Tuesday, August 26, 2008

Neural Networks in business

Business is a diverted field with several general areas of specialization such as accounting or financial analysis. Almost any neural network application would fit into one business area or financial analysis. There is some potential for using neural networks for business purposes, including resource allocation and scheduling. There is also a strong potential for using neural networks for database mining that is, searching for patterns implicit within the explicitly stored information in databases. Most of the funded work in this area is classified as proprietary. Thus, it is not possible to report on the full extent of the work going on. Most work is applying neural networks, such as the Hopfield-Tank network for optimization and scheduling.

1 comment:

SD said...

Yes, Neural networks has a lot of potential it is already being used in database, check Poseidon, A schemaless database It comes packed along with Brainwave's development and deployment platform. http://www.brainwavelive.com/

-sd