The Role of Artificial Intelligence in Industry 4.0 and Smart City Development

Transition is the reconstruction of the field from new fundamentals which changes the field’s common elementary theoretical concepts along with methods and applications. During transition, there will be the partial overlap between existing and new paradigms due to decisive differences. Artificial intelligence and Internet of things are unlocking the huge opportunities due to its advancements, especially in relation to smart city and its development. Artificial intelligence signifies the era of evolution in science and technology. Nowadays, the tasks which were once performed manually by human beings have been overtaken by artificial intelligence. Sixty-two percentage of enterprises will be using AI by 2018 as conformed by Narrative Science. Many researchers have quoted the opinion that artificial intelligence may have the impact more than Industrial Revolution on overall world. In this paper, it is tried to focus on industrial and economic development trend due to advancements in the urban scenario. It is tried to consolidate the fact knowledge related to technological advancements across the world. The fundamental concepts of artificial intelligence and Internet of things as a game changer are tried to extract in order to understand their suitability for proper implementation of smart city concept.