Application of Neural Network

1. Every new technology need assistance from previous one i.e. data from previous ones and these data
are analyzed so that every pros and cons should be studied correctly . All of these things are possible
only through the help of neural network.

2. Neural network is suitable for the research on Animal behavior, predator/prey relationships and
population cycles .

3. It would be easier to do proper valuation of property, buildings, automobiles, machinery etc. with the
help of neural network.

4. Neural Network can be used in betting on horse races, sporting events and most importantly in stock
market .

5. It can be used to predict the correct judgement for any crime by using a large data of crime details as
input and the resulting sentences as output.

6. By analyzing data and determining which of the data has any fault ( files diverging from peers ) called
as Data mining, cleaning and validation can be achieved through neural network.

7. Neural Network can be used to predict targets with the help of echo patterns we get from sonar,
radar, seismic and magnetic instruments .

8. It can be used efficiently in Employee hiring so that any company can hire right employee depending
upon the skills the employee has and what should be it’s productivity in future .

9. It has a large application in Medical Research .

10. It can be used to for Fraud Detection regarding credit cards , insurance or taxes by analyzing the past
records .

There are many things computers can do better than humans—calculate square roots or retrieve a
web page instantaneously—but our incredible brains are still a step ahead when it comes to common
sense, inspiration and imagination. Inspired by the structure of the brain, artificial neural networks
(ANN) are the answer to making computers more human like and help machines reason more like
humans.

What are artificial neural networks (ANN)?

Human brains interpret the context of real-world situations in a way that computers can’t. Neural
networks were first developed in the 1950s to address this issue. An artificial neural network is an
attempt to simulate the network of neurons that make up a human brain so that the computer will be
able to learn things and make decisions in a humanlike manner. ANNs are created by programming
regular computers to behave as though they are interconnected brain cells.

How do artificial neural networks work?

Artificial neural networks use different layers of mathematical processing to make sense of the
information it’s fed. Typically, an artificial neural network has anywhere from dozens to millions of
artificial neurons—called units—arranged in a series of layers. The input layer receives various forms
of information from the outside world. This is the data that the network aims to process or learn
about. From the input unit, the data goes through one or more hidden units. The hidden unit’s job is
to transform the input into something the output unit can use.

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The majority of neural networks are fully connected from one layer to another. These connections
are weighted; the higher the number the greater influence one unit has on another, similar to a
human brain. As the data goes through each unit the network is learning more about the data. On the
other side of the network is the output units, and this is where the network responds to the data that
it was given and processed.

Cognitive neuroscientists have learned a tremendous amount about the human brain since computer
scientists first attempted the original artificial neural network. One of the things they learned is that
different parts of the brain are responsible for processing different aspects of information and these
parts are arranged hierarchically. So, input comes into the brain and each level of neurons provide
insight and then the information gets passed on to the next, more senior level. That’s precisely the
mechanism that ANNs are trying to replicate.

In order for ANNs to learn, they need to have a tremendous amount of information thrown at them
called a training set. When you are trying to teach an ANN how to differentiate a cat from dog, the
training set would provide thousands of images tagged as a dog so the network would begin to learn.
Once it has been trained with the significant amount of data, it will try to classify future data based
on what it thinks it’s seeing (or hearing, depending on the data set) throughout the different units.
During the training period, the machine’s output is compared to the human- provided description of
what should be observed. If they are the same, the machine is validated. If it’s incorrect, it uses back
propagation to adjust its learning—going back through the layers to tweak the mathematical
equation. Known as deep learning, this is what makes a network intelligent.

What are artificial neural networks used for?

There are several ways artificial neural networks can be deployed including to classify information,
predict outcomes and cluster data. As the networks process and learn from data they can classify a
given data set into a predefined class, it can be trained to predict outputs that are expected from a
given input and can identify a special feature of data to then classify the data by that special feature.
Google uses a 30-layered neural network to power Google Photos as well as to power its “watch next”
recommendations for YouTube videos. Facebook uses artificial neural networks for its DeepFace
algorithm, which can recognize specific faces with 97% accuracy. It’s also an ANN that powers
Skype’s ability to do translations in real-time.

Computers have the ability to understand the world around them in a very human-like manner
thanks to the power of artificial neural networks.