The series of RatingFormula is a concept of the financial analyst George Protonotarios aiming to revolutionize all online ratings. The RatingFormula provides a stable, honest, and objective framework in order to rate any financial firm.
As fake news, fake reviews, and fake information increase on the internet, the need for an honest and objective rating framework will only grow stronger. The wider use of robotic internet systems, such as web-bots, will make the situation even worst. Not far from today, search engines will use similar rating systems to evaluate online corporations, and based on their score, to sort them respectively in their search results.
Based on internet statistics, more than half (50%) of all user reviews/ratings are fake. This is happening as online corporations have a huge commercial incentive to hire outsiders in order to produce favorable reviews for them and unfavorable reviews for their competitors. Evidence comes from the fact that most of these user reviews/ratings receive extreme values (i.e. 10/10 or 0/10). The Rating Formula series comes as an alternative solution for this problem.
Source: Featured News