However, Kaggle has an even more creative approach: Crowdsource the problem to some 65,000 data scientists, using open (or closed) data-mining competitions. Kaggle has hosted 150 such competitions, some on behalf of customers like Allstate Insurance (conducted to help in predicting insurance claims), according to Kaggle's CEO Anthony Goldbloom, who was a recent guest on InformationWeek's Valley View (a live, monthly Web TV show).
You can watch Goldbloom's elevator pitch, and see what our judges thought in the video above.