Generative AI will forever change Google’s dominance of search business

Google search on a mobile phone

You may have heard how Google recently declared a “code red” internally after the launch and explosive success of ChatGPT. Can you blame them? Google has dominated the search business for years, and has littered search results with ads that generate billions of dollars in revenues for the company. And they’ve used their dominant position to squeeze out complimentary services such as travel options, movie times, etc.

Generative AI and chatbots change the game

Google’s search business is feeling the heat from generative AI and chatbots. As technology advances, these tools are becoming increasingly more sophisticated – and they’re giving Google a run for its money! Generative AI can create content that sounds just like it was written by humans, while chatbots can provide helpful answers to everyday questions in an instant. These advancements mean that users have more options at their fingertips when conducting searches, making it harder for Google to remain on top.

Think about it – why do a Google search and have to sift through ranked websites for an answer when you can get the answer from a chatbot that is produced through generative AI?

In the short term, accuracy is an issue, but we all know this problem will be solved quickly. Already, we’ve seen a tremendous leap in capability with the release of GPT-4, which performs much better than the already impressive GPT-3.

Innovator’s Dilemma

Google faces the ultimate innovator’s dilemma. They’ve had this AI capability, but they’ve naturally kept it under wraps, knowing that its release would pose a threat to their current business model.

Now, with the release of ChatGPT, Google doesn’t have a choice. They will soon be releasing its own AI chatbot called Bard, which is now being used by testers. The company is also starting to ad more AI capability into tools such as Gmail and Google Docs.

Microsoft sees an opportunity for Bing

Microsoft’s search business has been a dud for years, but now the company sees real opportunity with generative AI and chatbots. They released a new version of Bing which allows users to toggle between conventional search results and results generated by a chatbot, which comes with references for further investigation by the user.

Give it a try and you’ll see in real time why Google is facing a real threat. The days of relying primarily on traditional Google-style web searches are over. Of course those types of searches ill still be popular. People want to find website and tools that are useful, entertaining or informative. But sometimes they just want an answer, and the new chatbots will eat into Google’s market share and inevitably threaten revenues.

These technologies enable users to ask questions in plain language and receive accurate answers with minimal effort. This threatens Google’s market dominance as users become accustomed to more conversational means of searching for information online. Additionally, traditional web search relies on keywords, while NLP-based systems can understand the context behind a query and provide results that better match a user’s intent. This decreases the need for users to manually refine their searches by providing more relevant results faster. As these technologies become increasingly sophisticated, they could potentially reduce demand for Google’s services and erode its position as one of the world’s leading search providers.

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Prof G podcast interview with Neeva founder Sridhar Ramaswamy

Neeva home page June 2021

In a recent episode of The Prof G Show, Scott Galloway interviews Sridhar Ramaswamy, the CEO and cofounder of Neeva, an all-new, subscription-based search engine that aims to be a competitor to Google for search.

Taking on Google seems like a gargantuan task, but Ramaswamy makes a compelling case for Neeva in this interview. It helps of course that Galloway is a fan of the concept and the company as he’s said many times on his show and also on Pivot. But Galloway is a good interviewer and he does a nice job in this episode of asking the tough questions.

Ramaswamy explains how Neeva will be an ad-free, private search engine, differentiating itself in the search market from Google which has become a slave to ad revenue, thus diluting the quality if the search results and user experience. Neeva will be subscription based, and thus obsessively focused on the needs of the consumer according to Ramaswamy. He should know as he spent fifteen and a half years at Google, and many members of his team at Neeva are Google alumni. By not being a slave to ads, Neeva can avoid tracking every consumer action, and instead just focus on data that improves the search results.

It has been reported that Neeva will charge between $5 and $10 per month for the service.

Take a listen to the podcast episode. Ramaswamy comes across as a formidable leader who can make this work.

  

Key Steps to Structuring your Google Adwords Campaigns

Google Adwords can be a trickly concept, with trickly quickly becoming scary when it’s your business’ money at stake. Here at Search Factory we’ve developed a brief guide to help ensure your account is structured in the most appropriate manner.

