marți, 28 aprilie 2015

Search Trends: Are Compound Queries the start of the Shift to Data-Driven Search? - Moz Blog


Search Trends: Are Compound Queries the start of the Shift to Data-Driven Search?

Posted on: Tuesday 28 April 2015 — 02:16

Posted by Tom-Anthony

The Web is an ever-diminishing aspect of our online lives. We increasingly use apps, wearables, smart assistants (Google Now, Siri, Cortana), smart watches, and smart TVs for searches, and none of these are returning 10 blue links. In fact, we usually don't end up on a website at all.

Apps are the natural successor, and an increasing amount of time spent optimising search is going to be spent focusing on apps. However, whilst app search is going to be very important, I don't think it is where the trend stops.

This post is about where I think the trends take us—towards what I am calling "Data-Driven Search". Along the way I am going to highlight another phenomenon: "Compound Queries". I believe these changes will dramatically alter the way search and SEO work over the next 1-3 years, and it is important we begin now to think about how that future could look.

App indexing is just the beginning

With App Indexing Google is moving beyond the bounds of the web-search paradigm which made them famous. On Android, we are now seeing blue links which are not to web pages but are deep links to open specific pages within apps:


This is interesting in and of itself, but it is also part of a larger pattern which began with things like the answer box and knowledge graph. With these, we saw that Google was shifting away from sending you somewhere else but was starting to provide the answer you were looking for right there in the SERPs. App Indexing is the next step, which moves Google from simply providing answers to enabling actions—allow you to do things.

App Indexing is going to be around for a while—but here I want to focus on this trend towards providing answers and enabling actions.

Notable technology trends

Google's mission is to build the "ultimate assistant"—something that anticipates your needs and facilitates fulfilling them. Google Now is just the beginning of what they are dreaming of.

So many of the projects and technologies that Google, and their competitors, are working on are converging with the trend towards "answers and actions", and I think this is going to lead to a really interesting evolution in searches—namely what I am calling "Data-Driven Search".

Let's look at some of the contributing technologies.

Compound queries: query revisions & chained queries

There is a lot of talk about conversational search at the moment, and it is fascinating for many reasons, but in this instance I am mostly interested in two specific facets:

  • Query revision
  • Chained queries

The current model for multiple queries looks like this:

You do one query (e.g. "recipe books") and then, after looking at the results of that search, you have a better sense of exactly what it is you are looking for and so you refine your query and run another search (e.g. "vegetarian recipe books"). Notice that you do two distinct searches—with the second one mostly completely separate from the first.

Conversational search is moving us towards a new model which looks more like this, which I'm calling the Compound Query model:

In this instance, after evaluating the results I got, I don't make a new query but instead a Query Revision which relates back to that initial query. After searching "recipe books", I might follow up with "just show me the vegetarian ones". You can already do this with conversational search:

Example of a "Query Revision"—one type of Compound Query

Currently, we only see this intent revision model working in conversational search, but I expect we will see it migrate into desktop search as well. There will be a new generation of searchers who won't have been "trained" to search in the unnatural and stilted keyword-oriented that we have. They'll be used to conversational search on their phones and will apply the same patterns on desktop machines. I suspect we'll also see other changes to desktop-based search which will merge in other aspects of how conversational search results are presented. There are also other companies working on radical new interfaces, such as Scinet by Etsimo (their interface is quite radical, but the problems it solves and addresses are ones Google will likely also be working on).

So many SEO paradigms don't begin to apply in this scenario; things like keyword research and rankings are not compatible with a query model that has multiple phases.

This new query model has a second application, namely Chained Queries, where you perform an initial query, and then on receiving a response you perform a second query on the same topic (the classic example is "How tall is Justin Bieber?" followed by "How old is he?"—the second query is dependent upon the first):

Example of a Chained Query—the second type of Compound Query

It might be that in the case of chained queries, the latter queries could be converted to be standalone queries, such that they don't muddy the SEO waters quite as much as as queries that have revisions. However, I'm not sure that this necessarily stands true, because every query in a chain adds context that makes it much easier for Google to accurately determine your intent in later queries.

If you are not convinced, consider that in the example above, as is often the case in examples (such as the Justin Bieber example), it is usually clear from the formulation that this is explicitly a chained query. However—there are chained queries where it is not necessarily clear that the current query is chained to the previous. To illustrate this, I've borrowed an example which Behshad Behzadi, Director of Conversational Search at Google, showed at SMX Munich last month:

Example of a "hidden" Chained Query—it is not explicit that the last search refers to the previous one.

