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They Did It! One Team Reports Success in the $1m Netflix Prize

Netflix

In October 2006 online movie rental company Netflix announced a contest called The Netflix Prize; any team that could beat its in-house recommendation engine by 10% in predicting which movies people would like would win a $1 million prize. It was a huge engineering challenge that more than 50,000 teams of computer scientists signed up to take. Today one team, a combination of four of the front running teams actually, announced that it has built a system that delivers a 10.05% improvement.

If that team withstands the month long period of scrutiny that begins now, it will not only mean fame and (some) fortune for them and a big boost for Netflix – it could signal a key turning point for recommendation technology on the web.

Read the whole story on ReadWriteWeb

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