Irrespective of the type of disaster, disaster management requires a systematic approach to mitigate, respond to, and recover from disaster. Organisations, scientists, and researchers worldwide are shifting to Artificial Intelligence (AI) to minimise the damage caused by natural events. With the growing challenges of climate instability, the influence of AI in disaster management is requisite. Artificial intelligence, with its unprecedented capabilities in predicting and preparing for disasters, along with mitigating and lessening the damage, aids in better and rapid responses to disasters. The study delves into the multi-aspect abilities of AI across the disaster management cycle, indicative of its worth from readiness to the recovery phases. The paper illustrates the groundbreaking potential of AI in disaster management, concentrating not only on its strategic implications but also on its predictive capabilities across different regions of the world. In addition to the above, the article also discusses the use cases of AI in transforming disaster management and the challenges hindering the adoption of this technology.