A new report from AACSB International reveals there are more advantages to using AI in business schools than disadvantages.
The report, titled “Building Future-Ready Business Schools with Generative AI” outlines the strategic paths that schools can take in their adoption of new Generative-AI tools. It identifies six key advantages for schools:
1. Elevated productivity – some tasks can now be automated, making certain processes quicker.
2. New jobs – as new areas of work develop and expand, new jobs will be created.
3. Personalized learning – students will benefit from educational experiences that are tailored to their specific needs.
4. Cross-disciplinary integration – business education can more easily integrate with other disciplines for a more holistic learning experience.
5. Enhanced creativity and innovation – access to new tools will promote innovation and help to engage in creative problem-solving.
6. Democratization of education and inclusion – high-quality, personalized learning experiences will become accessible to a broader audience.
The report also identifies five challenges for schools and staff:
1. Redundancy – certain jobs could be replaced with automation.
2. Skill loss – critical and innovative thinking could decrease.
3. Inequity and bias – existing biases in admissions and student evaluation will be harder to prevent.
4. Academic integrity challenges – the ease of generating content could lead to increased instances of plagiarism, possibly diminishing the value of original thought.
5. Devaluation of human-centric skills – skills such as empathy, leadership, and negotiation may initially be prioritized less over technical competency.
The report provides a deeper understanding into the realities of integrating generative AI.
Featured Photo by Igor Omilaev on Unsplash.