DEVELOPING A NEW BUSINESS OPPORTUNITIES VIA ARTIFICIAL INTELLIGENCE: NEW STRATEGIC MANAGEMENT MODEL

As we are living in the fourth industrial revolution era which is differentiated by the speed of technological breakthroughs, the enormous amount of data available can’t be handled by the traditional analytical methods to generate new business opportunities. This study will tackle the optimization cycle by analyzing large amounts of usable data to create business opportunities. It provides a model for using Big Data Analytics to support service innovation and design. It is also a working framework for generating a business opportunities engine. It explains artificial intelligence (AI) and its contributions to creating business opportunities from big data and how it helps in improving the strategic planning structure. The study concluded that AI and machine learning added prediction and opportunity values to business data. It also clarifies that AI enriches the experience of business suggestions not only by predicting the best business ideas but also by recommending the best personnel and companies as investors for their preferred project ideas. This study extends the vision to create a smart business operating system. This includes scoring (ideas, financial status, the existence of opportunities, etc.), advice, and intelligent links between Venture capital and start-up prospects. This process is based on a variety of market analytics assisted by several elements of the application, such as corporate social networks, Score framework, recommendation, and geolocation analyzer, and quality developers for (Quality Proposal), business experience developer, competitiveness analyzer, plan predictions and forecasting. The study has three main phases to achieve the opportunity recommendations, First: business opportunity model inputs, second: business opportunity model processing, and finally business opportunity model outputs.