American Journal of Business and Operations Research AJBOR 2692-2967 2770-0216 10.54216/AJBOR https://www.americaspg.com/journals/show/1090 2018 2018 Department of Mathematics, Faculty of Science, Damietta University, New Damietta, Egypt Abdelaziz Darwiesh Department of Computer Science, Faculty of Computers and Artificial Intelligence, Damietta University, New Damietta, Egypt A.H. El .. Department of Mathematics, Faculty of Science, Damietta University, New Damietta, Egypt A.M.K. Tarabia University of Sharjah, Sharjah, UAE Mohamed Elhoseny This paper provides a quick review about business intelligence approaches and techniques in risk management. The important research articles from 2007 to 2021 are involved in this review. We found a little contribution from researchers in this research direction, however the vital role of business intelligence in risk management. Moreover, we provide a novel business approach for risk management.  This approach includes deploying the trendiest techniques in this era which are social media and big data analysis. Social media represents the source of identifying risks through the discussions of social media users as well as big data analysis techniques which represent the control tool for potential risks. The new approach will help firms and organizations in many sectors to manage risks efficiently and make the best decisions. Further, we provide the challenges of the new framework and the further research points.  2022 2022 16 27 10.54216/AJBOR.060202 https://www.americaspg.com/articleinfo/1/show/1090