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AI’s Impact on Education and Work: Insights from an MBA Perspective

Date

10/07/2024

A key driver of the Fourth Industrial Revolution, AI is enabling rapid advancements through increased automation and connectivity — fundamentally transforming how industries operate.

With its ability to create systematic efficiencies and open new opportunities for growth, it is unsurprising that the rise of AI technology has been rapid. Few, however, could have predicted that global spending on these technologies, which was $37.5 billion in 2019, could potentially increase almost tenfold to $300 billion by 2026, with projections that this will add 14 percent to worldwide GDP by 2030.

The United Arab Emirates (UAE) has been preparing for this monumental industrial and technological advancement since 2019. The Strategy for Artificial Intelligence 2031 positions the UAE as a global leader in artificial intelligence. It also outlines plans to develop an integrated system that employs artificial intelligence in vital areas in the UAE. In support of AI technologies in the UAE, the Abu Dhabi Investment Office (ADIO) also offers financial incentives and regulatory support, attracting some of the world’s most exceptional AI talent and leading enterprises.

Advancing AI Research and Education in the UAE

The availability of specialized education and training in Artificial Intelligence in the UAE is considered of national importance. The National Program for Artificial Intelligence outlines various initiatives, collaborations, partnerships, and breakthroughs in the field of AI. Key initiatives include a local degree in AI, an internship program with a major global technology company to train 500 Emirati students, summer and spring camps designed to empower students and government executives to lead in AI, and a one-year training program for government employees focused on upskilling to effectively integrate AI into their professional environments.

AI in the Work Environment in the UAE

The establishment of the UAE as a global AI hub and center of excellence offers MBA graduates in the Emirates a range of interesting career opportunities.

In line with industry needs, developing professionals with an understanding of AI strategy, data analytics, business innovation, and finance will be in increasing demand as the sector grows. This demand is set to translate into roles in strategy development, project management, data analysis, and business intelligence.

AI is an exceptional technology and transformational tool, and MBA graduates will play a pivotal role when it comes to delivering strategy, management, and leadership for AI-focused business in the future.

AI Companies in the UAE

Due to the preferential business incentives offered by the UAE government, a significant number of AI enterprises are establishing their headquarters in the Emirates. This creates a positive environment for post-graduate career opportunities for MBA graduates.

Some of the AI companies in the Emirates include:

  • G42: Headquartered in Abu Dhabi, G42 leads in AI and cloud computing, developing solutions across healthcare, finance, energy, and public services. Collaborating with Microsoft, they enhance global AI capabilities.
  • Saal.ai: Also based in Abu Dhabi, Saal.ai specializes in cognitive AI solutions for healthcare and finance — key growth sectors.
  • Inception: Operates at the intersection of academic, research, business, and regulatory domains to unlock synergies, foster collaboration, and accelerate the commercialization of responsible AI across industries.

MBA graduates that are interested in exploring careers in the AI sector can also review the UAE’s Artificial Intelligence and Coding License initiative. This encourages AI investments and provides information about AI companies operating in the region.

MBAs and AI in the UAE

Master of Business Administration programs are increasingly designed to prepare students for roles in the AI-driven business landscape.

Programs typically include core courses, experiential internships, and electives that allow students to specialize in key areas, many of which are relevant to AI and its use in industry. MBA specializations are particularly important for those seeking careers in AI. Advanced learning in business analytics, technology, innovation, and entrepreneurship is highly beneficial.

Business analytics focuses on data-driven decision-making, equipping students with the ability to interpret complex data sets and extract actionable insights. Technology and innovation specializations prepare students to lead technological advances, developing skills in managing AI-driven projects and initiatives. Additionally, electives such as AI in Finance can provide in-depth knowledge for those that want to enter the financial sector, where technology applications of this kind are being rapidly deployed.

In conclusion, an MBA program in UAE tailored to the evolving demands of the AI landscape not only equips students with foundational business knowledge. It also offers specialized skills necessary for leadership roles in AI and technology-driven industries.

A One-year Full-time MBA Program in Abu Dhabi

The UAE’s strategic emphasis on technological advancements and educational initiatives has created a dynamic business environment where both private industry and government entities can evolve and advance sustainably. As a result, pursuing an MBA in Abu Dhabi provides graduates with a unique opportunity to experience firsthand how cutting-edge technologies, including AI, can transform business operations and management practices.

For MBA students planning careers in tech-focused sectors, the Stern at NYUAD One-Year Full-Time MBA Program, starting in January 2025, offers a comprehensive curriculum designed to develop the essential skills needed for success. The program includes a robust core curriculum and specializations in Business Analytics, Finance, Leadership, Management and Strategy, Marketing, and Technology, Innovation, and Entrepreneurship. It also provides internship opportunities, ensuring graduates gain both theoretical knowledge and practical experience to support career development.

To learn more about the Stern at NYUAD One-Year Full-Time MBA Program, please contact a member of the Stern at NYU Abu Dhabi MBA admissions team, available from 9:00 AM to 5:00 PM in both Abu Dhabi and New York time zones.

Contact Us:
Phone: +971 262 88777
Email: sternnyuad.mba@stern.nyu.edu

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