With Artificial Intelligence encompassing all sectors, businesses have realised the importance of AI but most of them don’t really know how to embrace it, how to develop an AI strategy and how to bring in AI-ready culture.
Realising this gap, the Indian School of Business (ISB) and Microsoft India have launched an exclusive Executive Programme for CXOs to tell them how to go about it — all in three days.
Besides, the duo would also set up AI Digital Lab to collaborate in research to study issues that are relevant for business and public policy.
The executive programme, Leading Business Transformation in the Age of AI, which will kick start in October 2019, would equip business leaders with tools and strategies to transform their respective organisations to AI-driven organisations. “We are planning to organise 2-3 cohorts in a year and induct 1,000 CXOs in the next three years,” Rajendra Srivastava, Dean of ISB, has said.
Anant Maheshwari, President, Microsoft India, said this was the right time for AI as the situation was ripe with huge opportunities and expertise in analytics, Big Data and cloud.
“The global market size of analytics is $200 billion in 2020 and huge volumes of data being generated annually. This huge amount of data can be used for anlatyics,” he said.
AI would improve the ability of business leaders to improve business decisions and enhance productivity, helping the businesses stay competitive and be successful.
“AI is a gamechanger to drive new business models and transform businesses and workplaces. Our partnership with ISB will help business leaders increase their tech intensity and do more with AI,” he added.
Microsoft’s online AI Business School will provide executive-level insights and practical, actionable guidance to build an end-to-end AI strategy.
The three-day non-technical programme will focus on managing the impact of AI on company strategy, culture and responsibility. It would cover Defining an AI strategy, Enabling an AI-ready culture, and Responsible AI in business.
AI Digital Lab
The duo have also agreed to set up AI Digital Lab, which will do research in social sciences that utilises the potential of AI. The virtual lab will enable ISB to explore new phenomena that is relevant for Business and Policy using AI tools and infrastructure provided by Microsoft.
Microsoft will provide infrastructure, access to cloud and AI tools to the ISB.