Artificial intelligence is now on the syllabus at top-tier business schools.
Harvard Business School, Massachusetts Institute of Technology’s Sloan School of Management, France’s Insead and a handful of other programs recently have added M.B.A. courses on managing the applications and algorithms that help businesses make more informed decisions.
Artificial intelligence, or AI, combines the reasoning abilities of the human mind with the processing power of computers, such as in Apple Inc.’s Siri personal assistant and Amazon.com Inc.’s Alexa. Companies increasingly are applying the technology to management, developing algorithms that can decipher large data sets or assist executives with decision-making. Spending on AI technologies is expected to grow to $47 billion in 2020 from a projected $8 billion this year, according to market-research firm IDC.
Schools say that trend means M.B.A.s will need more than a passing familiarity with artificial intelligence.