If you didn't see the first search for "pictures of mario" before the second and third examples, it might not be immediately obvious that the second "pictures of mario" query has taken into account the previous search. There are bound to be far more subtle examples than this.

New interfaces

The days of all Google searches coming solely via a desktop-based web browser are already long since dead, but mobile users using voice search are just the start of the change—there is an ongoing divergence of interfaces. I'm focusing here on the output interfaces—i.e., how we consume the results from a search on a specific device.

The primary device category that springs to mind is that of wearables and smart watches, which have a variety of ways in which they communicate with their users:

  • Compact screens—devices like the Apple Watch and Microsoft Band have compact form factor screens, which allow for visual results, but not in the same format as days gone by—a list of web links won't be helpful.
  • Audio—with Siri, Google Now, and Cortana all becoming available via wearable interfaces (that pair to smart phones) users can also consume results as voice.
  • Vibrations—the Apple Watch can give users directions using vibrations to signal left and right turns without needing to look or listen to the device. Getting directions already covers a number of searches, but you could imagine this also being useful for various yes/no queries (e.g. "is my train on time?").

Each of these methods is incompatible with the old "title & snippet" method that made up the 10 blue links, but furthermore they are also all different from one another.

What is clear is that there is going to need to be an increase in the forms in which search engines can respond to an identical query, with responses being adaptive to the way in which the user will consume their result.

We will also see queries where the query may be "handed off" to another device: imagine me doing a search for a location on my phone and then using my watch to give me direction. Apple already has "Handover"which does this in various contexts, and I expect we'll see the concept taken further.

This is related to Google increasingly providing us with encapsulated answers, rather than links to websites—especially true on wearables and smart devices. The interesting phenomenon here is that these answers don't specify a specific layout, like a webpage does. The data and the layout are separated.

Which leads us to...

Cards

Made popular by Google Now, cards are prevalent in both iOS and Android, as well as on social platforms. They are a growing facet of the mobile experience:

Cards provide small units of information in an accessible chunk, often with a link to dig deeper by flipping a card over or by linking through to an app.

Cards exactly fit into the paradigm above—they are more concerned with the data you will see and less so about the way in which you will see it. The same cards look different in different places.

Furthermore, we are entering a point where you can now do more and more from a card, rather than it leading you into an app to do more. You can response to messages, reply to tweets, like and re-share, and all sorts of things all from cards, without opening an app; I highly recommend this blog post which explores this phenomenon.

It seems likely we'll see Google Now (and mobile search as it becomes more like Google Now) allowing you to do more and more right from cards themselves—many of these things will be actions facilitated by other parties (by way of APIs of schema.org actions). In this way Google will become a "junction box" sitting between us and third parties who provide services; they'll find an API/service provider and return us a snippet of data showing us options and then enable us to pass back data representing our response to the relevant API.

Shared screens

The next piece of the puzzle is "shared screens", which covers several things. This starts with Google Chromecast, which has popularised the ability to "throw" things from one screen to another. At home, any guests I have over who join my wifi are able to "throw" a YouTube video from their mobile phone to my TV via the Chromecast. The same is true for people in the meeting rooms at Distilled offices and in a variety of other public spaces.

I can natively throw a variety of things: photos, YouTube videos, movies on Netflix etc., etc. How long until that includes searches? How long until I can throw the results of a search on an iPad on to the TV to show my wife the holiday options I'm looking at? Sure we can do that by sharing the whole screen now, but how long until, like photos of YouTube videos, the search results I throw to the TV take on a new layout that is suitable for that larger screen?

You can immediately see how this links back to the concept of cards and interfaces outlined above; I'm moving data from screen to screen, and between devices that provide different interfaces.

These concepts are all very related to the concept of "fluid mobility" that Microsoft recently presented in their Productivity Future Vision released in February this year.

An evolution of this is if we reach the point that some people have envisioned, whereby many offices workers, who don't require huge computational power, no longer have computers at their desks. Instead their desks just house dumb terminals: a display, keyboard and mouse which connect to the phone in their pockets which provides the processing power.

In this scenario, it becomes even more usual for people to be switching interfaces "mid task" (including searches)—you do a search at your desk at work (powered by your phone), then continue to review the results on the train home on the phone itself before browsing further on your TV at home.

Email structured markup

This deserves a quick mention—it is another data point in the trend of "enabling action". It doesn't seem to be common knowledge that you can use structured markup and schema.org markup in emails, which works in both Gmail and Google Inbox.

