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Supporting Information - Netflix

1. In what ways could Netflix visualize movie ratings, preferences, or trends to provide its subscribes with additional "movie intelligence"?

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

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).

http://www.netflixprize.com

Solution Preview

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

What do you think about this? It seems, Netflix could provide subscribers with "movie intelligence" by implementing or integrating:

- Movie Ratings from a number of sources, not just feedback from their own viewers, but they can add a legend that averages and imports customer response from both Amazon.com and their Internet Movie Database (INDB); Blockbuster; Hula; and other online video systems.

- Preferences: Netflix should have an Innovation department, similar to companies like Google where employees focus on improving the product or service. Does Netflix really listen to their customers to know what 'their' preferences are or do they just do random surveys on occasion and no one at the company really follows up?

- Trends: What are Netflix's competitors doing to provide subscribers with movie ...

Solution Summary

This solution explores the Netflix Prize, and examines what ways Netflix may visualize movie ratings, preferences, or trends to provide subscribes with additional "movie intelligence." The pros and cons of winning are discussed, along with 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).

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