Showing posts with label Vertical Search. Show all posts
Showing posts with label Vertical Search. Show all posts

Friday, September 26, 2008

Got an idea to help the world? Here's $10 million

Got an idea that could change the world, or at least help a lot of people? Google wants to hear from you -- and it will pay as much as $10 million to make your idea a reality.

Google Inc. will award $10 million to solicit ideas it believes could benefit the world.

Google Inc. will award $10 million to solicit ideas it believes could benefit the world.

To help celebrate its 10th birthday, the ambitious Internet giant is launching an initiative to solicit, and bankroll, fresh ideas that it believes could have broad and beneficial impact on people's lives.

Called Project 10^100 (pronounced "10 to the 100th"), Google's initiative will seek input from the public and a panel of judges in choosing up to five winning ideas, to be announced in February.

Google announced the project live on CNN on Wednesday morning.

"These ideas can be big or small, technology-driven or brilliantly simple -- but they need to have impact," Google said in a news release. "We know there are countless brilliant ideas that need funding and support to come to fruition."

Those are ideas such as the Hippo Water Roller, which Google cited as the kind of concept the company would be interested in rewarding. Developed in Africa, where it is most used, the Hippo Water Roller is a barrel-shaped container, attached to a handle, that holds 24 gallons of water and can be rolled with little effort like a wheelbarrow, making it easier for villagers on foot to transport critically needed fresh water to their homes.

People are encouraged to submit their ideas, in any of 25 languages, at www.project10tothe100.com through October 20. Entrants must briefly describe their idea and answer six questions, including, "If your idea were to become a reality, who would benefit the most and how?"

Google employees, with the help of an advisory board, will narrow the submissions to 100 semifinalists by January 27. Between January 27 and February 2, the public will vote online for their favorite ideas. A panel of as-yet-unnamed judges will then review the top 20 ideas and announce up to five winners in mid-February.

Funding, from a pool of $10 million, will be awarded in May. If the judges decide to reward five winning ideas, each will receive $2 million. If only two ideas are chosen, each will receive $5 million, and so on.

A Google spokeswoman was reluctant to set parameters for the submissions, although the project's Web site suggests that successful ideas should address such issues as providing food and shelter, building communities, improving health, granting more access to education, sustaining the global ecosystem and promoting clean energy.

"We don't want to limit it at all. We want a wide range of ideas," said Bethany Poole, product marketing manager at Google, who announced the project Wednesday on CNN along with Andy Berndt, managing director of Google's Creative Lab. "We think great ideas come from anywhere."

To cite Google's own example, Google News began after the September 11 terrorist attacks, when an engineer became frustrated that he couldn't aggregate news sources from around the world in one place.

By opening the project to anyone -- not just laboratories or universities -- Google is embracing "crowdsourcing," the Internet-age notion that the collective wisdom of mass audiences can be leveraged to find solutions to design tasks.

Project 10^100 is not unlike the Google-sponsored Lunar X PRIZE, a $30 million international competition to safely land a robot on the surface of the moon, travel 500 meters over the lunar surface, and send images and data back to Earth. The first team to land on the moon and complete the mission objectives will be awarded $20 million. At least 16 teams are competing.

Those who submit winning Project 10^100 ideas will not be required to have the technical expertise to implement them, Poole said. Google has not determined how winning projects will be sustained financially after the initial prize money runs out, she said.

People may submit more than one idea. Through its online submissions, Google also hopes to connect people with good ideas to charitable organizations who could help implement them, Poole said.

Sunday, January 13, 2008

Local Search Lives or Dies by User Reviews

Back in the dark ages, referred to by some as BC (Before Computers), consumer opinions regarding personal experiences with businesses were passed around in a practice known as "Word of Mouth" marketing.

Jane tells Mary about how great her new microwave is, or that the service could have been better at the new restaurant in town. Soon enough, word gets around and sales are up for that microwave, and the service is carefully watched at the new restaurant.

The Internet has transformed word of mouth referrals into "user reviews" and "ratings," where consumers can comment on and rate products or services that they have purchased or experienced.

The Importance of User Reviews/Ratings

A study by comScore and the Kelsey Group, conducted in October 2007, found that online, consumer-created reviews have a big impact on prospective buyers. In fact, 24 percent of those who purchase local services -- people searching for restaurants, hotels, and automotive shops -- consult online ratings and reviews before making a choice.

This works both ways though. Consumers not only read reviews to decide what they'll spend their paycheck on, they also write the reviews, and not just to inform potential consumers.

A study by Bazaarvoice and Keller Fay (both user review and WOM marketing experts) found that 79 percent of reviewers write reviews to reward a company for the quality of the product or service they bought, with 87 percent of the reviews being positive in tone.

Reviews: The Good, Bad, and Misinformed

The good news about positive reviews is that according to the comScore/Kelsey Group study, 97 percent of review readers find the reviews they read to be accurate. However, the opposite, and of course more detrimental, could be said about bad reviews.

Advertisers and local business owners alike worry about user-generated content that comes with user reviews. They could be praised or destroyed in front of the public with just the click of a mouse. However, the recent study by Bazaarvoice and Keller Fay suggest that more than half of respondents surveyed usually left positive reviews.

Tone of User Reviews for Products & Services (on Bazaarvoice client Web sites) August-October 2007 (percent of respondents)

User Reviews/Ratings on Internet Yellow Pages, Local Search Sites

Once a rating or review is entered, it's posted near, or directly following, a specific business or product's listing information. Some systems allow consumers the ability to rate a business and/or product on a specific scale, which then factors into an overall ratings score for the business or product. This rating is often used as the determining factor or one of the factors in establishing listing positioning.

In just the past few years, the trend of user reviews and ratings has extended into local search sites. As a result, now nearly all local search sites offer a ratings and review component to their listing information.

YellowPages.com Business Listing Example


By Gregg Stewart