BY Lake Sydney07 March 2022, 15:02
Commuters on a Metro-North train departing Stamford, Connecticut, USA, seen in November 2021. (Photographer: Jeenah Moon—Bloomberg/Getty Images)
What happens when technology begins to take over some of the responsibilities and decisions historically made by business leaders? It’s a question managers and leaders are asking as machine learning and artificial intelligence (AI) begin to gain prominence in areas beyond those strictly focused on technology.
“The interesting thing about AI is that it makes decisions. That’s what managers do. They make decisions,” said Prasanna Tambe, a professor at the Wharton School at the University of Pennsylvania. Fortune. “So when you start thinking about whether an AI tool is effective or not, that’s really something a manager needs to be able to do.”
As data becomes more imperative for business decisions and solutions, a growing number of business leaders are being asked to think about AI or manage AI for their organization for the first time, Tambe adds. . As a result, more and more managers and executives are turning to courses focused on data science and data analytics topics.
“This is going to be the next wave, in a sense, of training business leaders to be able to think about these downstream issues when you drop algorithms into business contexts,” says Tambe. “What does this mean for the people involved, for the shareholders, for the employees, for the customers? Not just the obvious things, but the things that present challenges.
Many schools that offer top-ranked MBA, business analytics, and data science programs offer certificate options for executives and other managerial-level leaders who don’t have time for a full education. Fortune has collected some of the courses and programs you should check out if you want to deepen your knowledge of data science and business analytics.
University of California-Berkeley (Haas)
“Data science is more important than ever in business,” says Richard Freishtat, vice president of curriculum at UC Berkeley’s Haas School of Business. Fortune. During Haas Data Science for Leadersa three-day bootcamp, business leaders take in-person classes focused on the fundamentals of data science, A/B testing and other random experiments, machine learning, defining analytics-based strategies , among other topics.
“There is no doubt that it is getting easier and easier to measure everything and analyze huge data sets. But in most organizations, the real limiting factor is leadership,” adds Freishtat. “Every leader must possess the ability to use, analyze and make sense of it all.” Participants leave the program with a certificate of completion.
University of Virginia (Darden)
In this four-day, in-person program at the University of Virginia’s Darden School of Business, leaders learn how to use data analytics to inform key business decision-making. The program focuses on forecasting, visualizing data, and learning how to use data to improve a company’s competitive advantage.
The program helps participants “step back and understand what information, or lack of information, drives our reasoning,” Cecilia Newman, chief estimator for Clark Construction and former program participant, said Darden. Participants who complete the program can use it as a credit towards a certificate in management in Darden.
University of Chicago
New data, devices, social interactions and other technological advances, as well as new artificial intelligence and machine learning technologies, are now becoming “part of doing business in nearly every industry today rather than an incremental or nice-to-have solution,” Greg Green, one of the course designers and instructors at the University of Chicago Artificial Intelligence and Data Science for Leadersrecount Fortune.
During this eight-week online program for managerial-level professionals, participants learn the basics of data science, data-driven decision-making, the future of AI, as well as ethics Datas. Managers can use this program to advance their careers in AI and data science. According to Glassdoor, tech leaders winon average, a base pay rate of $170,000 in the United States
Are you a busy executive looking for a self-paced program focused on data science? Columbia University School of Engineering, through edXoffers a Data Science for Executives professional certificate program aimed at teaching executives about the history of the field and how data science and analytics are now used in business decision-making.
Until the program gets “in the weeds of programmingbusiness leaders, managers, and healthcare professionals can walk away with fundamental skills in statistics, machine learning, and algorithms. The program consists of three courses and usually takes about five weeks to complete online. Participants receive a certificate from ColumbiaX via edX upon completion.
Through a collaboration between its schools of business, engineering and applied science, and arts and science, Harvard University offers an online business analytics certificate program for professionals with an average of 20 years of experience. ‘professional experience. the Harvard Business Analytics Program includes a mix of live virtual classes and seminars, self-directed classes, and on-campus tours. Through the case study method, lectures and group projects, participants learn to use data analysis tools and understand data mining, predictive analysis, data aggregation, blockchain analytics and artificial intelligence.
The program can be completed in nine months if taken full-time or in 18 months if taken part-time. After completing the program, you will still have access to HBAP Short Courses, Speaker Webinars, and “Tech Talks”.
University of Minnesota
“Advanced analytics, machine learning, and AI are arguably the most powerful general-purpose technologies invented since the rise of modern computing,” Ravi Bapna, Associate Dean of Executive training and Professor of the Curtis L. Carlson Chair in Business Analytics and Information Systems, tells Fortune. “Extracting value from these is imperative, but often difficult, for most businesses.”
That’s why the Carlson School of Management at the University of Minnesota offers a three-day training Business analysis for leaders course aimed at helping executives and business leaders understand how to implement data analytics to achieve their goals. Participants in this in-person program also learn about machine learning methods and how to work better with their company’s analytics and IT teams.
University of Pennsylvania (Wharton)
The Wharton School at the University of Pennsylvania offers a three-month online certification program aimed at teaching managers and other business leaders how analytics can help inform business decisions. Business Analytics: from data to information is designed for leaders in a variety of industries, including financial services, healthcare, IT services, and consulting. The program helps participants identify insights from data, improve your ability to make predictions using data, and make better data-informed decisions.
“I don’t think it’s essential for managers to know the nuts and bolts of turning data into decision,” says Tambe, “but the important thing to understand is [whether it’s] do a good job of making a decision.
Wake Forest University
Through Wake Forest University Analytics for leaders, participants focus on understanding analytical strategy, data visualization, influence, and problem definition, which teaches students how to properly ask questions to define an organizational problem. “Knowing the right questions to ask to address analytics challenges, and then being able to visualize actionable solutions, is critical to properly aligning talent and resources to maximize ROI,” said Kerry Shronts, director executive of Wake Forest Executive Training.
This program, designed for executives, leaders, managers and directors, can be taken virtually for five half-day sessions.
Leaders must “become experts at fostering data-driven teams and cultures that can produce insights that outshine their competitors and delight their customers,” Jason Burke, professor of the Fuqua School of Business course at Duke University . Create a data-driven culturerecount Fortune. In this intensive one-day course, participants learn the basics of analytics and how leaders can align analytics with business strategy.
Duke’s program is specifically for senior executives in companies who are “building their analytical skills.” Students also learn about technology planning, interpreting analytical information, and implementing analytics into existing business processes. “Data-driven cultures don’t emerge without leaders cultivating new organizational skills,” adds Burke.
No technical or statistical expertise is required to Big Data, strategic decisions: from analysis to action, hosted by the Stanford Graduate School of Business. This week-long program is geared more toward senior executives who want to learn how to use data for competitive advantage.
Half of the program is dedicated to learning about data tools and frameworks, while the rest is dedicated to a group project with a data analyst. Attendees will also focus on the future of big data, machine learning and artificial intelligence. A certificate of completion is awarded upon completion of the in-person program.
See how the schools you are considering fared FortuneRanking of the best business analytics programs, data science programs and part-time, executive, full-time, and online MBA programs.