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Defination:-Neural Netrworks are considered to be a prominent component
of futuristic Artificial Intel igence. Currently the phrase Neural networks is
synonymous with Artificial Neural Networks (ANNs) whose working concept
is similar to that of Human Nervous System and hence the name.In Human
body, Neural Networks are the building blocks of the Nervous System which
controls and coordinates the different human activities.Neural network
consists of a group of neurons (nerve cel s) interconnected with each other
to carry out a specific function. Each neuron or a nerve cel is constituted by
a cel body cal Cyton and a fiber cal ed Axon.
Neural Networks in Real Time Applications:-Wherever a relationship
between a set of independent inputs (PREDICTORS) and dependent
outputs (PREDICTED VARIABLES) exists, there the neural networks find a
wide range of implementations.Some of the real time applications of neural
networks include:
1.Monitoring and Detection of various medical phenomena like Heart rate,
blood pressure, respiration rate, etc
2.Predictions for fluctuations in Stock Market based on several factors like
past data, economic factors, etc.
3.Banking activities like validation of a customer, disbursement of a loan,
etc.
4.In Industrial Monitoring of conditions of equipments.
5.Sensor based applications
6.Sales Forecasting
7.Industrial Process Control
8.Customer Research
9.Risk Management
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