Tech Lords like Bill Gates and Mark Zuckerberg have both attended the MBA programs at Harvard, and current Microsoft CEO Sathya Nadella made it a point to get his MBA in addition to his electrical engineering degree. There is a great sense of legitimacy in the business community when getting one’s Master of Business Administration degree.
While an offline Master of Business Administration degree is highly prized, there are many good online MBA programs as well. After the COVID-19 pandemic, the concept of an online MBA or an online MBA program has become a lot more popular.
Many might ask, “Should I get my Master in Business administration online? That is a personal question that only you can answer for yourself. We can, however, give you the best information available so that you can make an informed decision.
Of course, a Master of Business Administration program for the 21st century should include technologies. Of course, the flow of information is crucial to the business application of 21st century technologies, and that should be factored into the focus of one’s MBA program. That is why four great technologies to focus on in business school should include the following.
1. Master Data Management
“Know thyself. Know thy enemy.” – Sun Tzu The Art of War
Even before we had computers, the flow of information was vital to success. Your data must be secure! Business is a competitive sport, often a zero-sum game with winners and losers. Managing your data is knowing yourself. Securing your data is making sure that the enemy doesn’t know you.
The right master data management solution, MDM, is the key to the castle. If you want a key you can trust, Gartner Magic Quadrant MDM is worth considering. Gartner research publications have some of the highest ratings, and the Gartner Magic Quadrant has a great design. That is why many value the opinions of Gartner.
2. Business Analytics
Business Analytics and business intelligence have become buzzwords of late. If Sun Tzu were alive today, he would say that business analytics are an important part of knowing yourself.
Business analytics and master data management actually go hand-in-hand. Once you have secured and managed that data, it’s necessary to apply that data within a business framework, especially if you want to get a competitive advantage. Business analytics and business intelligence are the application of that data within a business framework.
3. Data Analytics
Like any large body of water, the sea of information is a sea you can drown in if you aren’t careful. Some of this information is processed information for a particular purpose, and MDM is the right solution for that situation. However, when this information is raw data, the science of data analytics is vital.
As business professionals and future business leaders, you have to work with the data you have, not the data you want. A business education for the 21st century needs to prepare you to deal with a variety of organizational behavior and job conditions. You will not know who you will have to deal with and how many years of work experience they have until you are face-to-face with that person, whether that person is a supply chain manager, financial manager, financial analyst or someone from human resource management. When that happens, you’ll have to work with the information they give you, including raw data.
4. Artificial Intelligence
Artificial intelligence is a growing field with no end in sight. Its subsets, machine learning and deep learning, are changing the world as we know it for technology users. Innovations like driverless cars and smart homes are using artificial intelligence to change the global economy.
A study of artificial intelligence might one of the prerequisites for understanding many of the technologies above. Business programs need to have technology users in mind.
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