Editor's note: Stay tuned for more on this in tomorrow's post!

The main concepts they introduce are "highlights" and "actions"—sound familiar? You can define actions that become buttons in emails allowing people to confirm, save, review, RSVP, etc. with a single click right in the email.

Currently, you have to apply to Google for them to whitelist emails you send out in order for them to mark the emails up, but I expect we'll see this rolling out more and more. It may not seem directly search-related but if you're building the "ultimate personal assistant", then merging products like Google Now and Google Inbox would be a good place to start.

The rise of data-driven search

There is a common theme running through all of the above technologies and trends, namely data:

  • We are increasingly requesting from Search Engines snippets of data, rather than links to strictly formatted web content
  • We are increasingly being provided the option for direct action without going to an app/website/whatever by providing a snippet of data with our response/request

I think in the next 2 years small payloads of data will be the new currency of Google. Web search won't go away anytime soon, but large parts of it will be subsumed into the data driven paradigm. Projects like Knowledge Vault, which aims to dislodge the Freebase/Wikipedia (i.e. manually curated) powered Knowledge Graph by pulling facts directly from the text of all pages on the web, will mean mining the web for parcels of data become feasible at scale. This will mean that Google knows where to look for specific bits of data and can extract and return this data directly to the user.

How all this might change the way users and search engines interact:

  1. The move towards compound queries will mean it becomes more natural for people to use Google to "interact" with data in an iterative process; Google won't just send us to a set of data somewhere else but will help us sift through it all.
  2. Shared screens will mean that search results will need to be increasingly device agnostic. The next generation of technologies such as Apple Handover and Google Chromecast will mean we increasingly pass results between devices where they may take on a new layout.
  3. Cards will be one part of making that possible by ensuring that results can rendered in various formats. Users will become more and more accustomed to interacting with sets of cards.
  4. The focus on actions will mean that Google plugs directly into APIs such that they can connect users with third party backends and enable that right there in their interface.

What we should be doing

I don't have a good answer to this—which is exactly why we need to talk about it more.

Firstly, what is obvious is that lots of the old facets of technical SEO are already breaking down. For example, as I mentioned above, things like keyword research and rankings don't fit well with the conversational search model where compound queries are prevalent. This will only become more and more the case as we go further down the rabbit hole. We need to educate clients and work out what new metrics help us establish how Google perceive us.

Secondly, I can't escape the feeling that APIs are not only going to increase further in importance, but also become more "mainstream". Think how over the years ownership of company websites started in the technical departments and migrated to marketing teams—I think we could see a similar pattern with more core teams being involved in APIs. If Google wants to connect to APIs to retrieve data and help users do things, then more teams within a business are going to want to weigh in on what it can do.

APIs might seem out of the reach and unnecessary for many businesses (exactly as websites used to...), but structured markup and schema.org are like a "lite API"—enabling programmatic access to your data and even now to actions available via your website. This will provide a nice stepping stone where needed (and might even be sufficient).

Lastly, if this vision of things does play out, then much of our search behaviour could be imagined to be a sophisticated take on faceted navigation—we do an initial search and then sift through and refine the data we get back to drill down to the exact morsels we were looking for. I could envision "Query Revision" queries where the initial search happens within Google's index ("science fiction books") but subsequent searches happen in someone else's, for example Amazon's, "index" ('show me just those with 5 stars and more than 10 reviews that were released in the last 5 years').

If that is the case, then what I will be doing is ensuring that Distilled's clients have a thorough and accurate "indexes" with plenty of supplementary information that users could find useful. A few years ago we started worrying about ensuring our clients' websites have plenty of unique content, and this would see us worrying about ensuring they have a thorough "index" for their product/service. We should be doing that already, but suddenly it isn't going to be just a conversion factor, but a ranking factor too (following the same trend as many other signals, in that regard)

Discussion

Please jump in the comments, or tweet me at @TomAnthonySEO, with your thoughts. I am sure many of the details for how I have envisioned this may not be perfectly accurate, but directionally I'm confident and I want to hear from others with their ideas.


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Seth's Blog : Good design (and serial numbers)

Good design (and serial numbers)

Bosch puts the serial number for its dishwashers on the side of the door, not the top. Which means that 50% of the time, if the device is mounted in a corner, it's impossible to see the serial number.

Most companies use 0 and o and O in their serial numbers, as well as 1 and I. If they used nothing but letters, words in fact, there'd be no confusion. Make a list of 1000 short words, use each word twice and you have a million numbers. FISHY-LASSO, for example. Easy to remember, hard to screw up.

