Recommendation systems are also called Recommender Systems or Recommendation Engines. These systems essentially analyze users/customers behavior from activities on in-house platform (activities on a company’s platform) or external platforms (browsing history, etc) to predict what a Customer/User would like and then generate customized recommendations for those Customers/Users.
There are different approaches to developing a Recommender System such as Content Based Filtering (CBF – Based on what the user preference), Collaborative Filtering (CF – Based on preference of similar users), Neural Network (NN – Deep Learning), and some combination of CBF/CF hybrid methods.
It has vast applications across many different Industries such as e-Commerce, Media, Banking, Retail, Music/Movie Industries, etc. In e-Commerce, recommendation engines are used to recommend products that a customer would like to buy based on their purchase history, and or purchase history of other like buyers. It is also used in the Media industry to recommend articles that an individual would like to read based on their prior reading history, political inclinations, and preferences. Many companies like Amazon, Netflix, LinkedIn, Walmart, Facebook, Google, Spotify, etc employ recommendation engines.
Recommendation Systems have a broad range of benefits including but not limited to:Video content creators, Viewers, and Companies that want to advertise their products.
Help users/viewers to find video content that they like to watch.
Youtube achieve their goals by making video content available to those who need them. It essentially brings video content creators and viewers together and does not charge for basic use. Although there are paid services in Youtube, but the website is essentially free of charge for the most part. When viewers are watching video content(s), Youtube chips in a few seconds of advertisement videos and charge the company or entity whose products are being advertised.
The contents on Youtube platform are user generated and at such bound to be misleading at times. Youtube should do more to reducing the spread of false information on the platform. It came under fire sometime last year when the platform refused to take down video contents containing false US election results. Although dealing with fake or false information is a general problem across user generated social media platforms, I believe more can be done to improve the situation even though I understand it is a tough problem to handle.
https://blog.youtube/inside-youtube/on-youtubes-recommendation-system/
https://recsys.acm.org/recsys16/
https://www.youtube.com/playlist?list=PLaZufLfJumb8Nv9lOK2IVwaF21cM5rkoP
https://www.youtube.com/playlist?list=PLaZufLfJumb8Nv9lOK2IVwaF21cM5rkoP
https://www.quora.com/How-does-YouTubes-recommendation-algorithm-work
https://www.theverge.com/2020/11/12/21562910/youtube-2020-election-trump-misinformation-fake-news-recommendations
https://www.lftechnology.com/blog/recommendation-systems/