Netflix has awarded their $1 million prize. Netflix, the movie rental company hosted a contest to see whocould come up with a software that could predict what movies customers would like that measures a 10% improvement of what they were already using . The contest was almost a draw between two different groups, a seven-person team of statisticians, machine-learning experts and computer engineers from the United States, Austria, Canada and Israel called BellKor’s Pragmatic Chaos and Ensemble, a global alliance with about 30 members. BellKor came up on top and received the $1 million prize. The contest was so successful that Netflix has now decided to do another one.
I was looking on the Internet to find something to blog about this evening and Netflix caught my eye. Earlier this evening my Dad had given me a free 30 day trial for Netflix and I plan on setting it up right when I finish with my blog. I found this article interesting because all the failing video stores around. A Hollywood Video just went out of business down the street as well as Blockbuster going bankrupt. Netflix has become one of the top competitors with Redbox and other one night movie rentals you find around town. I'm interested in seeing how this new system predicts movies for their customers, which I'm assuming will be very accurate. It'll be interesting to see if Netflix will hold out in this economy.
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I used to have Netflix, but found that I wasn't really using it that much, so I cancelled it, and now use RedBox almost exclusively.
ReplyDeleteIf the Netflix recommendation software is better though, that could definitely be useful for avid renters.
Once it recommended Bennifer's "Gigli," I lost any hope for the old recommendation software. This revamp could be just what Netflixters everywhere crave.
I don't use Netflix. But a lot of my friends do and they tell me that they love it. They say it's much simpler. Blockbuster has become more expensivem, so people started using Redbox. I guess we will see how Netflix will turn out.
ReplyDeleteI am a huge Netflix fan. After I went to college my mother didn't find a need to keep our cable now that the kids were gone and started Netflix, I find the whole system great, it gives you what you want, when you want, for cheaper, and quicker. Plus NO late fees. Blockbuster is a chain also, which offers everything that Netfix does but it does not deliver to your door, and there are huge late fees. Netflix just might take over the movie renting industry!
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