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The Impacts of Innovation Attribute, Business Environment, and Risk Management on the Artificial Intelligence Investment Decision in Oman?s Hydrocarbons Industry

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dc.citedby0
dc.contributor.authorAl-Haji Y.K.en_US
dc.contributor.authorBte. Bakar S.en_US
dc.contributor.authorid58922265000en_US
dc.contributor.authorid59328278800en_US
dc.date.accessioned2025-03-03T07:46:36Z
dc.date.available2025-03-03T07:46:36Z
dc.date.issued2024
dc.description.abstractArtificial intelligence (AI) has become a pioneering technology in the new era for the hydrocarbon industry across the globe. The objective of this study was to assess the effects of innovation attributes, business environment, and risk management on AI investment decision in Oman?s hydrocarbon industry. This study is a quantitative study using a questionnaire addressed to employees of Oman?s hydrocarbons industry with a total of 367 respondents. Hypotheses were tested using the Smart PLS 4.0 statistical tool. The results showed that relative advantage of innovation attribute of AI has a significant positive relationship with AI investment decision (coefficient = 0.09, p < 0.05). The relationship between the compatibility of the innovation attribute of AI and AI investment decision was significant (coefficient = 0.12, p < 0.05). The observability of the innovation attribute of AI has no significant relationship with AI investment decision (coefficient = 0.04, p > 0.05). Government factors (coefficient = 0.13, p < 0.05), knowledge capability (coefficient = 0.16, p < 0.05), risk management (coefficient = 0.14, p < 0.05), and economic instability (coefficient = -0.12, p < 0.05), have a significant relationship with AI investment decision. Management structure has a significant positive relationship with AI investment decision (coefficient = 0.14, p < 0.05). There is no relationship between physical facilities? unobtainability and AI investment decision. The conclusion is that the following factors have a significant relationship with AI investment decision, namely: relative advantage and compatibility of innovation attributes of AI, government and economic factors, knowledge capability, risk management, and management structure. ? (2024), (Elite Scientific Publications). All rights reserved.en_US
dc.description.natureFinalen_US
dc.identifier.doi10.57239/PJLSS-2024-22.2.00250
dc.identifier.epage3419
dc.identifier.issue2
dc.identifier.scopus2-s2.0-85203999143
dc.identifier.spage3404
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85203999143&doi=10.57239%2fPJLSS-2024-22.2.00250&partnerID=40&md5=7c734fe6893e4cb9e91443f6f121f8e8
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/37012
dc.identifier.volume22
dc.pagecount15
dc.publisherElite Scientific Publicationsen_US
dc.sourceScopus
dc.sourcetitlePakistan Journal of Life and Social Sciences
dc.titleThe Impacts of Innovation Attribute, Business Environment, and Risk Management on the Artificial Intelligence Investment Decision in Oman?s Hydrocarbons Industryen_US
dc.typeArticleen_US
dspace.entity.typePublication
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