Artificial intelligence and industrial applications-A revolution in modern industries

AI as a 4.0 industrial revolution is increasingly bringing smart solutions to humans. AI brings benefits in terms of reduced energy consumption, induced cost-effectiveness, reduced operational risks, and increased performance matrices. The review will elaborate on how AI is revolutionizing various industries, including food, drug discovery, e-commerce, and chemical industries, by offering smart solutions. Resulting in reduced energy consumption, enhanced cost-effectiveness, mitigated operational risks, and improved performance metrics. Additionally, the results section will also elaborate on AI applications extended beyond these major sectors into numerous others, such as cosmetics, tourism, automobile, mechanical, environmental management, gaming, textile, entertainment, and enzymatic design industries. The integration of AI facilitates efficient structuring, administration, design, productivity, manufacturing, promotion, and accessibility of industrial products. However, its utilization remains under-regulated and predominantly limited to modernized economies, necessitating broader integration across small-scale, medium-scale, and large-scale industries in both developing and developed countries. Collaboration among academics, researchers, industrialists, economists, administrative personnel, technologists, and environmentalists is crucial to foster a more sustainable, energy-efficient, economically viable, and safe integration of AI across various industries worldwide.