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How Artificial Intelligence Will Impact Business Education In 2018

Robots will find a place on MBA syllabi and change the way we learn online, according to the world’s top deans

Mon Jan 15 2018

BusinessBecause
The robots will rise in business education in 2018, according to the world’s top deans.

BusinessBecause's annual forecasting article found that business school heads see artificial intelligence (AI) as one of the trends having the biggest impact on management education in the year ahead. 

Francisco Veloso, dean of Imperial College Business School in London says: “Digital and AI are rapidly changing the way we live and work in significant ways, so I expect to see schools placing a stronger focus on these areas in...

“As businesses transform to keep up with the pace of technological change, schools will need to do more to provide students with the tools they need to undertake careers or start businesses in areas such as blockchain, fintech, crowdfunding, or social innovation,” he adds 

Business schools will also pay more attention to the ethics behind tech innovation, according to Bill Boulding, dean of Duke University’s Fuqua School of Business in North Carolina.

He says: “We can’t lose the human element in technological advances or we risk losing the values that anchor our lives. For example, our students need to think hard about the balance between rule-based algorithms and human judgment.”

Over the past year, several top schools have launched electives in their MBAs which are exploring the impact of AI, including INSEAD, MIT Sloan, and Harvard Business School.

The schools hope to prepare students for a world of work which, many believe, will in the near future incorporate more machines.

While manual labour is most at risk of displacement from automation, says the consultancy firm PwC, white-collar roles are, increasingly, being digitized — from lawyers to equities traders.

AI is creeping into the MBA jobs market, with employers such as IBM using robo-recruiters to screen candidates. Companies are also seeking managers who can manage algorithms across service lines, and use data to make business decisions better. 

“Employers will more rapidly adopt digital screening processes to broaden their reach, and hire the very best candidates,” says Paul Almeida, dean of Georgetown University’s McDonough School of Business in Washington DC.

“Business schools will offer more electives around data, analytics, and artificial intelligence — all using new [online] platforms [which are] increasingly becoming standard practice,” he adds. 

AI will also change the way students learn online. One essential ingredient to learning and improving is feedback. Today, students receive limited feedback from faculty and classmates. Soon, this feedback could be more readily available using automation, says Martin Boehm, dean of IE Business School in Spain.

“This will allow students to receive, after every session, valuable feedback,” he adds. 

Student Reviews

Duke University Fuqua School of Business

Student

Verified

31/10/2023

On Campus

Supportive atmosphere

The professors at Duke university exhibit exceptional commitment to the success and well-being of their students by ensuring their academic growth and fostering a supportive social atmosphere. Moreover, the entire community is recognized for its amicability and inclusiveness.

Maxwell

Verified

30/03/2023

On Campus

Diversity

The people or the students are without a doubt Duke's greatest asset. While all students are driven to succeed, they are also enthusiastic about a variety of hobbies. You run across a huge lot of diversity. It is the ideal example of a school with well-rounded students and the ideal balance of campus life in a metropolis.

Anabelle

Verified

27/02/2023

On Campus

Happy to school

All I could ever hope for is Duke University. That really epitomizes the "work hard, play hard" philosophy that elite colleges frequently pursue. Even though you'll have a lot of schooling to complete over the week, it's simple to keep focused because all of your friends are putting in similar amounts of effort. Many events taking place on and around campus on the weekends provide a great way to unwind. The combination of demanding academics and traditional college fun strikes the perfect balance.

Monica

Verified

27/02/2023

On Campus

Good schooling

Living, eating, learning, and developing who you want to be as an adult are all fantastic at Duke. I participated in student athletics, and I couldn't have asked for a better interaction with the faculty and other students. I appreciate all of the help I get from the Duke community more than anything. Furthermore, the teachers take the time to get to know you, and the lectures are diverse and demanding (if you do the same). I'd give it a 10 out of 10.

Aline

Verified

26/11/2022

On Campus

Beautiful School, Nice Classes

DU remains one the greatest and best universities that I have ever stepped in. The school is beautiful and neat. The classes are spacious and also very nice. I enjoyed attending my Lectures in those lecture halls. I also loved the Lecturers because of the good work they did. The university also has very good dorms that are given to students on first come first serve basis and they are affordable

Student

Verified

29/06/2022

Blended

Amazing experience

I received my B.S. in Biology and B.A. in Global Health with a minor in Chemistry from Duke University. I was able to grow as a student, scientist, and global health advocate with the help of my friends, professors, and other mentors I met along the way. A lot to learn if you look and ask, a great place to learn for those who want to learn.

Student

Verified

29/06/2022

Blended

whirlwind of growth and change

An amazing 2 years, with covid and everything else happening Duke has been a place of growth for me. The courses , classes were one of a kind, online and on campus. But the valuable lessons learned in the classes are irreplicable. The students are amazing here, so much diversity , I had no problem fitting in. The teachers are down right brilliant and so helpful. Don't be afraid to ask them anything. Graduated with my MBA with Duke and now my future awaits.

Student

Verified

29/06/2022

On Campus

One of the best for Business students

Graduated with an MBA. The classes were very insightful and engaging. The staff are very easy to deal with. The teachers and students, are truly amazing people. Grateful to all the people I've met along the way at Duke. I've learnt a great deal that will help me in my future endeavors. The campus itself is a marvel, it is beautiful.

Student

Verified

16/06/2022

On Campus

The university campus is awesome

I graduated with a masters degree in Religious Studies from Duke University. One thing I really liked about the university is its huge campus. It is spread in a large area with a lot of greenery and also have the facilities of reading rooms for single person also. My department building was very well taken care of. The library is immensely populated with books for all your needs. The faculty is very nice to students. The classes are equipped with latest technology to cater the needs of students. The University also provides room rentals for international students. They are very well maintained and priority is given to the International students for a comfortable stay there. There are weekly events conducted by the University as well as Student clubs for the entertainment of students. Anybody can take part in them and show their talents. I enjoyed my degree and I graduated in 2021 and was very happy that I had graduated from a reputed University.

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