Business schools decide how to teach artificial intelligence.

Oct 20
MBA programs aim to better equip students for a world that is changing quickly and is being driven by generative AI.

New and developing technologies, such as machine learning, have played a significant role in business school course offerings over the past ten years. For instance, one of the most sought-after business school degrees nowadays is data analytics.
Attention is being devoted to generative AI, a technology that enables users to create human-like language and captivating graphics in response to brief cues. This technology opened Pandora's box for businesses, in part because of ChatGPT's release last November and the accompanying worry about what an AI chatbot can accomplish.

Kostis Maglaras, dean of Columbia Business School, stated that "ChatGPT was the moment when everyone took notice of its capabilities." It significantly alters the activities we must carry out in the classroom.

To teach students about technology and its uses in business, business schools are progressively incorporating elements of artificial intelligence into their curricula.

We must, at the very least, teach new skills. Bradley Staats, senior associate dean for strategy and academics at the Kenan-Flagler School of Business at the University of North Carolina, stated that failing to address the AI challenge would be detrimental, particularly in light of the recent McKinsey report's prediction that half of today's work activities could be automated between 2030 and 2060.

Today's artificial intelligence courses, according to Columbia Business School professor Dan Wang, must consider the technology's possibilities and limitations.

The objective, according to Wang, is for students to see, experience, and comprehend the advantages but also—and this is crucial—the limitations of using artificial intelligence tools.

AI will also consider a company's organizational structure and operational procedures. In terms of the organization, it will be incorporated into routine communication, including email, notes, reports, and marketing materials, as well as procedures for product development, design, software development, and other activities. Future leaders will need to understand this just as much as they will need to be proficient in public speaking and team leadership.

Learning AI can be compared to learning a new language in some aspects. The efficient use of technology in the business world will necessitate increasing acquaintance with the work of software engineers as well as the development of some coding and data analysis abilities in MBAs.

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