A solid layout is vital for any SEM initiative to be effective. A logical methodology to the organisation of ads and keywords provides compounding benefits; from the ability to manage, alter and target ads, through to boosting your quality score and reducing CPCs. For the purposes of this explanation, we’ll begin at the upper levels and work our way down.

Campaigns

At the top you have campaigns, and unless you are working zorb ball en Venta on a very small account you’d be remiss to have only one. There are a number of factors to consider when structuring your campaigns, including:

Location – If your business provides products/services nationally or internationally, then it’s sensical to create campaigns targeting different cities, states, regions and countries. This will result in similar keywords throughout different campaigns, but will give you the ability to write copy and incorporate geo-specific terms geared at the various locations your targeting.

Branded and Non Branded – Always ensure you have separate campaigns for your branded keywords. These terms should be visible 100% of the time, and receiving impressions 24/7. If brand terms are consistently competing with more expensive tactical keywords, they will often be limited by budget.

Website/Business Structure – By creating campaigns around specific products/services you provide, you’ll have keyword lists directly relating to ad copy, with ads correlating the relevant product/service pages on your site. This will facilitate control of budgets, bids etc., allowing tighter control across the various facets of your business.

Ad Groups

After you’ve created and structured your campaigns, Ad Groups are the next step. These can be looked at as containers for the keywords, ad copy and landing pages; and are instrumental in establishing a meaningful hierarchy to the account. Again, there are a number of points to consider when structuring your Ad Groups, including:

Too Many Keywords – Don’t let Ad Groups contain too many keywords! Many Search Engine Marketers allow this to happen, creating groups with hundreds or even thousands of terms. This not only detracts from your ability to collect granular data, but adversely impacts the relevancy of ads being delivered to consumers. Once an Ad Group incorporates too many keywords it loses its coherence and theme, which will only end up hurting your ROI.

Too Few Keywords – The reciprocal of the above is only having one or two keywords in each Ad Group when it’s prudent to have more. Generally this issue is an attempt to avoid the first problem, and whilst it does allow for groups to be tightly themed, it’s effectively shifting the burden from creating relevancy to assigning huge amounts of ad copies and landing pages for each term you’re targeting.

Integration & Consistency – Ultimately, any successful search engine marketer ensures they are striving to create a system grounded on integration and consistency. You need to continuously develop keyword groups, ad copy and landing pages tightly integrated with one another. Successfully doing so will create consistency, allowing you to directly cater for the searches used to reach your site. Often this requires a few months of research and testing, but the outlay is nearly always justified by the return.

The Benefits

By following the points above you’ll have an appropriately structured SEM account in no time. The best part is that a well-structured account provides lower costs (thanks to the quality score system) and more conversions (relevant ads convert better than generalised ones). So get optimising!

  

Facebook introduces ‘Graphic Search’

Tons of people love Facebook, but most will agree that the search function sucks. It’s pretty surprising that new developments have taken so long for Facebook in this area, but today’s big announcement reveals a pretty impressive evolution in the whole search concept.

Graph Search, which is initially launching as a beta product for U.S. audiences only, will allow users to uncover social connections between other members of the site and quickly identify which friends have been to certain places, “liked” specific topics or appeared in certain photos.

Friends, places, interests and photos will be the foundation for queries when the search engine launches, Facebook said. For example, Facebook explained how Graph Search could be used to find “My friends who live in Palo Alto who like Game of Thrones,” “Indian restaurants liked by my friends from India” or “Photos of my friends taken in Paris.” Singles looking to meet people could search “Friends of friends who are single men in San Francisco.” Someone trying to remember a person she’d met at a friend’s party evening before could query, “People named Drew who are friends of Peter and went to Harvard.”

We’ll see if the actual service lives up to the hype, but the potential seems significant.

  

Google shares plunge on earnings miss

Google shares got rocked today when poor earnings numbers were prematurely released. Trading had to be halted but the bloodbath would have happened regardless, though many investors were caught off guard of course.

I have no idea why Google missed earnings numbers, but I can say that they need a serious lesson in customer service. Google has treated its Adsense partners with contempt, and if Microsoft wasn’t incompetent, Google would be losing even more business.

  

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