IIM Ranchi Revolutionizes Management Education with AI-Powered Assessments

IIM Ranchi's innovative WAI initiative replaces traditional mid-term exams with AI-driven business problem-solving projects. This radical approach aligns management education with modern business demands, fostering practical experience in human-AI collaboration. While retaining end-term exams, it emphasizes a balanced educational framework integrating foundational knowledge and technology skills.

In a landmark decision that could redefine management education, IIM Ranchi has unveiled an innovative approach by replacing its mid-term exams with AI-driven business projects. Dubbed 'WAI' (Working with AI), this initiative ushers in a new era of educational assessment at the institution.

According to Director Deepak Srivastava, this shift addresses the growing disconnect between traditional theoretical learning and the dynamic demands of the modern business ecosystem. The WAI initiative integrates artificial intelligence into the curriculum, enabling students to collaboratively engage with AI systems to address real-world business challenges.

While mid-term assessments undergo this revolutionary change, the institute will continue to conduct traditional hall-based exams for end-term evaluations, ensuring a holistic assessment system that balances academic knowledge with practical technological competencies.

(With inputs from agencies.)