The broad acceptance and incorporation of artificial intelligence (AI) have significantly influenced a country's economy and human life. AI is used in industries, government, and even academic institutions to make decisions that have a direct and potential impact on lives. The integration of AI technology is a necessary step in developing intelligent manufacturing and the future smart factory. Improve diagnostic accuracy and screening time savings on business challenges are possible with artificial intelligence. This research helps to identify the superior AI technologies used in various areas, comprehend AI technologies and how they are applied, and determine AI opportunities and challenges. The deployment of AI in different sectors affects both producers and consumers. To reduce resistance of employees due to fear of technology, employers must make them aware of the usage of AI applications. One of the data challenges is a lack of quality of input data. The sharing of data and lack of trust are ethical challenges. There are challenges to the adoption of artificial intelligence all over the globe. Artificial intelligence-based start-ups face challenges due to the need for more suitable infrastructure. The increasing use of artificial intelligence can potentially change many aspects of human existence.