The number of jobs in the management sector is going to rise with the advent of Artificial Intelligence (AI), but they will require a different skill set from the present prerequisites, according to Goa Institute of Management Director Ajit Parulekar.
Contrary to the popular concern about AI causing a reduction in job opportunities, the veteran business school academician said the challenge before management institutions is to prepare new graduates for the new set of jobs that are going to be created in the near future.
"As far as management is concerned, I do think that the number of jobs that are going to be created is going to go far up and outnumber the number of jobs that are getting kind of closed up.
"Having said that, it's not the same set of people who will be able to fit in the roles. So the jobs lost will not be going to the same people as they may not have the skill set to be able to get the job," he told PTI in an interview.
Parulekar said there would be organisations looking for talent, and they will have a lot of unfilled positions because they cannot find the right kind of skill set in candidates.
He said technology is playing a big role in management education.
"Whichever aspect of business you take within whichever sector, I think tech cycles are really the ones that are making a big difference.
"So, in big technology, you have two types of technologies -- one is going to be sector-specific, which is something that doesn't affect business schools as much. And then there is data analytics, IoT, blockchain, and the digital overall space that are making a difference."
Underlining that technologies change really fast, Parulekar said, "We started a big data analytics programme in 2018. Seven years later, we realise that we need a complete revamp."
"You don't need data scientists as much today as you required seven or eight years back... So, what is really needed is more managerial implications of analytics and of AI and machine learning and a variety of things like that," he said.
Parulekar, who joined the Goa Institute of Management 25 years ago, said that while technology cuts across different disciplines and sectors, application to each is different.
"Marketing analytics is very different. Within marketing, retail analytics versus Google analytics is very different from healthcare analytics, from financial analytics, and HR analytics.
"The second part is bringing agility in students, and agility is a lifelong learning... And unless they have this ability to learn on the job, they are not going to be able to have long careers. That's something that gets embedded into the programme and is a significant part from a pedagogical standpoint, experiential learning and autonomous learning," he said.
Contrary to the popular concern about AI causing a reduction in job opportunities, the veteran business school academician said the challenge before management institutions is to prepare new graduates for the new set of jobs that are going to be created in the near future.
"As far as management is concerned, I do think that the number of jobs that are going to be created is going to go far up and outnumber the number of jobs that are getting kind of closed up.
"Having said that, it's not the same set of people who will be able to fit in the roles. So the jobs lost will not be going to the same people as they may not have the skill set to be able to get the job," he told PTI in an interview.
Parulekar said there would be organisations looking for talent, and they will have a lot of unfilled positions because they cannot find the right kind of skill set in candidates.
He said technology is playing a big role in management education.
"Whichever aspect of business you take within whichever sector, I think tech cycles are really the ones that are making a big difference.
"So, in big technology, you have two types of technologies -- one is going to be sector-specific, which is something that doesn't affect business schools as much. And then there is data analytics, IoT, blockchain, and the digital overall space that are making a difference."
Underlining that technologies change really fast, Parulekar said, "We started a big data analytics programme in 2018. Seven years later, we realise that we need a complete revamp."
"You don't need data scientists as much today as you required seven or eight years back... So, what is really needed is more managerial implications of analytics and of AI and machine learning and a variety of things like that," he said.
Parulekar, who joined the Goa Institute of Management 25 years ago, said that while technology cuts across different disciplines and sectors, application to each is different.
"Marketing analytics is very different. Within marketing, retail analytics versus Google analytics is very different from healthcare analytics, from financial analytics, and HR analytics.
"The second part is bringing agility in students, and agility is a lifelong learning... And unless they have this ability to learn on the job, they are not going to be able to have long careers. That's something that gets embedded into the programme and is a significant part from a pedagogical standpoint, experiential learning and autonomous learning," he said.
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