Jameson
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There is a neat site called Kaggle that is home to lots of data science info and the place of very featured competitions with large cash prizes. The goal of this year's competition was to create a model to detect lung cancer. It just wrapped up last week and the results are being verified right now as far as I know. $500,000 goes to the 1st place model, so very big money here.
Since I have become a professional model builder/checker, I find this kind of thing really cool and a great idea. Present a challenge to the whole internet with a large cash prize and see what comes back. You could be a grad student, a medical doctor, or completely untrained in the traditional ways but if your model is the best you win.
In a way this is like the Millennium Challenge Problems, each with a $1 million prize but this is more applied and coding centered than those (well perhaps except the P=NP proof :D).
Anyway, what do you guys think about this competition and these kinds of competitions in general?
Since I have become a professional model builder/checker, I find this kind of thing really cool and a great idea. Present a challenge to the whole internet with a large cash prize and see what comes back. You could be a grad student, a medical doctor, or completely untrained in the traditional ways but if your model is the best you win.
In a way this is like the Millennium Challenge Problems, each with a $1 million prize but this is more applied and coding centered than those (well perhaps except the P=NP proof :D).
Anyway, what do you guys think about this competition and these kinds of competitions in general?