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Artificial Intelligence (AI) is changing industries across the world and its influence on businesses is evident. With the development of AI, working professionals are required to become equipped with knowledge and applications of the technology.
According to Invest India, Artificial Intelligence is the key to driving commercial development across the globe. It is estimated that by the year 2030, AI will add over $15.7 Trillion to the global economy. India is looking at an AI revolution as it has the third-largest talent pool in the world with investments in its capabilities growing at a CAGR of 30.8%. This means that there will be wide opportunities for AI graduates in the future.
For professionals who are looking to upgrade their career in the field of Artificial Intelligence, an online MBA in Data Science and AI can be one of the best decisions. In this blog, we will see why online MBA students need an AI specialisation for business success.
What is an Online MBA in Data Science and AI?
An online MBA in Data Science and AI is specifically designed to enable students to understand and explore the world of data and AI, machine learning, and the principles of data management. The program is centred on allowing students to understand Data Science, AI, and machine learning.
It has a comprehensive curriculum that enables students to gain advanced knowledge on how technology and human capital influence organisational performance. The online MBA in Data Science and AI is taught at Chitkara University in a knowledge partnership with EY to enable students to become experts in tax assurance, transaction, and advisory services. The program is based on academic rigour with real-world expertise offering a holistic understanding of the transformative potential of data and AI in the business world.
How Does an Online MBA in Data Science and AI Specialisation Ensure Business Success?
AI Has Revolutionised Businesses: AI technologies such as machine learning natural language processing and predictive analytics have changed how businesses function. Most companies can leverage AI for optimising supply chains, improving customer experience, and improving decision-making processes.
For example, a finance company can use Artificial Intelligence to detect fraud and assessing investment risks while a retail company can use Artificial Intelligence to streamline inventory management and personalising shopping experiences.
An online MBA degree helps students specialising in Data Science and AI learn how to use new technologies to gain a competitive edge in managing transformative business growth processes.
Career Growth: The AI market is expected to reach US$ 7.8 Billion by 2025 in India. AI will displace many traditional jobs while also creating new job opportunities. With an MBA online in Data Science and AI, graduates can become trained in adapting to the changes of the business landscape and still be successful.
Completing an online MBA in Data Science and AI enables students to become trained in skills that can help in adapting to the technological AI changes. By understanding the applications, limitations, and ethical considerations of AI, graduates can position themselves as forward-thinking leaders who are capable of navigating and thriving in an AI-driven economy.
Improved Decision Making With Data Insights: AI technology thrives on data. The businesses of today generate and collect large amounts of data every day but understanding and interpreting that data requires expertise. With AI-powered tools, companies can derive actionable insights from complex datasets for driving better strategic decisions.
Online MBA students who are specialising in AI can gain proficiency in analytics platforms, data visualisation tools, and machine learning algorithms. The knowledge allows them to make data-driven decisions for increasing operational efficiency and improving business outcomes.
Boosting Competitive Advantage: Organisations that integrate AI into their operations can outperform competitors who are otherwise lagging behind. For example, the AI driven customer segmentation can help businesses can target the right audience with a lot of precision while predictive analytics can identify market trends before they become apparent.
An online MBA program with an AI specialisation brings competitive advantage to their organisations. This expertise helps businesses innovate faster, respond to market dynamics effectively, and staying ahead of increasingly digital landscape.
AI-Driven Leadership Roles: There is a rising demand for leaders who can understand AI and also guide its implementation in organisations. Professional roles such as AI Strategy Consultant, Data Science Manager, and Chief AI Officer are becoming important in many industries.
An online MBA in Data Science and AI offered by Chitkara University in partnership with EY caters to working professionals who seek leadership roles. Gaining a specialisation in AI can position students as ideal candidates for roles that help them take initiative and bridge the gap between technical teams and business stakeholders.
Industry Wide Relevance: AI’s impact spans through multiple industries including healthcare, finance, retail, and manufacturing. For instance, AI is changing revolutionising diagnostics, personalised treatment, and patient management while Finance is enhancing trading strategies, risk assessment, and customer service.
Completing a specialisation in Data Science and AI ensures that online MBA graduates become equipped to contribute to diverse industries making their skill set universally applicable and valuable.
Clarity on Ethical and Regulatory Challenges: With the growth of AI adoption, the concerns about ethical use and regulatory compliance also increase. Problems such as data privacy, job displacement, and algorithm bias require leaders who can understand the complexities of AI governance.
Gaining a specialisation in AI helps students to address these challenges and learn more about regulatory frameworks while balancing innovation with ethical considerations. Gaining this knowledge is important for building trust and maintaining a company’s reputation in the modern age of AI.
Personalised Customer Experience: In the present customer driven world, personalisation is important to ensure customer loyalty. The use of AI enables businesses to create customised experiences by understanding customer behaviour, interactions, and preferences.
For instance, platforms like Netflix use Artificial Intelligence algorithms for recommending content while Spotify uses Artificial Intelligence for creating playlists based on user habits. Online MBA students can specialise in AI while helping organisations use this technology to enhance customer engagement, foster brand loyalty, and drive revenue growth.
Also, read this blog post: How an Online MBA in Data Science Enhances AI-Driven Decision Making in Business?
Summing It Up:
As Artificial Intelligence continues to redefine the business world, gaining a specialisation in Data Science and AI is becoming a cornerstone of success for many MBA students. It helps them lead in the technology-driven world, adapt with rapid technological changes, and seize opportunities in emerging markets.
For students who enrol online MBA in Data Science and AI, the ability to integrate AI knowledge with business acumen creates a powerful combination that does not just enhance their career prospects but also positions them as a transformative leader capable of shaping business future. Choosing an AI specialisation is not just an investment in education but also an investment in the future.
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