Importance of MBA in Artificial Intelligence

The business landscape today is undergoing a major transition in terms of incorporating Artificial Intelligence and Machine Learning (AI-ML) into the organisational model. This is not yet another trend that will grow ineffective in a few years. Many employers agree that AI technology is going to keep reshaping the business sphere significantly in the upcoming decade. In light of such a massive tech revolution, MBA graduates who have a working knowledge of artificial intelligence are the top choice for recruiters in the current job market. Therefore, MBA in AI is rapidly advancing as an educational model to help students stay ahead of the learning curve and thrive in the tech-enabled future.

This article discusses some ways in which Artificial Intelligence is taking over the domain of MBA education.

1.Enhanced Employability

Today, businesses are looking to recruit professionals who are capable of integrating AI into their business strategy and driving business growth through it. As MBA students, staying on top of the latest technological developments, along with key leadership, communication, team building, and strategic thinking skills, gives them an added advantage in the corporate landscape. Thus, B-schools that provide MBA in artificial intelligence design their curriculum to focus on the skills that top recruiters are looking for.

2.Increased Business Acumen

Pursuing an MBA in Artificial Intelligence can help students stay on top of the latest trends of AI usage in top organizations. It helps develop their critical thinking skills by showcasing how AI impacts business strategy and drives business growth in the industry. Once they develop a working knowledge of AI, they will be able to address the more ethical concerns that surround AI to make holistic decisions that maximize human potential while also adopting sustainable and responsible use of AI-ML tools at the same time.

3.Data-driven decision-making

With the rapid advancement of AI, it is becoming increasingly easier to analyze large sets of data quickly and accurately. But with more data to handle, there is a dire need for leaders with data analytic skills to make holistic business decisions. The edge of an MBA in AI can equip students with the skills of data mining, data visualization, predictive analytics for big data, and more. These skills will create future business leaders capable of using AI to build data-driven business strategies.

4.Improved Innovation and Business Growth

With more of the routine tasks getting automated, leaders must now focus on driving innovation on a strategic level within their teams. Organizations prefer leaders who can collaborate with AI to develop more holistic and creative business models and lead teams who can come up with innovative use cases for AI-ML tools. In such a scenario, an MBA in AI gives you the ability to incorporate AI into business strategy, making you the top choice for recruiters.

5.Optimized Leadership Skills

While an efficient knowledge of AI certainly gives you an edge in the job market in any field, an MBA in Artificial Intelligence equips you with the leadership skills necessary to foster a culture of growth and innovation by incorporating the use of AI. Professionals who can streamline efficiency, incorporate big data into holistic business strategies, and drive innovative use of AI in high-performing, cross-functional teams are preferable for leadership positions in top organizations.

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AI has taken a transformative role in the future of MBA education. With organizations remodeling their business strategies to incorporate AI-ML in everyday business functions, many B-schools have also rapidly restructured their MBA in AI curricula to teach the relevant skills to their students.

Some of the most in-demand AI-ML tools among top recruiters are:

  • •Tableau and PowerBI are taught to equip students with data visualisation skills.
  • •Programming languages such as Python and R are used for data analytics.
  • •Other data analytics tools such as Google Analytics are also necessary for predictive analytics skills.
  • •Many B-Schools also pay special attention to Advanced MS Excel to conceptualize large data sets for holistic business decisions.
  • •Machine Learning libraries such as scikit-learn are used to deploy machine learning models

One such B-school in Delhi that has already incorporated AI in its MBA curriculum is the New Delhi Institute of Management (NDIM). Its unique tech-enabled PGDM programme provides tech-based specialisation options such as Digital Marketing and AI-ML (Business Analytics). Students who are interested in an MBA in AI to learn the latest AI-ML tools while also developing a foundational understanding of concepts such as Finance, Marketing, or Human Resources will be able to give their skillset a major boost with NDIM’s dual specialization PGDM programme. Through this, they will be able to opt for a blended course where one specialization focuses on the foundational aspects of an MBA while the other gives them a critical understanding of the usage of AI in business practices.

The distinguished faculty members are experts in their fields, who come together with Corporate Professionals to update the curriculum as per the latest technological trends in the industry. The industry insights brought by corporate professionals allow NDIM to curate experiential learning experiences based on mock interviews, dynamic group discussion sessions, live projects, and more. The integration of AI in these modules helps students cultivate a deep understanding of real-life applications of these AI-ML tools. This ensures that the students of NDIM stay abreast of the latest tech advancements going on in the industry.

Therefore, with the increasing use of AI in every facet of the corporate industry, it is safe to assume that the ‘AI mania’ is here to stay. As business schools are rapidly responding to this transformation by including AI in their curriculum, aspiring candidates need to understand the impact of an MBA in Artificial Intelligence and make a wise choice of the right B-School that can give them that competitive edge in the job market and step into the industry ready to lead the future!

NDIM continues to play an integral part in helping students step into the corporate industry as true professionals. Its emphasis on tech-enabled and experiential learning ensures holistic development of the student, not just in academic terms but also with their overall personality. Accredited by the AICTE, NDIM has been regarded as the top institution in India in Industry Connect by the AICTE-CII for three consecutive years. Boasting a 100% success rate in placement, NDIM has been recognized through the Advertising Standards Council of India.

To know more, visit our website: https://www.ndimdelhi.org/.