ANN-A business perspective

The Artificial Neural
Networks:
Introduction
Artificial Neural Networks
ANNs) are computation
paradigms, in simple terms
-computer based software
systems, which implement
simplified models of their
bio logical counter parts
i.e. the biological neural
networks. They can be
created and trained to
analyze data to recognize
trends based on
observation data,
immense applications exist
in the financial,
manufacturing, marketing,
telecommunications,
biomedical, and other
domains.
This essay would not delve
into the technicalities
instead, will adopt a
simplified treatment to the
subject. What it aims to do
is to highlight their current
and prospective
applications in the
unconventional fields of
business and finance
covering more specifically
the capital markets, that
form the subject of
interesting ongoing
research in the field of soft
computing.
Why neural networks?
Neural networks, with their
extraordinary capability to
derive meaning from
imprecis...