There is fast transition to AI-based intelligence machine systems. Management graduates will have to cope with the demands of Industrial Revolution 4.0 (IR 4.0). Business models are being reassessed in view of the changes expected to be brought about by AI. There is going to be a churn in manpower due to increasing automation.

Human role will have constraints. Human beings and AI will have to co-exist — AI systems will be co-workers, enablers and supervisors. There is a difference between human beings and machines — that of soft skills and emotional intelligence. The role of humans begin where soft skills are required, and that is the point where the role of machines end.

Such man-machine systems could be chaotic, and managers have to deal with the chaos. It is going to be a period of volatility, ambiguity and complexity. What is required is inter-disciplinary knowledge. Managers must understand the business and how AI works so as to blend them together meaningfully.

Let us call it management by algorithm where AI is learnt to further the goals of business. AI-based curriculum would be a common thing. Even the selection process would be adapted to such future skills.