Predictive algorithm and what’s so great about the Netflix Prize

AlgorithmWell, on the surface, nothing much. But it represent increasing interest on a very promising field.

It’s million dollar prize for computer expert and statistician that can improve a set of algorithm (a set of rules to be executed by computer).

Netflix, the companies who pay for this $1 million reward, is a movie rental company in USA (trying to establish international presence). You choose movies on their website, they send the movie to you by mail, you send back the movies when you’re done with the movies you borrow.

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From the New York Times – Netflix competition winner

netflix prizeNews: http://www.nytimes.com/2009/09/22/technology/internet/22netflix.html?ref=technology

A $1 Million Research Bargain for Netflix, and Maybe a Model for Others

By STEVE LOHR

Published: September 21, 2009

Even the near-miss losers in the Netflix million-dollar-prize competition seemed to have few regrets.

Netflix, the movie rental company, announced on Monday that a seven-man team was the winner of its closely watched three-year contest to improve its Web site’s movie recommendation system. That was expected, but the surprise was in the nail-biter finish.

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