Crowdsourced Data Analysis

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  • Kaggle

"The most prominent data analysis platform is Australian-based Kaggle, which recently raised $11 million in funding. Kaggle uses the mechanics of a competition platform and sets up predictive modelling challenges for its crowd of data scientists, many of them academics.

  • In October 2006 Netflix offered a $1 million prize to whoever could improve their video recommendation algorithm by

10%. The final prize was awarded in October 2009 to a team which combined two of the previous top-performing teams."

(source: Getting Results from Crowds)