An artificial neural network is a computer program that can recognize patterns in data and produce a model to represent that data. It is inspired by the human brain and consists of artificial neurons connected in a network similar to biological neurons. There are three main types of learning in neural networks: supervised learning where a teacher provides expected outputs, unsupervised learning where the system learns on its own, and reinforced learning where rewards and penalties guide the learning process. Neural networks are widely used for applications like classification, data mining, and time series prediction.