Announced at an event in Hyderabad, the partnership will bring a new AI Digital Lab and a new program for CXOs called ‘Leading Business Transformation in the Age of AI’.
“AI is a gamechanger to drive new business models and transform today’s businesses and workplaces. With this coming together of ISB and Microsoft, it is a unique opportunity to increase the innovation with AI in business,” said Anant Maheshwari, President, Microsoft India.
“Our new partnership with ISB will empower business leaders to increase their tech intensity and do more with AI.”
AI is becoming a part of every industry today. It can outperform human decision making when it comes to algorithms and large amounts of data. The companies that adopt this technology faster and use it effectively are very likely to be the winners.
Sooner or later, it will become crucial for every CXO to use AI and make better business decisions. In India, the lack of a coherent AI-strategy is among the top 3 challenges for the CXOs, as per a recent Microsoft-IDC study. This impacts the growth of their businesses.
Microsoft will address this with the help of its new executive program—Leading Business Transformation in the age of AI. In collaboration with ISB, Microsoft will launch it next month. As part of this program, the CXOs will get tools and strategies that can help them make their businesses AI-driven.
It will be a 3-day non-tech program under the purview of Microsoft’s online AI Business School. The program will offer practical and actionable insights and guidance for developing the AI strategies from scratch.
“Business Schools are attempting to redefine management education by making it more future-ready and relevant for opportunities and challenges that businesses will face in the future. Transforming organizations guided by Artificial Intelligence and augmented by frameworks integrating analytics with human behavior and management issues will be an important imperative for business leaders,” said Professor Rajendra Srivastava, Dean, Indian School of Business and the Novartis Professor of Marketing Strategy and Innovation.
“Our collaboration with Microsoft India will enable us to use AI to understand new phenomena that are relevant for business as well as policy and subsequently disseminate the knowledge to business leaders who will need to transform their businesses through artificial intelligence to compete effectively,” he added.
Whereas, the new AI Digital Lab will enable the Indian School of Business (ISB) to research on how AI and machine learning can be used to address the issues relevant to Business and Policy.
The new lab will be powered by PlatiFi technologies (a Microsoft Partner) and supported by Microsoft with infrastructure and access to cloud and AI tools.