In 2006, a small DVD rental company set out to make their recommendation engine 10% better. That company was Netflix and The Netflix Prize was worth $1M. This competition attracted many engineers and scientists from some of the largest tech companies around the world. The recommendation engine for the winning participant was built with machine learning. Netflix is now one of the leading tech giants when it comes to streaming data and recommending to its customers what they should watch next.
Ratings are everywhere these days, no matter what you are doing. If you are looking for a recommendation to go out to eat at a new restaurant, to order some clothing online, to watch a new movie at your local theater, or to watch a new series on television or online, there is most likely a website or a mobile application that will give you some type of rating along with feedback on the product or service you are looking to purchase. It is because of this immediate increase in feedback that...