The Fourth Industrial Revolution is the AI Revolution A Business Prospective

The engines of the first industrial revolution were coal and steam, the second - electricity and cars, the third - computers and the Internet. The Fourth Industrial Revolution (Industry 4.0) – in a broad sense, characterizes the current trend in the enterprise business development through automation and data exchange, which includes cyber-physical systems, the Internet of Things and cloud computing. It represents a new level of organization of production and value chain management throughout the entire life cycle of products, controlled by intelligent systems in real time in a dynamic interaction with the external environment, going beyond the boundaries of one enterprise, with the prospect of combining services into a global business / industrial network. Artificial intelligence is still at the start of business development in all levels. The paper analyzes in detail the specifics of the so-called “platform” business models that have become widespread in the era of digital business transformation, and also proposes a mechanism for their comparison with traditional business models. It is shown that in a number of industries platform business models, using the latest scientific achievements, are rapidly replacing traditional ones. The paper conclusion directs a clear message to LAS (League of Arab States) to consider the importance for Arab Countries contribution to the National Strategy for Artificial Intelligence.