DMnews, Michael Corso, May 31, 2011
Hearst Magazines and the Direct Marketing Association will launch the second annual "Hearst Challenge" on June 1. The media company will give a $25,000 prize to the entrant who can best build a model to predict whether a consumer will open or click through an email promotion.
The contest, which is also serving as the DMA's 2011 "Analytics Challenge," is open to the public. Entrants will be able to access 500,000 sample promotion emails from 2010 to create an analytic framework.
Consumers can submit entries via the Hearst Challenge website through September 1. The organizations will pick three entrants to present their submissions at the DMA2011 Conference in Boston this October. Hearst will also award $5,000 to the contestant with the "most innovative method."