By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data Analytics instagram stories
    Data Analytics Helps Marketers Make the Most of Instagram Stories
    15 Min Read
    analyst,women,looking,at,kpi,data,on,computer,screen
    What to Know Before Recruiting an Analyst to Handle Company Data
    6 Min Read
    AI analytics
    AI-Based Analytics Are Changing the Future of Credit Cards
    6 Min Read
    data overload showing data analytics
    How Does Next-Gen SIEM Prevent Data Overload For Security Analysts?
    8 Min Read
    hire a marketing agency with a background in data analytics
    5 Reasons to Hire a Marketing Agency that Knows Data Analytics
    7 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: The Netflix Prize and Freeing Data Analytics
Share
Notification Show More
Aa
SmartData CollectiveSmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Data Visualization > The Netflix Prize and Freeing Data Analytics
Business IntelligenceData Visualization

The Netflix Prize and Freeing Data Analytics

TeradataExperts
Last updated: 2009/09/24 at 2:42 PM
TeradataExperts
6 Min Read
SHARE

This week, Netflix presented the first Netflix Prize, awarding the Belkour Pragmatic Chaos team the $1 Million grand prize in a ceremony in New York. The most exciting news is that Netflix announced a second round of the Netflix Prize using demographics and other data instead of movie ratings. 

There are a lot of great articles about the contest, the winners and the impact on Netflix. This post is not about rehashing the contest. I think it was a masterstroke by Netflix to open up its data sets and harness the power of the net to drive innovation. 

There are more contests coming, which is another great thing. And I like the format of the new Netflix contest better – a 6 month interval then an 18 month interval. This starts to approach reasonable pay-back time frames for companies looking to make an investment, compared to the 3 year process that revolved around the first contest. 

I was testing the visualization program Tableau last year and I used a data set from Sean Lahman’s Baseball Archive. What was cool was that using salary data I was able to show that the hated yankees of new york have spent more money on salaries since their last world series win (which was …

More Read

ai low code frameworks

AI Can Help Accelerate Development with Low-Code Frameworks

Tackling Bias in AI Translation: A Data Perspective
How AI is Boosting the Customer Support Game
AI-Based Analytics Are Changing the Future of Credit Cards
Enterprises Are Leveraging the Benefits of AI-Driven ERPs

This week, Netflix presented the first Netflix Prize, awarding the Belkour Pragmatic Chaos team the $1 Million grand prize in a ceremony in New York. The most exciting news is that Netflix announced a second round of the Netflix Prize using demographics and other data instead of movie ratings. 

There are a lot of great articles about the contest, the winners and the impact on Netflix. This post is not about rehashing the contest. I think it was a masterstroke by Netflix to open up its data sets and harness the power of the net to drive innovation. 

There are more contests coming, which is another great thing. And I like the format of the new Netflix contest better – a 6 month interval then an 18 month interval. This starts to approach reasonable pay-back time frames for companies looking to make an investment, compared to the 3 year process that revolved around the first contest. 

I was testing the visualization program Tableau last year and I used a data set from Sean Lahman’s Baseball Archive. What was cool was that using salary data I was able to show that the hated yankees of new york have spent more money on salaries since their last world series win (which was sometime last century – that’s right the last century when radio was popular and people watched silent movies) than my beloved Red Sox did in 78 years of frustration. That’s right the yankees have blown more than a billion dollars and have won zip. Nada. Nothing. Meanwhile my children lived the blessed life of only experiencing this rapturous time of Red SoxRed_Sox_Yankees domination and Yankee futility.

But my point is that bringing that data set allowed me to test the Tableau software, find interesting ways of investigating visualization in a matter of minutes. We are moving to a time when data analytics need to be freed from proprietary data. 

Teradata has been winning deals through our benchmark center for years. Proving our scalability and speed with complex problems our customers face. Often, their queries will not even run on their existing infrastructure. For IT this is really important, but for the business user, speed and performance are not the only thing.

I think there maybe a challenge for our customers to provide some open, anonymous datasets so that we can help them not just with performance but also with improving the quality of the analytics they get. Obviously there are privacy and security constraints that need to be taken into account. But I would love to get input from readers about how we could facilitate benchmarking the quality of analytics – not just the performance aspect. 

Our team has been working specifically with the integration of online and offline data. If there are customers out there that would be willing to provide data sets for analytics including web visitor data, online advertising, search marketing, social media or other areas we would be excited to hear from you and work with you on developing new insights from this data. With our Integrated Web Intelligence analytical assets and partners such as KXEN, Optimine, Webtrends and Microstrategy we may be able to provide new analytics that transform your multi-channel marketing.

 

You can reach me through this blog, or at paul.barrett@teradata.com 

Shameless self promotion: Check out Webtrends Blog for a guest blog post.

 

 

Paul Barrett

Link to original post

TeradataExperts September 24, 2009
Share This Article
Facebook Twitter Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

ai low code frameworks
AI Can Help Accelerate Development with Low-Code Frameworks
Artificial Intelligence
data Analytics instagram stories
Data Analytics Helps Marketers Make the Most of Instagram Stories
Analytics
data breaches
How Hospital Security Breaches Devastate Local Communities
Policy and Governance
analyst,women,looking,at,kpi,data,on,computer,screen
What to Know Before Recruiting an Analyst to Handle Company Data
Analytics

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

ai low code frameworks
Artificial Intelligence

AI Can Help Accelerate Development with Low-Code Frameworks

12 Min Read
data perspective
Big Data

Tackling Bias in AI Translation: A Data Perspective

9 Min Read
How AI is Boosting the Customer Support Game
Artificial Intelligence

How AI is Boosting the Customer Support Game

6 Min Read
AI analytics
AnalyticsArtificial IntelligenceExclusive

AI-Based Analytics Are Changing the Future of Credit Cards

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive
AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?