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Artificial Neural Networks in Business Intelligence



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An artificial neural networks is an algorithm that can easily be trained to complete a task by using input and response. This training process is called supervised training. Data is collected by measuring the difference between the system's output or the acquired response. The neural network then uses this data to adjust its parameters. The training process is repeated until a neural network performs at a satisfactory level. Data is the key to the training process. If the data are not correct, the algorithm will fail.

Perceptron represents the simplest form of artificial neural network.

A perceptron is an algorithm that supervised single-layer learning. It's used in business intelligence to detect input data computations. This type of network includes four basic parameters: input. It can increase computer performance by improving classification rates, predicting future outcomes, and increasing computer performance. Perceptron systems are used in many areas including business intelligence. These include recognizing email and detecting fraud.

Perceptron is the simplest type of artificial neural networks. It uses one layer to process input information. This algorithm can recognize linearly separate objects only. To distinguish between positive and negative values, it uses a threshold function. It is limited to solving a few problems. It needs inputs that can be normalized or standardized. It also relies on a stochastic gradient descent optimization algorithm to train its weights.


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Multilayer Perceptron

A Multilayer Perceptron (MLP) is an artificial neural network that consists of three or more layers - an input layer, a hidden layer, and an output layer. Each node is connected to the next layer with a specified weight. Learning occurs by varying connection weights and comparing output to the expected result. This is backpropagation. It is an extension of the least-mean squares algorithm.


Multilayer Perceptron uses a unique architecture to allow it to work with more complex data. A perceptron may be useful for data that can be separated linearly, but it is limited when it comes to data with nonlinear features. Consider, for instance, a classification consisting of four points. This example would result in a large error in the output, if any of the points were not the same match. Multilayer Perceptron overcomes such limitations by using a more complex architecture in order to learn classification and regression model.

Multilayer feedforward

A Multilayer feedforward artificial neural network uses a backpropagation algorithm to train its model. The backpropagation algorithm iteratively learns weights that are related to class label prediction. A Multilayer feedforward artificial neural network is composed of three layers: an input layer, one or more hidden layers, and an output layer. Figure 9.2 shows an example of a Multilayer Feedforward Artificial Neural Network.

Multilayer feedforward artificial neural network have many uses. They are suitable for classification and forecasting. Forecasting applications require that the network reduce the chance that the target variable has either a Gaussian, or Laplacian distribution. The network can be used to adapt classification applications by setting the target classification variable at zero. Multilayer feedforward artificial neural nets can achieve optimal results with very low Root-Mean square errors.


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Multilayer Recurrent Neural Network

A multilayer, recurrent neural net (MRN) refers to an artificial neural grid with multiple layers. Each layer contains the exact same weight parameters unlike feedforward network, which have different nodes with different weights. These networks are popularly used for reinforcement learning. There are three types multilayer recurrent network: one is used for deep learning; another is used for image processing; and the third is used for speech recognition. Take a look at the main parameters of these networks to understand how they differ.

The back propagation error of conventional recurrent neural network tends not to vanish but explode. The amount and size of the error propagation will depend on how large the weights are. Oscillations can result from weight explosions. But the vanishing problem makes it impossible to learn how to bridge long time gaps. This problem was addressed by Juergen Schmidhuber and Sepp Hochreiter in the 1990s. These problems are solved by LSTM, an extension to recurrent neural networks. It learns to bridge time delays over many steps.




FAQ

Why is AI important?

According to estimates, the number of connected devices will reach trillions within 30 years. These devices will include everything from cars to fridges. The combination of billions of devices and the internet makes up the Internet of Things (IoT). IoT devices are expected to communicate with each others and share data. They will also make decisions for themselves. A fridge might decide whether to order additional milk based on past patterns.

It is expected that there will be 50 Billion IoT devices by 2025. This is an enormous opportunity for businesses. But it raises many questions about privacy and security.


What is the current status of the AI industry

The AI market is growing at an unparalleled rate. The internet will connect to over 50 billion devices by 2020 according to some estimates. This will mean that we will all have access to AI technology on our phones, tablets, and laptops.

This means that businesses must adapt to the changing market in order stay competitive. Businesses that fail to adapt will lose customers to those who do.

It is up to you to decide what type of business model you would use in order take advantage of these potential opportunities. Do you envision a platform where users could upload their data? Then, connect it to other users. Or perhaps you would offer services such as image recognition or voice recognition?

