Traditionally, the term neural network had been used to refer to a network or circuit of biological neurons.
The modern usage of the term often refers to artificial neural networks, which are composed of artificial neurons or nodes. Thus the term has two distinct usages:
1. Biological neural networks are made up of real biological neurons that are connected or functionally-related in the peripheral nervous system or the central nervous system. In the field of neuroscience, they are often identified as groups of neurons that perform a specific physiological function in laboratory analysis.
2. Artificial neural networks are made up of interconnecting artificial neurons (programming constructs that mimic the properties of biological neurons). Artificial neural networks may either be used to gain an understanding of biological neural networks, or for solving artificial intelligence problems without necessarily creating a model of a real biological system. The real biological nervous system is highly complex including some features which may seem superflous to the understanding of the working of artificial networks.
Read the rest of the article here