What is a Neural Network?
A neural network is a series of algorithms that work to recognize relationships and patterns in a way that is very similar to how the human brain operates. These algorithms are unique because they can capture non-linear patterns or those that reuse variables.
The use of neural networks allows data scientists to speed up the process of fitting a particular data set to an automated machine learning model – think of it as a model blueprint!
Auto-differentiation is a major aspect of neural networks. This tool allows the derivatives of the output of a function to be computed automatically. Almost every task can be broken down into simpler terms, and neural networks do this very quickly.
Like other machine learning models, neural networks are trained by analyzing a training data set that has been labeled in advance. For example, if you are teaching a machine learning model to target different animals, you would feed thousands of labeled images of animals through the model for it to learn from. From there, the neural network will begin to recognize visual patterns that correlate with specific labels.
Neural networks can adapt to changing inputs, so it can adjust its predictions based on the best possible results and without having to redesign the prediction criteria.
Why are Neural Networks Valuable?
The sophisticated models that the LogicPlum platform utilizes include several neural network models that will help your business find solutions to problems that can be quickly resolved by a machine learning model.
We incorporate neural networks in our products and managed services so that your organization can gain insights from data – both internally and externally. Using these models will help you transform your company into a data-driven business.
The use of has also become in neural networks increasingly popular with organizations that use machine learning for risk assessment and fraud detection.
Who Can Benefit from Neural Networks?
It doesn’t matter if you only have BI analysts, IT leaders, or executives wanting to leverage neural networks or if you have a team of in-house data scientists looking to be more impactful with their analytic output. Any organization looking to start or advance their AI journey can benefit from neural networks.
Neural Networks and LogicPlum
The sophisticated models that the LogicPlum platform utilizes include several neural network models that will help your business find solutions to problems that can be quickly resolved by a machine learning model.
The incorporation of neural networks in our products and manage services allows organizations to gain insights from data relating to internal processes and external customers – helping you transform your decision-making process so that it can be driven by data.
