www.netflix.com
netflix is looking for a better rating system for its online dvd store
contest starts today , prize is $1,000,000
To win the prize, a software program must improve the accuracy of Netflix's current movie recommendation system by at least 10 percent. The differences will be tracked by a program that quantifies how well the recommendation systems predict which movies will be liked or disliked by a profiled consumer.
If there is no winner, the company will pay $50,000 annually to a contest entrant who makes the most progress toward the final goal.