Why business school must focus on data science and machine learning

We keep hearing this from all quarters: 'The world is changing rapidly'. While it's a fact, we need to understand better what these changes are, how they can affect industry, and how management education needs to prepare students for these changes. Let us look at two prominent emerging areas that are both disrupting as well as enabling businesses: data science and machine learning. It's is a vast field that transcends businesses, mathematics, statistics and computer science. This truly multidisciplinary field extracts knowledge and insights from data in various forms with the use of scientific methods, algorithms, processes and computer systems; further, it is used for business objectives.