Applications of Data Mining & Computational Pattern Recognition
Applications of Data Mining & Computational Pattern Recognition
Netflix
Grand Challenge (2006)
Objective: Enhanced accuracy of video recommendation system by 10% Prize: $1 million ($50k to the progress leader for the duration of the contest) Status: 7% overall improvement as of April 2008
Google
Google It! Innovation: novel reference influenced ranking system spawns the field of Collective Intelligence Payoff: In 2004, only 6 years from its inception, Google handled 85% of online web searches!
Its founders are now among the top 10 richest people in the world!
Others
Biotech Investigation & Fraud Detection Image recognition & Machine Vision Product Marketing Supply Chain Optimization Infrastructure management Financial market analysis National Security
Technological Advantage
Collective Intelligence The combining of behavior, preferences, or ideas of a group of people to create novel insights. Pattern Recognition The act of taking in raw data and taking an action based on the category of the data
Recommendation Systems
Collaborative Filtering Weighted ranking of features The friend with good taste in recommends