Artificial intelligence is leveraging all the industries, but on the other hand, it is also posing a threat by displacing workers and jobs.
FREMONT, CA: It is evident that in the coming years, artificial intelligence (AI) will change the whole teaching-learning process, and also the way we work. According to reports, in the next ten years, almost 400 million workers globally will change their occupations, and business schools are uniquely situated to respond to the shifts coming to the future of work. We can see that business schools are cautious in adapting management education to address the changing needs of students, workers, and organizations.
Will methods from the past be employable for the jobs of the future?
In order to encourage course success for on-campus students and to provide personalized educational pathways for lifelong learning, several educational institutions are building AI-enabled platforms. Still, some of them are afraid to adopt these technologies.
A number of schools have adopted technologies like RPA (Robotic Process Automation), chatbots, IBM Watson, and others. Companies like Microsoft and IBM have created robust cross-collaborations with several schools and colleges.
Meanwhile, corporations and platform providers are planning to invent and adopt new AI-enabled tools, which will help in improving and validating learning and skill acquisition. Some of the firms have already started partnering with Google and Microsoft and some other smaller companies to create AI-powered customized learning.
Updating Traditional Curricula
If in future, AI and other technologies will displace jobs and workers, then business-school curricula will need to be updated to provide students with the skills they need to manage and lead in a rapidly changing world. The tools of artificial intelligence will need employees with stringer skills and knowledge in different departments.
To survive in the future, business schools have to take proper steps and accept these challenges; because avoiding these challenges will result in students avoiding their MBA programs. Institutions without these capabilities will have to provide value to future MBA students in a world where students more widely use AI-enabled education than by business schools.