Artificial Neural Network

For Prelims: Artificial Neural Network , Big Data, Machine Learning, Cloud Computing, Technology.

For Mains: IT & Computers, Artificial Neural Network , Its Significance and Limitations.

Recently, the global Artificial Neural Network (ANN) Market report was published.

It is an information bank that delivers comprehensive information about the market ranging from the establishment to the predictable growth trend.
As per the current report, ANN Market to Set Phenomenal Growth from 2021 to 2028.

It is a vital subset of machine learning that helps computer scientists in their work on complex tasks, such as, strategizing, making predictions, and recognizing trends.
- It is a computational model that mimics the way nerve cells work in the human brain. It is designed to simulate the way the human brain analyzes and processes information.
It is not like other machine learning algorithms that crunch numbers or organise data, it is an algorithm that learns from experience and repeated tasks performed by its users.
It is also known as a Neural Network (NN). ANN is a computational model based on the functions and structure of biological neural networks.
Information that runs through the network affects the structure of the artificial neural network due to the fact that a neural network learns or changes based on the input and output.
NNs are fed massive volumes of data in the beginning phases. In most cases, training is done by providing input and informing the network about what should be the output.
- Many smartphone makers, for example, have recently integrated facial recognition technology.

Rapid digitization is anticipated to boost the deployment of artificial neural network platforms. Furthermore, an extensively used application of artificial neural networks is in the field of predictive analytics.
Predicting consumer behaviour and sales forecasting are expected to drive the artificial neural network market during the forecast period.
ANN helps marketers predict the outcome of a campaign by recognizing the trends from previous marketing campaigns.
- While neural networks have been available for a while, it is mainly the recent emergence of Big Data that has made this technology extremely useful in the field of marketing.
- Cloud computing also provided enormous computing resources that are needed for ANNs to “work through” massive volumes of data.

One of the most significant technological hurdles is the time it takes to train networks, which frequently demand an acceptable level of computational power for even complex tasks.
The second factor to consider is that neural networks are computer systems in which the user categorises the trained data and gets responses. They have the ability to fine-tune the responses, but they do not have access to the specific decision-making process.

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