In recent years, the field of artificial intelligence has been widely utilized by individuals and organizations. Artificial intelligence is one of the branches of computer science in building smart machines to perform tasks as human intelligence. In order to perceive the impact of the AI system, it is significant to learn from the previous actions, as well as to predict its future directions and ethical, potential legal implications. Due to the enhanced accuracy and the sophistication characteristics of AI systems, it has become a fascinating technique in real-time applications such as finance, manufacturing, education, pharmaceuticals, transport, recognition system, spam and malware filers, self-driving cars, recommender system, industrial robots, and predictive maintenance. Also, it provides a precise and optimal solution to business-related problems by exploiting the techniques such as heuristics, Neural networks, and Hidden Markov Model (HMM). Nowadays, artificial intelligence models have integrated with different tools and techniques to develop the new advancements in the current real-world technologies for individual and business organizations.