Artificial Intelligence is currently the buzzword and seems on everyone’s tongue. Businesses are being impacted because of Artificial Intelligence. According to Gartner, Inc, the number of enterprises implementing Artificial Intelligence (AI) grew 270 per cent in the past four years. It tripled in the past year, whereas 54% of executives say artificial intelligence tools have boosted their company’s productivity.
Additionally, 61% of business professionals mentioned artificial Intelligence and machine learning as their organization’s most significant data initiatives, whereas 40% noticed an increase in labor productivity from using AI.
AI is everywhere, wherever you look; while it has been a major trend in tech development for quite some time, it has also become a huge thing in the lives of PGDM graduates, and in this blog, we see the impact that it will have on management students.
Impact Of AI On PGDM Jobs
As mentioned earlier in the blog, AI is expected to have a significant impact on various job roles across industries, including those of PGDM students. While AI bestows numerous opportunities, PGDM students have to adapt and upskill to stay relevant in the job market, embrace the new technology and leverage them effectively to foster growth and success.
Automating High Data Volume
AI can help PGDM students to automate routine and mundane tasks, such as basic analysis, processing large volumes of data, data analysis, and pattern recognition report generation enabling them to make more informed and data-driven decision-making and also will free up time for managers to focus on more strategic and creative aspects of their coursework and future roles.
With AI-powered tools, PGDM students on jobs can streamline and optimize processes and get the static operations rolling, helping to increase efficiency in the organization and improve productivity throughout the organization.
Market Analysis and Strategic Planning.
AI helps with advanced analytics platforms, which will help the management students understand market trends, competitive analysis, and emerging trends more effectively, helping them in strategic planning so that the company moves towards growth and profits.
Supply Chain, Logistics Optimization, Risk management
AI can optimize supply chain, logistics and inventory management, help identify potential risks and threats, and demand forecasting, leading to cost savings and improved delivery efficiency.
HR and Talent Management
Artificial Intelligence can streamline the recruitment process, help in identifying the right talent for specific roles, assist in talent assessment, identify skill gaps, facilitate effective human resource management and make tasks easier and save a lot of time for the HRs within the organization.
Business Model Innovation And Entrepreneurship
Management students can use AI to develop new innovative business models, create new revenue streams, adapt to changing market dynamics, automate processes, and improve customer experiences.
Working With AI – The New Normal
Leaders in many fields are embracing AI for their businesses and getting the entire working ecosystem to function together. As seen earlier, Leveraging AI helps companies reconfigure roles, minimizing the time spent on repetitive tasks and maximizing strategic decision-making.
AI algorithms and innovative technology will soon become a bigger part of everyday working life for management students. It will affect the working landscape by reducing mundane and repetitive tasks.
Secondly, it will create new opportunities in various industries. Students with AI data analytics will be in high demand to leverage these technologies for strategic decision-making, process optimization, and business growth.
Skills PGDM Students Should Consider In The AI-Driven Market
Learning AI Skills
Acquiring knowledge and implementing the information of the latest developments in emerging technologies, data science, machine learning, and AI applications will make PGDM graduates more versatile and in demand.
Enhancing Soft Skills, Problem-Solving Skills And Creativity
While AI can handle some technical aspects, the demand for problem-solving, leadership, and creativity is irreplaceable. PGDM students should strengthen their skills in these areas.
The job market is constantly evolving, and AI will definitely impact the job market and employment landscape.PGDM students may need to embrace AI, adapt their skills, and combine their business acumen with AI expertise for better opportunities and success in the business and corporate sectors. Adopting a mindset of continuous learning and adaptability will definitely help management students thrive in the dynamic AI environment.
Vignana Jyothi Institute of Management, also known as VJIM, is an innovation-driven B-School founded in 1993. VJIM is among the pioneer management institutes offering a 2-Year Full-Time PGDM program accredited by AICTE, the National Board of Accreditation (NBA) and the South Asian Quality Assurance System (SAQS).The faculty at VJIM are Exceptional Scholars in their disciplines, Impactful consultants, Award-winning Case writers, and Renowned Corporate and Policy Advisers.
The Two-Year PGDM programmer at VJIM is a holistic driving force in imparting knowledge and providing employable skills to students. PGDM curriculum is up to date and relevant to the current business scenario both in terms of the courses offered and the pedagogical tools used.
The innovative curriculum and experiential approach implemented at VJIM continues to create impactful and responsible business leaders and corporate leaders.
Admissions Closing For PGDM 2023-25
The last Date to Apply is 16th August 2023
▶ Contact – 9849800819
▶ VJIM Website Link:- https://vjim.edu.in/