Business Applications Of Neural Networks

"For professionals, students, and academics interested in applying neural networks to a variety of business applications, this reference book introduces the three most common neural network models and how they work. A wide range of business applications and a series of global case studies are presented to illustrate the neural network models provided. Each model or technique is discussed in detail and used to solve a business problem such as managing direct marketing, calculating foreign exchange rates, and improving cash flow forecasting."

Neural networks are increasingly being used in real-world business applications and, in some cases, such as fraud detection, they have already become the method of choice. Their use for risk assessment is also growing and they have been employed to visualise complex databases for marketing segmentation. This boom in applications covers a wide range of business interests -- from finance management, through forecasting, to production. The combination of statistical, neural and fuzzy methods now enables direct quantitative studies to be carried out without the need for rocket-science expertise. This book reviews the state-of-the-art in current applications of neural-network methods in three important areas of business analysis. It includes a tutorial chapter to introduce new users to the potential and pitfalls of this new technology.

In today’s modernized market, various disciplines continue to search for universally functional technologies that improve upon traditional processes. Artificial neural networks are a set of statistical modeling tools that are capable of processing nonlinear data with strong accuracy. Due to their complexity, utilizing their potential was previously seen as a challenge. However, with the development of artificial intelligence, this technology has proven to be an effective and efficient problem-solving method. Artificial Neural Network Applications in Business and Engineering is an essential reference source that illustrates recent advancements of artificial neural networks in various professional fields, accompanied by specific case studies and practical examples. Featuring research on topics such as training algorithms, transportation, and computer security, this book is ideally designed for researchers, students, developers, managers, engineers, academicians, industrialists, policymakers, and educators seeking coverage on modern trends in artificial neural networks and their real-world implementations.

During these uncertain and turbulent times, intelligent technologies including artificial neural networks (ANN) and machine learning (ML) have played an incredible role in being able to predict, analyze, and navigate unprecedented circumstances across a number of industries, ranging from healthcare to hospitality. Multi-factor prediction in particular has been especially helpful in dealing with the most current pressing issues such as COVID-19 prediction, pneumonia detection, cardiovascular diagnosis and disease management, automobile accident prediction, and vacation rental listing analysis. To date, there has not been much research content readily available in these areas, especially content written extensively from a user perspective. Biomedical and Business Applications Using Artificial Neural Networks and Machine Learning is designed to cover a brief and focused range of essential topics in the field with perspectives, models, and first-hand experiences shared by prominent researchers, discussing applications of artificial neural networks (ANN) and machine learning (ML) for biomedical and business applications and a listing of current open-source software for neural networks, machine learning, and artificial intelligence. It also presents summaries of currently available open source software that utilize neural networks and machine learning. The book is ideal for professionals, researchers, students, and practitioners who want to more fully understand in a brief and concise format the realm and technologies of artificial neural networks (ANN) and machine learning (ML) and how they have been used for prediction of multi-disciplinary research problems in a multitude of disciplines.

Neural networks are increasingly being used in real-world business applications and, in some cases, such as fraud detection, they have already become the method of choice. Their use for risk assessment is also growing and they have been employed to visualise complex databases for marketing segmentation. This boom in applications covers a wide range of business interests - from finance management, through forecasting, to production. The combination of statistical, neural and fuzzy methods now enables direct quantitative studies to be carried out without the need for rocket-science expertise. This is a review of the state-of-the-art in applications of neural-network methods in three important areas of business analysis. It includes a tutorial chapter to introduce new users to the potential and pitfalls of this new technology.

Forecasting is one of the most important activities that form the basis for strategic, tactical, and operational decisions in all business organizations. Recently, neural networks have emerged as an important tool for business forecasting. Neural Networks in Business Forecasting provides researchers and practitioners with some recent advances in applying neural networks to business forecasting. A number of case studies demonstrating the innovative or successful applications of neural networks to many areas of business as well as methods to improve neural network forecasting performance are presented.

Applications of Neural Networks gives a detailed description of 13 practical applications of neural networks, selected because the tasks performed by the neural networks are real and significant. The contributions are from leading researchers in neural networks and, as a whole, provide a balanced coverage across a range of application areas and algorithms. The book is divided into three sections. Section A is an introduction to neural networks for nonspecialists. Section B looks at examples of applications using `Supervised Training'. Section C presents a number of examples of `Unsupervised Training'. For neural network enthusiasts and interested, open-minded sceptics. The book leads the latter through the fundamentals into a convincing and varied series of neural success stories -- described carefully and honestly without over-claiming. Applications of Neural Networks is essential reading for all researchers and designers who are tasked with using neural networks in real life applications.

In today’s modernized market, various disciplines continue to search for universally functional technologies that improve upon traditional processes. Artificial neural networks are a set of statistical modeling tools that are capable of processing nonlinear data with strong accuracy. Due to their complexity, utilizing their potential was previously seen as a challenge. However, with the development of artificial intelligence, this technology has proven to be an effective and efficient problem-solving method. Artificial Neural Network Applications in Business and Engineering is an essential reference source that illustrates recent advancements of artificial neural networks in various professional fields, accompanied by specific case studies and practical examples. Featuring research on topics such as training algorithms, transportation, and computer security, this book is ideally designed for researchers, students, developers, managers, engineers, academicians, industrialists, policymakers, and educators seeking coverage on modern trends in artificial neural networks and their real-world implementations.