The document presents a project to develop a program using a CNN model to detect, classify and recognize traffic signs from live input with 95% accuracy. The methodology involves collecting a dataset, preprocessing it, splitting it, designing and compiling the CNN architecture with appropriate functions and optimizers, training and tuning the model, and deploying it for practical use. The CNN works by processing images through multiple layers and filters to accurately recognize signs. Applications include use in self-driving cars, map services, and automated industries. Challenges include the variety of traffic signs, changes under natural conditions, needing fast and accurate detection and updates, and complexity of sign forms.