Emerging Business Opportunities Based-On Venture Capital Investment Data in the Fourth Industrial Revolution

This study aims to propose a methodology for identifying new business opportunities in the fourth industrial revolution. The methodology uses the co-word network analysis approach to analyze the network centralities of keywords of the fourth industrial revolution and association analysis to explore new business opportunities in venture capital firms' investment datasets. Specifically, this study analyzes 1,049 papers related to the fourth industrial revolution published in 2013-2018 and the data on a total of 12,361 venture capital transactions from S&P Capital IQ in 2017-2018. The proposed methodology takes into account the number and size of investments, as well as the association with the fourth industrial revolution for each transaction.