Text classification, an essential process in digitizing modern industries, involves organizing text into specific groups by assigning labels or classes. This technique automates various business processes, including customer support and sentiment analysis, and has evolved from traditional machine learning models requiring large data sets to Large Language Models (LLMs) that need only a few examples for training. Text classification's scalability and accuracy in extracting specific information make it a fast and cost-effective solution for handling large volumes of textual data, enabling companies to automate processes and gain actionable insights for better decision-making. The field has seen significant advancements with the adoption of deep learning models and techniques like transfer learning, data augmentation, and zero-shot classification, which have improved performance and efficiency. Keeping up with these innovations is crucial for those working in artificial intelligence, as the landscape of text classification continues to evolve rapidly.