Multilayer Perceptron Networks Applications & Examples of Business Usage

The “neural” part of the term refers to the initial inspiration of the concept - the structure of the human brain.

Conceptually, the way ANN operates is indeed reminiscent of the brainwork, albeit in a very purpose-limited form.

The thing is - Neural Network is not some approximation of the human perception that can understand data more efficiently than human - it is much simpler, a specialized tool with algorithms designed to achieve specific results.

The key goals of using MLP in the data processing and analysis operation are:

Study the data and explore the nuances of its structure;

Train the model on the representative dataset;