Artificial Intelligence and Entrepreneurship in Bahrain


Khaifa K. M. , Hamdan A., Alareeni B.

International Conference on Business and Technology, ICBT 2020, İstanbul, Turkey, 14 - 15 November 2020, pp.789-800 identifier

  • Publication Type: Conference Paper / Full Text
  • Volume:
  • Doi Number: 10.1007/978-3-030-69221-6_60
  • City: İstanbul
  • Country: Turkey
  • Page Numbers: pp.789-800

Abstract

© 2021, The Author(s), under exclusive license to Springer Nature Switzerland AG.Bahrain Economic Vision 2030 is a comprehensive vision for Bahrain’s economy, which provides a clear image of the economy’s continuous development for Bahrain. Moreover, it is reflected in a substantial common goal that is represented in providing a good life for residents. The main strategy that the government of Bahrain is adopting is shifting the reliance from oil wealth to the productive, globally and competitive economy. One of the main factors to increase the diversity in the market is the existence of the Entrepreneurship, Therefore, lately Kingdome of Bahrain encouraging the privet sector by creating a clean environment to invest and provide a competitive incentive to make Bahrain ideal for entrepreneurship. Coinciding with the Fourth Industrial Revolution (4IR) to increase the efficiency of the entrepreneur’s organization is to adopt artificial intelligence whether in their process or production. The aim of this research is to define the concepts of entrepreneurship and artificial intelligence (AI), and how can artificial intelligence increase the efficiency of entrepreneurship in Bahrain. Furthermore, several case studies of (AI) and its application in various sectors in the context of business entrepreneurship. Based on academic insights, the major potential challenges are discussed that are faced by entrepreneurs while integrate Artificial intelligence (AI) into their venture process as well as the solutions are proposed to those challenges.