No matter what you do, think about how your position could be compared to others. Although you might not always win, if you are smart and continue to innovate, you could win big!


Which industries use AI most frequently?

Automotive is one of the first to adopt AI. BMW AG uses AI, Ford Motor Company uses AI, and General Motors employs AI to power its autonomous car fleet.

Other AI industries include banking and insurance, healthcare, retail, telecommunications and transportation, as well as utilities.


Are there any potential risks with AI?

Yes. There will always be. Some experts believe that AI poses significant threats to society as a whole. Others argue that AI is necessary and beneficial to improve the quality life.

AI's potential misuse is one of the main concerns. It could have dangerous consequences if AI becomes too powerful. This includes things like autonomous weapons and robot overlords.

AI could also replace jobs. Many people fear that robots will take over the workforce. But others think that artificial intelligence could free up workers to focus on other aspects of their job.

For example, some economists predict that automation may increase productivity while decreasing unemployment.


What is the role of AI?

An artificial neural system is composed of many simple processors, called neurons. Each neuron receives inputs form other neurons and uses mathematical operations to interpret them.

Layers are how neurons are organized. Each layer has a unique function. The first layer receives raw information like images and sounds. It then sends these data to the next layers, which process them further. Finally, the last layer produces an output.

Each neuron also has a weighting number. This value is multiplied when new input arrives and added to all other values. If the result is more than zero, the neuron fires. It sends a signal down the line telling the next neuron what to do.

This process repeats until the end of the network, where the final results are produced.


What is the role of AI?

An algorithm is a set of instructions that tells a computer how to solve a problem. An algorithm can be described as a sequence of steps. Each step has a condition that dictates when it should be executed. The computer executes each instruction in sequence until all conditions are satisfied. This is repeated until the final result can be achieved.

Let's take, for example, the square root of 5. One way to do this is to write down all numbers between 1 and 10 and calculate the square root of each number, then average them. This is not practical so you can instead write the following formula:

sqrt(x) x^0.5

You will need to square the input and divide it by 2 before multiplying by 0.5.

Computers follow the same principles. It takes your input, squares and multiplies by 2 to get 0.5. Finally, it outputs the answer.


What countries are the leaders in AI today?

China is the leader in global Artificial Intelligence with more than $2Billion in revenue in 2018. China's AI industry is led by Baidu, Alibaba Group Holding Ltd., Tencent Holdings Ltd., Huawei Technologies Co. Ltd., and Xiaomi Technology Inc.

China's government is heavily involved in the development and deployment of AI. The Chinese government has established several research centres to enhance AI capabilities. These centers include the National Laboratory of Pattern Recognition and the State Key Lab of Virtual Reality Technology and Systems.

China is also home to some of the world's biggest companies like Baidu, Alibaba, Tencent, and Xiaomi. All of these companies are working hard to create their own AI solutions.

India is another country where significant progress has been made in the development of AI technology and related technologies. India's government is currently working to develop an AI ecosystem.



Statistics

  • In the first half of 2017, the company discovered and banned 300,000 terrorist-linked accounts, 95 percent of which were found by non-human, artificially intelligent machines. (builtin.com)
  • More than 70 percent of users claim they book trips on their phones, review travel tips, and research local landmarks and restaurants. (builtin.com)
  • That's as many of us that have been in that AI space would say, it's about 70 or 80 percent of the work. (finra.org)
  • By using BrainBox AI, commercial buildings can reduce total energy costs by 25% and improves occupant comfort by 60%. (analyticsinsight.net)
  • The company's AI team trained an image recognition model to 85 percent accuracy using billions of public Instagram photos tagged with hashtags. (builtin.com)



External Links

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How To

How do I start using AI?

A way to make artificial intelligence work is to create an algorithm that learns through its mistakes. The algorithm can then be improved upon by applying this learning.

You could, for example, add a feature that suggests words to complete your sentence if you are writing a text message. It would learn from past messages and suggest similar phrases for you to choose from.

However, it is necessary to train the system to understand what you are trying to communicate.

Chatbots are also available to answer questions. For example, you might ask, "what time does my flight leave?" The bot will answer, "The next one leaves at 8:30 am."

You can read our guide to machine learning to learn how to get going.




 



Artificial Neural Networks in Business Intelligence