A few decades ago, most people's primary concern about technology was computer anxiety, but times have changed. Today, we live in an era of advanced technology where artificial intelligence (AI) plays a key role and poses great challenges. Higher education institutions, in particular, are facing a critical juncture in redefining education and preparing students for the business world.
Many people still wonder how magical AI is. AI simplifies tasks especially those that are repetitive, require precision, involve complex and large amounts of data, and require advanced analytical processes. With simple prompts, AI efficiently creates solutions for people. There is no doubt that both important sectors of economy and business are benefiting from the presence of AI.
Despite AI’s many benefits, there are growing concerns about its use, particularly in academia, due to fears that it could undermine integrity. As a result, for most scholars, the question of how to handle AI remains fully unresolved.
In a recent article published in a prestigious journal, Management Learning and Education AcademyMoser and others express concern that AI could fundamentally and irreversibly change morality, and they argue that education must play a crucial role to prevent the use of AI from diminishing human judgment in the economy and business.
The rise of various types of artificial intelligence poses challenges for educators and students in economics and business schools.
On the one hand, it is important to incorporate AI into higher education curricula, as current economic and business practices demand it: for example, these fields should study how AI can be leveraged for purposes such as business intelligence and forecasting to make better decisions.
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But on the other hand, generative AI is one of several technologies that will have broader implications and require deeper consideration.
