Google Search just got Smarter!

I imagine this was on the anvil and just around the corner, when I talked about a new search engine (see my post on Wolfram|Alpha) recently and was hinting about a whole new paradigm in search.

We have Google already launching something very very similar (if that is what Alpha intended to showcase, we will wait to see)…seemingly beating the competition by miles!  

Google has unveiled some really cool products recently that continue to reaffirm their supremacy in the Search market. The most recent being the Smarter Search capability.

Read more on this here: http://news.bbc.co.uk/2/hi/technology/8047076.stm

What with 20% of their time dedicated to innovations and pet projects, there’s no asking why Google comes up with so many innovative products!

It is not just the innovations, it’s the pace at which they are brought to market – a double whammy and a sure shot recipe for success… 

Google’s success, more so the reason for their success, is one of the foremost compelling factors that has pushed many organizations to believe in Innovations and realize the potential of Innovations.

Considering this background, I would propose that ROI (Return On Investment) should now be measured with a new metric and term: Rate of Innovation!

Rate of Innovation (ROI) = No. of Ideas implemented per day (ID) / Total No. of Ideas per day (TI)

where; TI should be >= 1 and the best ROI is 1.

Today almost all the operational models have Innovation as a major component. However, the important thing to note here, is that it’s not good enough to focus on just innovations, what really makes the difference is the combination of :

  1. Focus on Innovations; and
  2. The speed with which innovations can be realized!

This is going to be the metric we will be talking about in future. This is Innovation at a pace! It can only get better with this!

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