Author: Daniel Kim
Overview:
This article aims to explore the integration of STEM into the business field. Within various areas of business management, this report reflects the benefits and challenges of incorporating STEM into business. This article reviews examples illustrating the trend of STEM integration into business operations via automation and data analysis. This article discusses the impact of STEM embodiment in the business industry and its potential impact on the evolution of the general landscape.
Introduction to STEM:
Science, Technology, Engineering, and Mathematics (STEM) studies have deeply penetrated today’s rapidly advancing world as fundamental drivers of human innovation, boosting various industries to their maximum potential and efficiency (Xu, 2022). STEM’s impact on the field of business cannot be understated. As STEM encompasses a broad range of disciplines that act as pivotal mechanics in various sectors, STEM proves to be a subject that warrants deeper heed. The methodologies of how businesses integrate STEM are vast and ever-expanding since modern technologies seem to have no end to their capacities. The intrinsic desire to constantly seek innovative solutions and improvements, added by the widespread availability of tools for public use, allows technology to unfailingly advance upon what exists.
Impact of STEM:
To delve into the foundation of STEM and its definition, STEM is an interdisciplinary study that merges one’s scientific, technological, engineering, and mathematical skills. STEM’s foundation lies in its teaching of critical thinking and innovation, which promotes a plethora of benefits in both personal and professional contexts. Examples of STEM-derived technologies include automation in machinery, the discovery of 3D printing technology, the development of eco-friendly mechanics that consume renewable energy, and the growth of artificial intelligence (AI) (ed.gov, n.d). The extensive portions of revolutionary innovations reflect the disciplines of STEM, illustrating how embracing the principles of STEM fosters benefits for both the personal and the general well-being of society. Evolutions come from leveraging the philosophies of STEM.
STEM within Business:
STEM exists in all processes of business management. From business setup to product delivery, the extent to which STEM aids a business is second to none (Britannica, 1998). STEM possesses a versatile range of products. STEM can be the referral of a mindset of pursuing innovation and can also be machinery that physically helps a business enhance the efficiency of their work. STEM's complex nature allows it to disperse in almost every aspect of the business industry.
AI, which recently struck the world with its unparalleled evolution, proves a hot subject within the recent STEM industry. Having what seems like an infinite potential, the pinnacle of the modern world’s STEM engineering is being integrated into our society now more than ever. This trend is no exception to the business field. AI tools are deeply intertwined with many businesses’ service and data interpretation systems, allowing companies to provide peak services through state-of-the-art technology. In this sense, artificial intelligence exemplifies how STEM pierced our society and its industries.
STEM’s Impact on a Larger Scale:
Works of STEM can be found in all aspects of the newly revolutionized business world. The innovations STEM has brought to the industry are exceptional, and the potential of STEM will never cease, as STEM will always have the potential to innovate the world. The demand for STEM operations is increasing, and that is for a reason. In the flexible world of today, STEM will continue to provide a competitive advantage to businesses that integrate its technology and ideology into its system, allowing businesses to expand and operate with maximum efficiency. STEM is the ultimate pinnacle of knowledge and innovation, shaping our world into a bright future.
References:
Science, Technology, Engineering, and Math, including Computer Science | U.S. Department of Education. (n.d.). www.ed.gov/stem.
Team, G. (2021, December 15). How STEM education drives business innovation. Geotab. www.geotab.com/blog/stem-education/.
Technologists and Technicians STEM Occupations. (2018). onetonline.org. Retrieved August 7, 2023, from https://www.onetonline.org/find/stem?t=2
The Editors of Encyclopaedia Britannica. (1998, July 20). STEM | Description, Facts, & Types. Encyclopedia Britannica. www.britannica.com/science/stem-plant.
Xu, W., & Ouyang, F. (2022). The application of AI technologies in STEM education: a systematic review from 2011 to 2021. International Journal of STEM Education, 9(1). doi.org/10.1186/s40594-022-00377-5.
All The Major STEM Programs At U.S. Business Schools. finance.yahoo.com/news/major-stem-programs-u-business-222456865.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFsXqXOJjUWZcmiV2xYhi9IokNMf4rcCPlP4kiUEBw1qsCaFpFN_UJ_A7lJEILfCbBKLQzPtBO-FbCs_eejcxspbM0xS1b7Ddtgzns6g4qz_p4pcH7NkfWtf4IF_TzPf8soqEAYgMxPzXNpCHb5Qu5er8L8-kgAyoDDEBDSFfJdP
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