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Assessing the Potential Effects of Disruptive Technologies on Business Models: A Case of Saudi Arabia

FAHD ALQAHTANI, ABDULLAH ALSHEHRI, John Mulyata Orcid Logo, Desireé Cranfield Orcid Logo

Open Journal of Business and Management, Volume: 12, Issue: 05, Pages: 3417 - 3445

Swansea University Authors: FAHD ALQAHTANI, ABDULLAH ALSHEHRI, John Mulyata Orcid Logo, Desireé Cranfield Orcid Logo

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Abstract

The aim of this study is to investigate the effects of disruptive technologies such as social media, big data, and artificial intelligence (AI) on the business models in Saudi Arabia. Thus, the study is set with the view of assessing the probable impacts of disruptive technologies and exploitation o...

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Published in: Open Journal of Business and Management
ISSN: 2329-3284 2329-3292
Published: Scientific Research Publishing, Inc. 2024
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa68399
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spelling 2025-01-13T13:00:54.9237204 v2 68399 2024-11-30 Assessing the Potential Effects of Disruptive Technologies on Business Models: A Case of Saudi Arabia c894e4f2d2a424f4cd39fbb9d89eea0c FAHD ALQAHTANI FAHD ALQAHTANI true false 6a892a592c20bbd21efa84e700150196 ABDULLAH ALSHEHRI ABDULLAH ALSHEHRI true false c9fc9e38e97a5a693c4f605e110b13dc 0000-0001-7494-9022 John Mulyata John Mulyata true false 3f8fe4194470d374d18e4738089a6ab1 0000-0002-3082-687X Desireé Cranfield Desireé Cranfield true false 2024-11-30 The aim of this study is to investigate the effects of disruptive technologies such as social media, big data, and artificial intelligence (AI) on the business models in Saudi Arabia. Thus, the study is set with the view of assessing the probable impacts of disruptive technologies and exploitation of competitive advantage by organizations. Disruptive technologies have been at the forefront of influencing business direction and strategies. Many businesses, particularly those of small or medium size, are confronted with the challenges of budgeting for digitalization, strategic plans, expansion, and other related issues. It is necessary to mount up and gallop with a strategic vision that is supported by the dynamism of the company model that is best suited. More emphasis is placed on exploring how technology can assist corporations to compete within the current existing market environment since the role of technology in assessing the performance of a firm has become relevant. While the government of Saudi Arabia has recently been implementing measures to change the orientation of the economy and shift toward the digital economy with the help of programs such as the National Transformation Program and Saudi Vision 2030, local businesses cautiously approach the implementation of new technologies as the existing market players are afraid of disruption and the costs of integration are high. The study will be significant in determining the best strategies for companies in Saudi Arabia to adopt in order to take advantage of the opportunities presented by disruptive technologies. The method of this paper is based mostly on reviews and employs a qualitative approach more prominently than quantitative methods. This paper’s findings revolve around disruptions, including artificial intelligence (AI), blockchain, and the Internet of Things (IoT), which are disruptive to Saudi Arabia’s business strategy, significantly influencing the business model. It stresses potential radical reconfigurations within commercial organizations as well as challenges like a lack of awareness and funding. Journal Article Open Journal of Business and Management 12 05 3417 3445 Scientific Research Publishing, Inc. 2329-3284 2329-3292 Disruptive, Technologies, Innovation, Saudi Arabia, Businesses 18 9 2024 2024-09-18 10.4236/ojbm.2024.125171 COLLEGE NANME COLLEGE CODE Swansea University Other 2025-01-13T13:00:54.9237204 2024-11-30T11:09:00.2654647 Faculty of Humanities and Social Sciences School of Management - Business Management FAHD ALQAHTANI 1 ABDULLAH ALSHEHRI 2 John Mulyata 0000-0001-7494-9022 3 Desireé Cranfield 0000-0002-3082-687X 4
title Assessing the Potential Effects of Disruptive Technologies on Business Models: A Case of Saudi Arabia
spellingShingle Assessing the Potential Effects of Disruptive Technologies on Business Models: A Case of Saudi Arabia
FAHD ALQAHTANI
ABDULLAH ALSHEHRI
John Mulyata
Desireé Cranfield
title_short Assessing the Potential Effects of Disruptive Technologies on Business Models: A Case of Saudi Arabia
title_full Assessing the Potential Effects of Disruptive Technologies on Business Models: A Case of Saudi Arabia
title_fullStr Assessing the Potential Effects of Disruptive Technologies on Business Models: A Case of Saudi Arabia
title_full_unstemmed Assessing the Potential Effects of Disruptive Technologies on Business Models: A Case of Saudi Arabia
title_sort Assessing the Potential Effects of Disruptive Technologies on Business Models: A Case of Saudi Arabia
author_id_str_mv c894e4f2d2a424f4cd39fbb9d89eea0c
6a892a592c20bbd21efa84e700150196
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author_id_fullname_str_mv c894e4f2d2a424f4cd39fbb9d89eea0c_***_FAHD ALQAHTANI
6a892a592c20bbd21efa84e700150196_***_ABDULLAH ALSHEHRI
c9fc9e38e97a5a693c4f605e110b13dc_***_John Mulyata
3f8fe4194470d374d18e4738089a6ab1_***_Desireé Cranfield
author FAHD ALQAHTANI
ABDULLAH ALSHEHRI
John Mulyata
Desireé Cranfield
author2 FAHD ALQAHTANI
ABDULLAH ALSHEHRI
John Mulyata
Desireé Cranfield
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publishDate 2024
institution Swansea University
issn 2329-3284
2329-3292
doi_str_mv 10.4236/ojbm.2024.125171
publisher Scientific Research Publishing, Inc.
college_str Faculty of Humanities and Social Sciences
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hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Business Management{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Business Management
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description The aim of this study is to investigate the effects of disruptive technologies such as social media, big data, and artificial intelligence (AI) on the business models in Saudi Arabia. Thus, the study is set with the view of assessing the probable impacts of disruptive technologies and exploitation of competitive advantage by organizations. Disruptive technologies have been at the forefront of influencing business direction and strategies. Many businesses, particularly those of small or medium size, are confronted with the challenges of budgeting for digitalization, strategic plans, expansion, and other related issues. It is necessary to mount up and gallop with a strategic vision that is supported by the dynamism of the company model that is best suited. More emphasis is placed on exploring how technology can assist corporations to compete within the current existing market environment since the role of technology in assessing the performance of a firm has become relevant. While the government of Saudi Arabia has recently been implementing measures to change the orientation of the economy and shift toward the digital economy with the help of programs such as the National Transformation Program and Saudi Vision 2030, local businesses cautiously approach the implementation of new technologies as the existing market players are afraid of disruption and the costs of integration are high. The study will be significant in determining the best strategies for companies in Saudi Arabia to adopt in order to take advantage of the opportunities presented by disruptive technologies. The method of this paper is based mostly on reviews and employs a qualitative approach more prominently than quantitative methods. This paper’s findings revolve around disruptions, including artificial intelligence (AI), blockchain, and the Internet of Things (IoT), which are disruptive to Saudi Arabia’s business strategy, significantly influencing the business model. It stresses potential radical reconfigurations within commercial organizations as well as challenges like a lack of awareness and funding.
published_date 2024-09-18T05:41:17Z
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