Classic Collaborative Filtering (CF) algorithms rely on the assumption that data are static and we usually disregard the temporal effects in natural user-generated data. These temporal effects include user preference drifts and shifts, seasonal effects, inclusion of new users, and items entering the system-and old ones leaving-user and item activity rate fluctuations and other similar time-related phenomena. These phenomena continuously change the underlying relations between users and items that recommendation algorithms essentially try to capture. In the past few years, a new generation of CF algorithms has emerged, using the time dimension as a key factor to improve recommendation models. In this overview, we present a comprehensive analysis of these algorithms and identify important challenges to be faced in the near future.