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Neuromorphic Computing Market - Expected to Gain Huge Momentum in the Coming Years

06-08-2018 07:47 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Neuromorphic computing or neuromorphic engineering has been described as the use of large integration systems containing numerous analog circuits allowing the replication of neuro-biological behaviors existing in a human’s nervous system. The neuromorphic computing platform consists of two vital systems based on the custom hardware architecture.

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Such systems are designed to program neural microcircuits by applying brain-like thought process in cognitive computing and machine learning process. This procedure enables a machine to learn, adapt and function like a human brain does rather than functioning like a normal computer.

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Neuromorphic computing is expected to gain huge momentum in the coming years due to the gaining familiarity of neuromorphic computing technology and rising demand for artificial intelligence. Artificial intelligence is used as applications in language processing, computer vision and image processing, translation and chatterbots, and non-linear controls and robotics.

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In addition, increasing application and usage of software in neuromorphic computing is also set to drive the growth of this market. Softwares in neuromorphic computing is used as various applications such as predictive analysis, machine vision, video monitoring, online learning and data modelling among others.

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