AI has more pros than cons for business schools, says new AACSB Report

A new report from AACSB International reveals there are more advantages to using AI in business schools than disadvantages.

The report, titled “Building Future-Ready Business Schools with Generative AI” outlines the strategic paths that schools can take in their adoption of new Generative-AI tools. It identifies six key advantages for schools:

1. Elevated productivity- some tasks can now be automated, making certain processes quicker.
2. New jobs- as new areas of work develop and expand, new jobs will be created.
3. Personalized learning- students will benefit from educational experiences that are tailored to their specific needs.
4. Cross-disciplinary integration- business education can more easily integrate with other disciplines for a more holistic learning experience.
5. Enhanced creativity and innovation- access to new tools will promote innovation and help to engage in creative problem-solving.
6. Democratization of education and inclusion- high-quality, personalized learning experiences will become accessible to a broader audience.

The report also identifies five challenges for schools and staff:

1. Redundancy- certain jobs could be replaced with automation.
2. Skill loss- critical and innovative thinking could decrease.
3. Inequity and bias- existing biases in admissions and student evaluation will be harder to prevent.
4. Academic integrity challenges- the ease of generating content could lead to increased instances of plagiarism, possibly diminishing the value of original thought.
5. Devaluation of human-centric skills- skills such as empathy, leadership, and negotiation may initially be prioritized less over technical competency.

The report provides a deeper understanding into the realities of integrating generative AI.

/ENDS

If you would like to see a copy of the full report, or to speak with Lily Bi, President and CEO of AACSB International, please contact Jamie Hose on jamie@bluesky-pr.com, or call +44 (0)1582 790 706.