Netflix wants yourMillion Dollar Idea
An article in today’s NY Times (free registration needed for viewing) told of Netflix’s plans to award $1 million to the first person who can improve the accuracy of movie recommendations based on personal preferences.
To win the prize the contestant will have to devise a system that is more accurate than the company’s current recommendation system by at least 10 percent. To improve the quality of entries, Netflix will make public 100 million of its customers’ movie ratings — largest ever database release of its kind.
If no one wins the one-million within a year, Netflix will award $50,000 to whoever makes the most progress above a 1 percent improvement — and will award the same amount each year until someone wins the grand prize.
Alright Idea Guys and Gals — time to put your money where yer mouth is. It’s your chance to literally prove that you’ve got a million dollar idea!
