Does any one know about Neural Networks and their current applications in the research field

I know vague details about them; what kind of research are you interested in?

A good page on them:

 

http://www.cs.stir.ac.uk/~lss/NNIntro/InvSlides.html

 

their current applications in the research field

 

From the above source:

 

Neural networks are being used:

 

 

in investment analysis:

to attempt to predict the movement of stocks currencies etc., from previous data. There, they are replacing earlier simpler linear models.

in signature analysis:

as a mechanism for comparing signatures made (e.g. in a bank) with those stored. This is one of the first large-scale applications of neural networks in the USA, and is also one of the first to use a neural network chip.

in process control:

there are clearly applications to be made here: most processes cannot be determined as computable algorithms. Newcastle University Chemical Engineering Department is working with industrial partners (such as Zeneca and BP) in this area.

in monitoring:

networks have been used to monitor

the state of aircraft engines. By monitoring vibration levels and sound, early warning of engine problems can be given.

 

British Rail have also been testing a similar application monitoring diesel engines.

 

in marketing:

networks have been used to improve marketing mailshots. One technique is to run a test mailshot, and look at the pattern of returns from this. The idea is to find a predictive mapping from the data known about the clients to how they have responded. This mapping is then used to direct further mailshots.