and are the future in business schools.
In a Harvard Business School classroom in Boston, MA, robots are on the rise.
What is the potential for robots to reshape our roads? And what are the challenges and opportunities of entering that business?
Why learn about ?
David Yoffie, professor of international business administration, believes it to be essential for tomorrow’s business leaders. Working with Artificial Intelligence knows many different definitions, but in general it can be defined as a machine completing complex tasks intelligently, meaning that it mirrors human intelligence and evolves with time. (), he says, is “capability that MBAs need to know about”. today is a super-hot area in business education, he adds. Harvard, Stanford’s Graduate School of Business, MIT’s Sloan School of Management and INSEAD of France are among the top-tier business schools adding courses on managing the An algorithm is a fixed set of instructions for a computer. It can be very simple like "as long as the incoming number is smaller than 10, print "Hello World!". It can also be very complicated such as the algorithms behind self-driving cars. that are helping businesses make better decisions. It is undisputed that MBAs will need a firm grasp of the technologies. Moreover, “Business students need to understand the major industrial and information technologies being developed and how they will shape business in future — not simply how they work,” says Jonathan Trevor, a professor with Oxford University’s Saïd Business School .
The practical application of the knowledge
On a practical level, this means understanding how to manage the development and application of algorithms across businesses. Executives must become familiar with interacting with data scientists and must know how to leverage analytics to see new business opportunities, according to Shawn Mankad, assistant professor at Cornell University’s College of Business.
The uncertainty of the future
Other business schools are focusing on ‘soft skills’, such as negotiation and creativity, as it is presumed that robots will not outperform humans any time soon in this area. What the human- future looks like remains unclear, but business school will at least prepare future leaders to be confident with the ambiguity, says Urs Peyer, dean of degree programs at INSEAD.