We sat down with our very own Chief Technology Officer Gerald Burnand to discuss what’s next in search advertising including the new Facebook Graph Search and its implications. With more than 15 years of experience in semantic technologies, Gerald shared his insights.
Q: Explain to us what Facebook Graph Search is?
GB: According to Facebook, “with graph search you can look up anything shared with you on Facebook, and others can find stuff you’ve shared with them. Each person sees unique results.”
At first glance, it seems that Facebook Graph Search might be an excellent vehicle to monetize Facebook’s content. Facebook Graph Search can qualify a user better than ever since it stands at the intersection between a users’ intent (the search terms) and their connections and interests (the graph). Therefore, advertisers hope that Facebook Graph Search will help reach their target audience more efficiently.
Q: What are some potential issues with this new monetization method?
GB: One potential issue is that Facebook Graph Search relies on people’s willingness to keep their personal information updated and accurate. A second issue is the tension between Facebook’s eagerness for making this data available to partners and the user’s desire to control how it is shared.
Q: What are some current misconceptions about the reality of Facebook Graph Search?
GB: Facebook is not the sole keeper of data about people, interests and connections. Google likely beats Facebook in that category. For all the data Facebook has collected about people through their chats, profiles, likes and connections, Google has a counterpart. Skeptical? Let’s look at the evidence:
Facebook Product
Google Product
Facebook Profiles
Google+ User Profiles
Facebook Likes
Google PlusOne
Facebook Connection Graph
GMail Contacts
Facebook Chats
Google + Chat
Q: What is Google doing right Now (pun intended) that challenges the Facebook Graph Search space?
GB: Take a look at Google Now. This new tool will help you manage your day by blending your data in one coherent stream of information. This application may become the ultimate advertisement machine, providing relevant advertisement, in context, at the right time and place.
Q: How long before we can expect Google to really challenge Facebook formally in this space?
GB: Not very long. It’s just a matter of time before Google delivers a competitive alternative to Facebook. Google is already a leader with a number of leading products including Google Search, Google Mail, Google Calendar, Google Maps and YouTube. Just this week Google announced the company will get even more personal with a new music streaming service, new Google+ features, updates to maps, and voice search on the desktop. More advancement is imminent and should prove to make an impact on all of us.
Learn more about Gerald at http://www.ntent.com/our-team