Neural Networks

What are Neural Networks?

Neural networks, also known as Artificial Neural Networks (ANNs) are a subset of Machine Learning (ML) that process data and identify patterns in a manner that is similar to the human brain. Emulating human cognitive thinking, neural networks, once refined with sufficient training data, can fulfil pattern recognition and problem solving at record speed.

Under the hood, neural networks are composed of a series of interconnected nodes, or neurons, that are organized in layers. These work together to process, analyze, and interpret large amounts of data. The different layers of neural networks primarily include:

  • The input layer, which receives various forms of raw data, such as image pixels or written words.
  • One or more hidden layers, which process the raw data through a network of nodes, or neurons. The nodes process the data and assign a weight to each input, which indicates its importance in the decision-making process. The network adjusts the weights based on the outcomes, which helps to improve accuracy over time.
  • The output layer, which delivers the processed information.  

Neural networks are closely related to deep learning platforms, but with a key distinction; while deep learning consists of more than three layers, neural networks consist up to three, thereby making them simpler than their deep learning counterpart.

Key Use Cases of Neural Networks

Organizations in many industries, from healthcare to financial services, are adopting and applying neural networks across a variety of use cases. Here are four common applications:

  • Image, facial, and voice recognition: AI-based facial and image recognition uses a Convolutional Neural Network (CNN) that extracts features from images and classifies them into different categories. These models can learn more complex facial features such as shape or skin texture. Similarly, neural networks can be trained to recognize a human voice to identify the user. This technology powers some of the biometric identification features now common in smartphones and PCs.
  • Natural Language Processing (NLP): Neural networks use NLP to interpret and understand human language. NLP tools can process unstructured data such as emails, text messages, social media, video, and audio – as well as the prompts used in GenAI platforms such as ChatGPT. NLP can analyze the intent or sentiment in the data and can respond in real time to a person’s comments or questions.
  • Chatbots: Neural networks enable chatbots to engage and communicate with people in natural language. By mimicking the human brain and using pattern recognition and other algorithms, chatbots can conduct human-like conversations, learning and improving with each interaction. Chatbots have become prevalent on websites, serving as real-time assistants that can answer questions and provide information to visitors.
  • Predictive analytics: Businesses use neural networks to predict future events, such as market trends, economic shifts, product demand, customer behavior, or potential threats. These types of predictive analytics tools help business leaders make more informed, data-driven decisions.

What Do Technology Buyers Need to Know about Neural Networks?

Technology buyers exploring the possibilities of neural networks should keep a few key considerations in mind:

  • Integration and scalability: How well can neural networks be integrated into your existing systems? Will they be able to scale as your business grows?
  • Data requirements: Do you have access to large volumes of high-quality, relevant data, which neural networks require to learn and produce accurate outputs?
  • Skills: Do you have the right in-house talent to implement and manage neural network tools and platforms, or do you need to look externally for the right expertise?
  • Ethical and privacy considerations: Are you putting processes and other guardrails in place to ensure regulatory compliance and build trust with customers?

Top 10 Neural Networks Platform Providers

ChatGPT / NVIDIA / Neuton / Neural Designer / Neurala / NeuralDB Enterprise / ADVIT / Tune AI / Claude

WH Score
7.9
NeuralDB Enterprise
0reviews
Starting Price:$0 per user / per month
NeuralDB Enterprise by ThirdAI is a comprehensive platform designed for generative search and retrieval tasks. The software offers a full-stack solution with a range of features aimed at improving the search experience for users. One of the key features of NeuralDB Enterprise is its focus on data re...
WH Score
7.9
Neurala
0reviews
Starting Price:N/A
Neurala's Vision AI software for industrial inspections is a cutting-edge solution designed to revolutionize quality control processes, reduce defects, and increase production rates in various industries. With its advanced technology and innovative features, Neurala's software offers a flexible and ...
WH Score
7.9
Neural Designer
0reviews
Starting Price:$2495 per user / per year
Neural Designer is a cutting-edge machine learning platform that specializes in neural networks, allowing users to build sophisticated models that can adapt and learn from data. This capability is particularly useful for organizations seeking to optimize their business processes and make informed de...
WH Score
7.9
Neuton
0reviews
Starting Price:$0 per user / per month
Neuton is a cutting-edge Automated Tiny ML Platform that revolutionizes the way developers create models for edge devices. With a no-code approach, Neuton makes it easy for users to build incredibly small yet accurate models without the need for extensive programming knowledge. Best of all, this inn...
WH Score
7.9
NVIDIA
0reviews
Starting Price:N/A
NVIDIA is an Artificial Intelligence (AI), Data Center, and Cloud Computing technology company that engineers the most advanced and sophisticated chips, systems, and software to help companies build and scale AI-powered operations. NVIDIA designs and manufactures Graphics Processing Units (GPUs), Ap...
WH Score
7.9
ChatGPT
0reviews
Starting Price:$0 per user / per month
ChatGPT is an AI chatbot system that uses generative AI and Natural Language Processing (NLP) technologies to answer questions, generate code, create content, perform language translations, and facilitate chats that mimic human conversations. Users simply enter a question, request, or command into t...
WH Score
7.8
ADVIT
0reviews
Starting Price:$135 per user / per month
Automaton AI's advanced Deep Learning Platform, ADVIT™ STUDIO, is a comprehensive solution for organizations seeking to streamline their data management and AI infrastructure processes. This unified platform is designed to cater to a wide range of industries, providing a white-labeled, self-ho...
WH Score
7.3
Tune AI
0reviews
Starting Price:$0 per user / per month
Tune AI is an Enterprise GenAI stack designed to help companies streamline tasks and automate workflows with AI chat, AI code generation, and deployment of custom generative AI models. Tune AI leverages AI technologies such as Natural Language Processing (NLP) and Large Language Models (LLM), all wi...
WH Score
7.2
Claude
0reviews
Starting Price:$0 per user / per month
Claude, by Anthropic AI, is a secure AI chatbot that leverages Generative AI and Large Language Model (LLM) technologies to help users brainstorm and research ideas, generate and analyze images, and summarize extensive documents quickly. Claude is trained on an extensive database and can have conver...
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