SOURCE: SmartGRAPE

December 20, 2006 12:16 ET

SmartGRAPE Code Seeded for $1 Million Netflix Prize

SmartGRAPE Seeds Code for Community and Launches Development Repository

SUNNYVALE, CA -- (MARKET WIRE) -- December 20, 2006 -- SmartGRAPE (http://www.smart-grape.org), an open source collaborative community working to improve predictive recommendation systems for online buyers, announced the launch of its community code development system and the seeding of starter recommendation algorithms.

The seed code was provided by employees of GlobalRoads Inc., the primary sponsor for SmartGRAPE. The code is available for download and modification, from SmartGRAPE's repository at: http://sourceforge.net/projects/smartgrape.

"There is significant untapped potential in applying predictive technologies to eCommerce applications and value in all the ideas generated by thousands of contestants under the aegis of the Netflix Prize challenge," says Vivek Sagi, V.P. Business & Technology Solutions of GlobalRoads Inc. "We want to provide an open source haven for those ideas and to developers who wish to collaborate on a world-class challenge with an opportunity to share in any potential prize winnings. The seed code contributed today was from our early efforts on the Netflix challenge. While we have made substantial progress since then, we thought it best to seed the repository quickly and show working examples for those intrigued by the Netflix challenge. The SmartGRAPE community is looking for theorists and developers passionate about building effective recommendation systems and we now look forward to seeing what the SmartGRAPE global community does with our initial contribution," he said.

SmartGRAPE developed shopping recommendation systems will enable a variety of eCommerce applications to improve the overall online buying experience. Advances in this field can significantly increase retention rates and could also considerably impact customer basket sizes. Furthermore, the ability to offer such systems through an open source collaborative community helps to significantly reduce deployment costs and dramatically increase adoption rate for these systems.

About SmartGRAPE

SmartGRAPE is a new collaborative development and open source community created to improve the state-of-the-art for ecommerce prediction and recommendation systems. For more information about SmartGRAPE, please visit our website at http://www.smart-grape.org.

About GlobalRoads Inc.

Founded in 2005, GlobalRoads Incorporated provides sales automation solutions and global IT services to its Global 2000 customers. GlobalRoads helps companies improve sales effectiveness and operational efficiency through enhanced automation and global sourcing of IT services. GlobalRoads is headquartered in Sunnyvale, CA. For more information, visit the company's website at http://www.GlobalRoads.com.

Contact Information

  • Media Contact:
    Jan Izzo
    Corporate Communications
    GlobalRoads Incorporated
    Tel: 408.716.8516
    Email: Email Contact