Past, Present, and Future of Recommender Systems: An Industry Perspective

Abstract

When the Netflix Prize launched in 2006, it put a spotlight on the importance and use of recommender systems in real-world applications. The competition provided many lessons, and many more have been learned since the Grand Prize was awarded in 2009. The use of recommender systems in industry has continued to grow driven by the availability of many kinds of user data and the continued interest for the area within the research community. In this paper, we will describe what we see as the past, present, and future of recommender systems from an industry perspective.