Machine Learning (ML) furnishes the ability of insights on automatic recognizing patterns and determining the prediction models for the structured and unstructured data even in the absence of explicit programming instructions. Today, the impact of Artificial Intelligence (AI) has grown up to several heights, ranging from Life sciences to the Management techniques. The integration of ML led to reduce or eliminate the errors in the prediction, classification and simulation models. The objective of the paper is to represent the ML objectives, explore the various ML techniques and algorithms with its applications in the various fields.