The Netflix Prize

1.-In what ways could Netflix visualize movie ratings,preferences, or trends to provide its subscribers with additional “movie intelligence”

Probably by recommendation movies according to the genre that the person just watched. I think that is one major point in which Netflix could get more data from its customers. Also the second contest that Netflix was going to perform included key information like age, gender, and geographic location. I think those are major components in terms of predicting what would a customer want. Analyzing the data that would came out of that information would give Netflix a customize hint of what do each people want.

2.-What are the pros and cons of having the winner of the Netflix Prize share the improved Cinematch method

I think major pros was to increase competition and innovation among people that analyze data and try to develop higher revenues for a company. Also to increase the Cinematch method and making it more accurate. The cons that this Netflix Prize had was the use of private data. Personally I think that one was a major mistake by Netflix because I think they should respect the private information.

3.-Describe another problem in business or society that could utilize an approach similar to that for winning the Netflix Prize (i.e., a contest that anyone can try to solve)

Well many times this “prizes” tend to develop ideas and reward them at the end. I think there are major problems when this situations are utilized to perform something wrong to get the prize. In the case of Netflix they used the information but they made a mistake with the privacy of the data.