Howwouldyourecommendthefirm

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: acrilege in the intensely secretive mining industry, but it bro ught in ideas the f irm had never co nsidered. Taking the challenge was a wildly diverse gro up o f “graduate students, co nsultants, mathematicians, and military o f f icers.” Eighty percent o f the new targets identif ied by entrants yielded “substantial quantities o f go ld.” The f inancial payo f f ? In just a f ew years a $ 100 millio n f irm grew into a $ 9 billio n titan. Fo r Go ldco rp, the cro wd co ughed up serio us co in. Netf lix f o llo wed Go ldco rp’s lead, o f f ering ano nymo us data to any takers, alo ng with a o ne-millio ndo llar prize to the f irst team that co uld impro ve the accuracy o f mo vie reco mmendatio ns by 10 percent. To p perf o rmers amo ng the o ver thirty tho usand entrants included research scientists f ro m AT&T Labs, researchers f ro m the University o f To ro nto , a team o f P rinceto n undergrads, and the pro verbial “guy in a garage” (and yes, that was his team name). Frustrated f o r nearly three...
View Full Document

Ask a homework question - tutors are online