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The Whale Optimization Algorithm (WOA) is an efficient meta-heuristic algorithm inspired by the feeding behavior of whales. Although it has successfully solved many optimization problems, it still suffers from premature convergence and poor accuracy when solving complex problems. To address these issues, this paper proposes an improved whale optimization algorithm called EIWOA to improve the search efficiency and accuracy. First, we introduce a new global search mechanism and encircling prey strategy in EIWOA, which utilizes differential evolution, and sine-cosine search strategy to improve the global search efficiency and avoid premature convergence. Second, we use a lévy flight-based spiral update position strategy to improve the local search efficiency of the algorithm, thus improving the convergence speed and accuracy. Again, we introduce a balancing factor with fluctuating decay properties into EIWOA to better balance exploration and exploitation. Finally, we introduce a dynamic opposite learning-based whale-fall strategy in EIWOA to equip the algorithm with the ability to jump out of the local optimum. The qualitative analysis of the algorithm shows that the EIWOA algorithm converges quickly, is highly accurate, and has the ability to jump out of the local optimum. In order to validate the performance of the proposed EIWOA algorithm, we evaluated the algorithm on CEC2017 benchmark function and four real world engineering problems. We also conduct a comparative study of the EIWOA algorithm with EWOA, an excellent variant of WOA, as well as some excellent meta-heuristics developed recently. The results of numerical experiments demonstrate the superiority of the proposed EIWOA, which is further confirmed statistically by the results of Friedman's test and Wilcoxon signed rank test. The proposed EIWOA algorithm is significantly better than WOA and other competing algorithms in terms of convergence speed, accuracy and optimization ability in dealing with complex optimization problems. [ABSTRACT FROM AUTHOR]