PAW Speaker Wins the Netflix Progress Prize

February 18, 2009
52 Views

News flash: The Netflix Prize leader, presenting at Predictive Analytics World, Feb 18-19 in San Francisco, won the Netflix Progress Prize last month!
The last three years of Netflix’s “brutal” competition have seen remarkable innovation that to this day is edging the needle closer to the 10% mark required to win the $1 million prize. Team […]

News flash: The Netflix Prize leader, presenting at Predictive Analytics World, Feb 18-19 in San Francisco, won the Netflix Progress Prize last month!

The last three years of Netflix’s “brutal” competition have seen remarkable innovation that to this day is edging the needle closer to the 10% mark required to win the $1 million prize. Team “BellKor in BigChaos” achieved a 9.44% increase to claim the Progress Prize, and the team has since increase their performance to 9.63% – they’re getting pretty close, folks.  In a sense, that is 96% of the way there.

Winning team member Andreas Töscher will speak on “Advanced Approaches for Recommender Systems and the Netflix Prize” – see:

http://www.predictiveanalyticsworld.com/agenda.php#advancedapproaches

Product recommendation systems is a hot application of predictive analytics for all kinds of business.  This is where the rubber hits the road, making it possible to target cross-sell across thousands of products, taking steps towards evening out what is typically a “long tail” distribution of sales, and improving customer satisfaction by helping them find what they want most from overwhelmingly large selections.

Several other sessions at PAW-09 will also address product recommendations, including:

With all this, attendance is recommended…

You may be interested

How SAP Hana is Driving Big Data Startups
Big Data
298 shares2,887 views
Big Data
298 shares2,887 views

How SAP Hana is Driving Big Data Startups

Ryan Kh - July 20, 2017

The first version of SAP Hana was released in 2010, before Hadoop and other big data extraction tools were introduced.…

Data Erasing Software vs Physical Destruction: Sustainable Way of Data Deletion
Data Management
37 views
Data Management
37 views

Data Erasing Software vs Physical Destruction: Sustainable Way of Data Deletion

Manish Bhickta - July 20, 2017

Physical Data destruction techniques are efficient enough to destroy data, but they can never be considered eco-friendly. On the other…

10 Simple Rules for Creating a Good Data Management Plan
Data Management
69 shares619 views
Data Management
69 shares619 views

10 Simple Rules for Creating a Good Data Management Plan

GloriaKopp - July 20, 2017

Part of business planning is arranging how data will be used in the development of a project. This is why…