Artificial intelligence (AI) and machine learning (ML) are rapidly expanding the scope of what’s possible in today’s business world. For professionals interested in this industry, obtaining a specialized Master of Business Administration (MBA) is one of the best ways to communicate to employers that you’re prepared to help their organization thrive in the world of AI. The Southern Illinois University Edwardsville (SIUE) MBA with a Management Information Systems (MIS) Specialization online program prepares graduates to utilize these technologies for the future.
AI and ML have impacted corporate innovation in an “undeniable” way, according to Research Gate. However, while the potential benefits of AI and ML are immense, both technologies also raise concerns regarding data privacy, security and ethical issues.
In today’s job market, there is a substantial gap between technological capacity and employee knowledge surrounding this new tech. This highlights a need for professionals capable of helping businesses adapt to AI technologies, such as creating regulatory frameworks that keep pace with the cutting-edge pace of AI without inhibiting innovation.
Machine Learning vs. Artificial Intelligence
Although used interchangeably, artificial intelligence and machine learning are very different concepts. Per Coursera, artificial intelligence is the process of teaching computers to analyze, reason and learn in a human-like way. Machine learning is a subset of AI that uses algorithms trained on data to produce models that can perform such human-like tasks.
Put another way, artificial intelligence is an umbrella term that describes teaching computers to reason like humans. Machine learning is one strategy for doing that. Natural language processing (NLP) and deep learning (DL) are two other subsets of AI.
AI and Data Management
Perhaps nowhere is the role of AI more pronounced than in data management, analysis, predictive modeling and automation. Datacamp estimates that roughly 328.77 million terabytes of data are created each day. For modern businesses, this data represents an immense treasure trove of information. But analyzing and digesting this data has historically been too difficult — until recently.
Artificial intelligence has made it much easier for companies of all sizes to manipulate and draw insights from datasets that were previously too large for human workers to analyze. Modern business professionals can leverage ML to clean, classify and cluster data while also using NLP or DL to analyze text and images. However, while AI-powered tools and data are abundant in the modern economy, the prevalence of qualified AI professionals is not.
Modern companies need professionals who can leverage AI to help drive the company forward in a safe, ethical way that doesn’t stifle innovation. Specialized programs, like SIUE’s MBA with a Management Information Systems Specialization online, help professionals gain an understanding of how cutting-edge technologies like AI fit into the business landscape.
Using an MBA to Advance Your Career in Machine Learning
A Master of Business Administration is valuable because it simultaneously offers both a high-level and specialized education. Upon graduation, MBA holders have both specialized knowledge relevant to their field as well as several key technology benefits like the following:
- Stronger decision-making: MBAs are well-recognized credentials that can help bring validity to your decisions, adding a layer of confidence to your ideas.
- A reputation as an all-around business professional: Obtaining this multi-faceted degree helps avoid siloing into one industry or profession.
- Easy collaboration with business colleagues: A professional with an MBA often has a better understanding of how each department fits into the overall success of the business, making it easier to collaborate with colleagues across teams.
Obtaining an MBA in Management Information Systems
Southern Illinois University Edwardsville’s MBA with an MIS focus is a game-changer for professionals looking to understand AI’s far-reaching implications on machine learning and the broader business landscape. In particular, the program offers courses like Information Systems and Technology, which provides an overview of information systems and state-of-the-art information technology that’s specialized for middle-level managers. Additionally, the Quantitative Analysis course helps students understand how to use fundamental quantitative methods to formulate and solve high-priority business problems.
In as few as 12 months, students of this program graduate with an in-depth knowledge of how to implement effective AI strategies, stoke technological growth within their company, and make informed decisions that can help the company reach its goals. Equipped with insights into these areas, graduates can apply AI and ML in all their professional roles.
Learn more about Southern Illinois University Edwardsville’s Master of Business Administration with a Management Information Systems Specialization online program.
