience in real-world business communications. This will further enable you to hone your problem-solving and critical thinking skills.
Ethical AI Implementation
A study of AI will also help you understand its ethical usage. Hence, though you may have to integrate AI widely, you will be able to use it responsibly.
Also Read:- Top 10 AI Courses in India with Placement Support
How B-Schools are Integrating AI into Business Education
From offering an MBA with Artificial Intelligence specialisation to integrating AI into the learning environment, B-schools are leaving no stone unturned to stay relevant. A few key ways in which business schools are integrating AI into business education are:
Collaboration with tech companies for AI exposure
Providing relevant AI tools-related training to faculty
Encouraging research based on AI
Using AI tools for convenient and flexible learning
Providing AI-driven career matching and guidance
Hosting workshops on AI and business tech
Introducing AI-focused programmes and certificate courses
How Amity University Online Integrates AI
Amity’s online MBA degree programme here ensures efficient AI integration in the following ways:
Prof. AMI: From helping you with assignments and improving motivation to providing conceptual clarity, this guide has your back 24/7.
AI-powered Learning Materials: The interactive learning resources are AI-powered, allowing you to look up quick summaries of concepts, generate practice questions, and more.
AI Certification: Here, the online MBA is supplemented with a certification in AI basics to ensure you have additional valid proof in your resume of the skills learnt.
Take the next step in your career ?
Conclusion
With the growing AI integration and its popularity in business education, the number of GenAI business schools is also increasing. Thus, you can conveniently choose an MBA specialisation in AI alone or in combination with other related ones to make your career future-proof and stable.
To supplement your MBA programme, you can opt for relevant short-term certificate courses to upskill and boost your chances of selection.
Stay updated with our latest Webstories:- MBA Careers in the Age of AI
