List the advantages and disadvantages of using neural networks.

Advantages:

We can store information on the entire network instead of storing it in a database. It has the ability to work and give a good accuracy even with inadequate information. A neural network has parallel processing ability and distributed memory.

Disadvantages:

Neural Networks requires processors which are capable of parallel processing. It’s unexplained functioning of the network is also quite an issue as it reduces the trust in the network in some situations like when we have to show the problem we noticed to the network. Duration of the network is mostly unknown. We can only know that the training is finished by looking at the error value but it doesn’t give us optimal results.