Kaggle, competitions and competitive intelligence

Today, economist and blogger Nicholas Gruen announced that he had become chairman of Kaggle.com. Kaggle is a service that allows companies to run data-modelling and prediction competitions. Two type of competitions are supported – competitions to predict the past and competitions to predict the future. “Predicting the past requires contestants to build models that are evaluated against a past event (the idea being that highly performing models can then be adopted by the competition host) … Predicting the future requires contestants to make predictions about a future event. Organizations may then choose to act on predictions made by contestants who have a history of forecasting accurately. ” (Kaggle.com 14/04/2010) Nicholas cites a couple of sources of inspiration for Kaggle. First is the Netflix Prize, where an online movie provider […]