Google CEO: 'Big bets' on non-core products are worth the risk
IDG News Service - Google's core offering may be search, but the company is just as serious about providing in-the-moment information to users with emerging technologies such as Google Now, self-driving cars and Google Glass, CEO Larry Page said during the company's recent earnings call with analysts.
Those products, along with voice-based search and others, may be risky "big bets," but Google doesn't want to be focused only on "incremental technologies," Page said.
"That is why we're investing in what appear to be speculative projects," he added. "[Most companies] never do anything different, and they run into problems for that reason."
During the conference call, financial analysts asked how Google will monetize new products such as Google Now, which functions as a kind of personal digital assistant to automatically give users information as they go about their day.
"I'm not worried about that," Page said. "The better the job we can do in providing users with information without their asking for it, the better we can provide commercial information from people who are excited about promoting it."
For the latest quarter, Google's sales rose by 31% to about $14 billion, driven partly by strong gains in advertising revenue.
This version of this story was originally published in Computerworld's print edition. It was adapted from an article that appeared earlier on Computerworld.com.
- Social Media Education: The New Edge for Success Failure to train for social media will cost your business money. A recent report showed how digitally prepared companies can unlock up to...
- Social Media in Technology: A Unified Strategy for Success Find out how social media is sparking a new era of customer and industry-understanding in technology enterprises and how industry leaders are overcoming...
- How Network Connections Drive Web Application Performance Users around the globe, on all sorts of devices, expect Web applications to function as seamlessly as desktop applications. This paper discusses the...
- SANS: Next-Generation Datacenters = Next-Generation Security This whitepaper takes a look at some new technology that may allow security teams to implement more flexible and capable protection models in...
- Is SQL Server AlwaysOn really as powerful? Tips and Tricks from the field With the introduction of AlwaysOn, Windows Clustering Services is now more critical than ever.
- What Does it Take to Deliver a Superior Customer Experience? The Two Top-Rated Online Retailers, B&H Photo and Crutchfield Electronics, Share Their Secrets Discuss practical CX tools and service methods such as contact center agents and the use of realtime speech analytics to help contact center... All Internet White Papers | Webcasts
Our new bimonthly Internet of Things newsletter helps you keep pace with the rapidly evolving technologies, trends and developments related to the IoT. Subscribe now and stay up to date!