Wednesday, November 15, 2006
Recommendation Sites Pay Off
So creating better programs that make recommendations more accurate, and hopefully more successful can actually pay off in the end. NetFlix - the Internet movie site that lets customers rent movies online - actually offered to the public a 1 million dollar reward for anyone who could create "a system that is more accurate than the company's current recommendation system by at least 10 percent." I'm pretty sure the contest is over, but there was an interesting article written about it in the New York Times. Netflix uses the collaborative filtering system (same as Last FM). You can check it out here at News.com
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