We look back at when fax machines were a groundbreaking innovation, or when the internet emerged, when businesses changed the way they connected with their customers. Following this, social media, mobile devices and cloud computing each transformed business landscapes in critical ways. Today, we are on the brink of another major change as Artificial Intelligence (AI) takes the central stage. With its ability to automate, analyze and enhance processes, AI is reshaping industries, redefining business models and creating new opportunities.
According to a report by McKinsey, companies “Super Agency in the Workforce: Enhance the Power of People to Increase AI Potential” are actively investing in AI, with 92% planning to increase AI investment over the next three years. Interestingly, employees are already using AI more than their leaders expect, with three times more employees using Genai for more than a third of their jobs. Additionally, over 70% of employees believe that Genai will change more than 30% of its work within two years.
However, there is a disconnect between employee needs and support, with 48% of employees ranking training as the most important factor in Genai recruitment, while almost half feel they receive below moderate support. In particular, 46% of leaders identify workforce skills gaps as a key barrier to AI adoption, highlighting the need to attract and hire top-level talents, such as AI/ML engineers, data scientists, and AI integration specialists.
As the AI revolution gains momentum, it is clear that businesses will need to increase their workforce to make the most of their AI potential. To address this need, Iim Ahmedabad introduced Executive Program for AI for Business (EPAIB)which helps working professionals and entrepreneurs understand how to use AI effectively and responsibly.
According to Professor Adrija Majumdar, EPAIB faculty member, AI is incredibly potential, with organizations trying to understand how to make the most of it, such as managing the AI ecosystem and mitigating risks.
“The impact of AI is widespread and many processes have been changed,” she reveals. “As applications in a variety of sectors, including supply chain, healthcare, banking, and retail, AI helps create unique customer experiences, generate operational efficiencies, reduce costs and drive sustainable growth.
Master of AI Essentials
As AI continues to evolve at a fierce speed, it is experts who understand the core concepts that lead prices. Epib Starting with the basics of machine learning and deep learning, we're the first to dive into the technical aspects of AI. These technologies are game changers as they allow AI systems to learn from data, make predictions, and inform decisions.
The program also explores natural language processing (NLP) and how it can be used to increase customer engagement, improve user experience, and automate tasks such as text analysis. Additionally, it covers generative AI and large-scale language models and ways to leverage them to drive business growth and improve competitiveness. The program also explores new automation technologies that will help streamline the process and improve efficiency.
Use AI for business success
Understanding the power of AI is essential for growth and innovation, as companies operate more in the digital world. The program explores the digital ecosystem and business value of AI. This module helps participants understand how AI can translate operations. They will learn how to see the benefits of AI and will make wise decisions based on it.
The key focus of program Innovative customer experience management using AI. Participants discover how AI can increase customer engagement and improve the user experience. By integrating AI into customer relationships, businesses can build stronger connections with their customers.
The program also addresses the role of AI in improving financial performance and operational efficiency. Participants will learn how to use AI to support financial growth and streamline processes. This section helps you identify areas where AI will have a significant benefit to business performance.
Understanding the impact of AI on the future of work
The working environment is changing dramatically as AI leads this transformation. The Future of Work in AI-Based Organizations module examines how AI affects the workforce and business model. Participants will learn how AI is transforming the way an organization operates.
program It also introduces workshops on major AI startups. Here, participants discover key factors for building and growing AI startups. This includes understanding the role of AI in start-ups, discovering opportunities for innovation, and creating growth strategies.
Reduce the risk of AI
Implementing AI poses many challenges, especially in the areas of security, privacy and ethical considerations. EPAIB provides participants with a nuanced understanding of how these risks manifest in real-world applications and how to mitigate them, ensuring that AI systems are safe, transparent and fair.
Case-based learning for practical insights
EPAIB offers a unique learning experience. The 6-7 month program includes five days of campus immersion, during which participants will face IIMA faculty, subject experts and international faculty. They also have the opportunity to network with their peers and learn from their experiences and exposure to the industry. Case-based pedagogy and Capstone projects allow participants to gain practical and practical experience and learn from real-world examples and applications of AI in a business context.
To accommodate the busy schedules of working professionals, live online sessions will be held every Sunday from 3pm to 6pm on technology partner VCNOW's platform, allowing participants to balance work and learning. When it's finished programParticipants will receive a certificate of completion from IIM Ahmedabad.
Prepare participants for the future of Ai-Augmented
As AI continues to transform companies, experts need to be familiar with this technology to lock it to the fullest. How they imagine their work using AI and transforming will make all the difference.
As famous Futurist and author Arthur C. Clark once said, “A sufficiently advanced technology is indistinguishable from magic.” This quote resonates strongly in the context of AI. This is to drive rapid advancement and transformational outcomes for businesses. Given its important impact, it's not surprising that organizations are looking for ways to utilize its magic.
IIM Ahmedabad's AI for Business executive program is designed to maximize AI capabilities and is equipped with experts to understand AI and its applications.
See the program for more information including details about participating in the first batch and eligibility requirements Website.
