Experts discuss the role of AI in business on House of Knowledge
Recently, technology has undoubtedly revolutionized the business landscape in ways past generations could only imagine. The growing integration of artificial intelligence into business products and services is one of the most fascinating ways this is happening.
A term primarily associated with sci-fi movies is now commonly used by corporations. Therefore, it is important to understand what AI involves in the business world, what are its uses and benefits, and why it is becoming so popular.
House of Knowledge is an initiative of Republic Media Network in partnership with Amrita School of Business in which various aspects of Amrita’s B-Schools are explored. Each episode focuses on one of their campuses and has a distinct discussion theme, which provides a unique and in-depth perspective on the different facets of the modern business world and how academia is adapting to change. of the landscape.
This week on the show, four esteemed panelists discussed the above topic – the implications of AI’s dominance in business and what people need to know about it as its popularity grows. This week’s panelists are Jayant Misra, professor and director of special projects at the Amrita School of Business; Utpal Chakraborty, Chief Digital Officer, Allred Digital Services; Ashish Tulsankar, Head of AI, iSchoolConnect, and Arpit Mishra, AI and Supply Chain Expert.
Along with this move towards AI, B schools must adapt to this new demand for people with an understanding of integrating AI into business, and this episode’s panelists discussed how Amrita School of Business and others are incorporating this new need into their programs. .
Panelists discussed common misconceptions about AI, such as whether it has the potential to replace human intelligence. Illustrating that AI is primarily rooted in problem-solving algorithms when it comes to business use, panelists gave various realistic examples of how companies are using AI to improve their products. and services.
They also talked about the ethical concerns surrounding AI and the code of conduct companies should follow when they begin to integrate it into their products and services.
When it comes to how universities are preparing their students for an industry where AI is prevalent, panelists used the Amrita School of Business as an example of a university taking a futuristic approach to learning, preparing its students about what the industry will look like by the time they graduate.
Jayant Misra said that Amrita School of Business models its curriculum in line with the curricula of top B schools around the world. He also said that in order to give its students an employability edge, Amrita School of Business is building an AI Computing School with more than 200 faculty members who are experts in the field, to help define what the future landscape looks like and give their students a basic understanding of AI in business.
The episode helps viewers clearly understand what AI means in the business world and all the ways it can be used. Field experts illustrated that this is not a generic term for a tool that replaces human intelligence, but rather small uses of technology that can facilitate and improve actions taken by humans. They further highlighted the approach business students should take when training in AI in order to be as effectively prepared as possible for their careers.