Hello,
If you are using our new NI-DAQmx driver you can accomplish this task as long as one application is using AO and the other is using AI. You cannot have two programs trying to control the same functionality simultaneously.
Our new driver, NI-DAQmx, is a multithreaded driver. Our older driver, Trad. NI-DAQ, is not multithreaded. Let me know which device you have and what language you are using to develop your app. and I will tell you what you can do.
http://digital.ni.com/softlib.nsf/websearch/BEC182021CEB566C86256EEE00696562?opendocument&node=132060_US
Regards,
Bill B
Applications Engineer
National Instruments