SummaryThe manifold increase in the number of cellular wireless network consumers has presented a monumental challenge to upgrade the current infrastructure for imparting superior throughput and good quality of service. End‐users of the network will want super high‐speed data with very low latency, as well as secure and with a lower packet data drop rate. Joint coordination between various network resources such as that of a dense heterogeneous network is crucial for achieving the above demands. It is also inevitable that such a dense arrangement of small cells or macro cells or other network equipment will be challenged by different forms of interference apart from being costly and less mobile. Beamforming is among the most advanced technology that is available up to date which has shown good results at handling interference and at guiding transmitted data to the desired end‐user. It is quite useful but also struggles from certain factors when deployed in a dense network. A thorough review of recent works of literature is detailed in the current paper with a focus placed on two major fields, which are interference mitigation techniques and gainful interference exploitation techniques. Some highly advanced interference mitigation techniques which are either developed or under development with their merits have been proposed. Most of these techniques use machine learning and artificial intelligence‐based methods to ensure the best quality of service (QoS) to every individual connected to the network. However some research works focused on negating away any kind of interference present in a signal, some focused on harnessing interference for optimizing the power of transmitted signals.