Conclusion

The computing world has a lot to gain from neural networks. Their ability to learn by example makes them very flexible and powerful. Furthermore there is no need to devise an algorithm in order to perform a specific task; i.e. there is no need to understand the internal mechanisms of that task. They are also very well suited for real time systems because of their fast response and computational times which are due to their parallel architecture.

Neural networks also contribute to other areas of research such as neurology and psychology. They are regularly used to model parts of living organisms and to investigate the internal mechanisms of the brain.

Perhaps the most exciting aspect of neural networks is the possibility that some day 'consious' networks might be produced. There is a number of scientists arguing that consciousness’ is a 'mechanical' property and that 'consious' neural networks are a realistic possibility.
Finally, I would like to state that even though neural networks have a huge potential we will only get the best of them when they are integrated with computing, AI, fuzzy logic and related subjects.