An artificial neural network is a form of artificial intelligence with a series of algorithms that recognizes the relationship between the data sets. It imitates the human brain learning process to solve the complex pattern recognition problems, in particular to analyze large data sets. Some popular types of neural networks are autoencoders, convolutional neural networks, and recurrent neural networks. Neural networks are widely used for real-world business problems involving data validation, customer research, forecasting, and risk management. It is applied across various industries such as marketing, retail & sales, banking & finance, and medicine, among others.
Analytical Software to Demystify the Intricacies Involved in a Surveillance Video
The analytical software segment is projected to hold significant market share among other type segments in the global neural network market on account of government organizations increasingly using surveillance systems for investigations. The recordings in the surveillance systems often have lower resolution, compelling law enforcement agencies to embrace advanced technological solutions to analyze video patterns. For instance, in January 2019, BrainChip Holdings announced a strategic partnership with SoftCryptum to sell BrainChip’s AI-powered video analytics solutions to government agencies in France, Belgium, and Switzerland.
Recent Development
In September 2019, Infineon announced a partnership with Synopsys to develop AI chips for automotive applications
In August 2019, H2O.ai raised USD 72.5 million in Series D funding, led by Goldman Sachs and Ping An with participation from Wells Fargo, NVIDIA, and Nexus Venture Partners. The company plans to utilize this fund to accelerate innovation & expand sales and marketing across the globe
In March 2019, Tableau announced a partnership with VoiceBase to transform the use of speech analytics data, enabling the users to uncover data insights and extend the benefits of speech analytics beyond the contact center
In May 2018, Hewlett Packard Enterprise (HPE) joined the Open Neural Network Exchange (ONNX) — a group that promotes the adoption and creation of open standard to represent deep learning models. The company aimed to contribute its expertise in machine learning software and hardware to an industry-standard neural network exchange format
In September 2018, Microsoft announced a partnership with SRL Diagnostics to expand its AI network for healthcare to pathology. This collaboration would enhance the quality of digital pathology for population screening by the integration of Microsoft’s Azure and AI alongside SRL’s expertise in the study of cells and tissues
In November 2016, Hikvision announced a partnership with Movidius to introduce neural networks to video surveillance cameras
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