Tuesday, August 26, 2008

Applications of neural networks

Neural Networks in Practice:
Given this description of neural networks and how they work, what real world applications are they suited for? Neural networks have broad applicability to real world business problems. In fact, they have already been successfully applied in many industries.
Since neural networks are best at identifying patterns or trends in data, they are well suited for prediction or forecasting needs including:

Sales forecasting.
Industrial process control.
Customer research.
Data validation.
Risk management.
Target marketing.

But to give you some more specific examples; ANN are also used in the following specific paradigms: recognition of speakers in communications; diagnosis of hepatitis; recovery of telecommunications from faulty software; interpretation of multimeaning Chinese words; undersea mine detection; texture analysis; three-dimensional object recognition; hand-written word recognition; and facial recognition.

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