And there might be a reason to use really small type, but it's hard for me to understand why.

Of course, serial numbers are merely a symptom. I'm not particularly ranting about them. Design is about function. Everything we do has a job, and if it's designed properly, the job will get done well.

When we think about what might go wrong, we're more likely to design something that goes right. 

       

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Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


Valuations: Maybe I am Crazy

Posted: 27 Apr 2015 11:57 PM PDT

Relative vs. Absolute Value

As I watch valuations on stocks soar higher and higher into the stratosphere, I keep asking "where is the value?"

The problem for most is confusing "relative" value vs. absolute value. Stocks may be "cheap vs. bonds" but what does that matter if bonds are ridiculously overpriced?

Fair Value Has Three Digits

John Hussman has an interesting post this week entitled Fair Value on the S&P 500 Has Three Digits.

The last time I quoted Hussman, a manager for a prominent investment firm emailed something on the lines of "Mish, please do yourself a favor and stop referring to Hussman".

Actually, that was likely be good advice. The problem I have with the advice is simple: I happen to agree with Hussman.

Right, wrong, or in between, I say what I believe. I do not say things I disagree with to get blog traffic up, investments up, or page hits up. I say what I believe, and I suspect it has cost me traffic because I upset Republicans and Democrats, equity bulls and bears, and US treasury bulls and bears.

Life would be so much simpler for me if I was obnoxiously one sided, if I never offended anyone ever, or if I purposely offended everyone all the time.

It's tough annoying half the people half the time, yet here we go again.

Value Investing: Is it Possible? What Does it Mean?

Please consider a few snips from Hussman. Emphasis in bold by Hussman.
Last week, the Nasdaq Composite finally clawed its way to breakeven, 15 years after its spectacular bubble peak in 2000. It's a testament to the overvaluation of technology stocks in 2000 that it has required the third equity bubble in 15 years to reclaim that 2000 high, at least briefly.

Where is "fair value" today? We have to be careful here because the concept of "fair" depends on your assumptions about what a reasonable investment return should be. If I show you a security that's expected to pay out $100 ten years from today, and I tell you that the current price is $82, you can quickly calculate that the expected return on that security is 2% annually – and you don't need to know anything about interest rates to do that arithmetic. Interest rates come in after you do that arithmetic. Interest rates then matter only because they give you something to compare with that 2%. Now, if you decide that a 2% annual return over the coming decade is just fine with you, in view of competing alternatives, then it's fine to call that security "fairly valued." But even if you decide that the security is fairly valued, you should still expect a 2% annual return over the coming decade. If you viewed a 10-year return of 8% as reasonable, you'd peg "fair value" at $46.32.

On the basis of valuation measures best correlated with actual subsequent market returns, we can say with a strong degree of confidence that the S&P 500 would presently have to drop to the 940 level in order for investors to expect a historically normal 10-year total return of 10% annually. That 940 figure for the S&P 500 would not represent some extreme, catastrophic outcome. It's not a level that would even represent undervaluation from a historical perspective. It's the level that we would associate with average, historically run-of-the-mill long-term equity returns. As we observed at the 2000 peak, "if you understand values and market history, you know we're not joking."

Last month, Stan Druckenmiller recounted his own experience with capitulation and performance chasing when he was the lead portfolio manager for George Soros and the Quantum Fund:

"I'll never forget it. January of 2000 I go into Soros' office and I say I'm selling all the tech stocks, selling everything. This is crazy... Just kind of as I explained earlier, we're going to step aside, wait for the next fat pitch. I didn't fire the two gun slingers. They didn't have enough money to really hurt the fund, but they started making 3 percent a day, and I'm out. It's driving me nuts. I mean, their little account is like up 50% on the year. I think Quantum was up seven. It's just sitting there.

"So like around March I could feel it coming. I just – I had to play. I couldn't help myself. And three times during the same week I pick up a – don't do it. Don't do it. Anyway, I pick up the phone finally. I think I missed the top by an hour. I bought $6 billion worth of tech stocks, and in six weeks I had left Soros and I had lost $3 billion in that one play. You ask me what I learned. I didn't learn anything. I already knew I wasn't supposed to do that. I was just an emotional basket case and couldn't help myself. So maybe I learned not to do it again, but I already knew that."
Not Predictions

Please note that 940 is not a prediction by Hussman or by me. It is a value judgment. The S&P "fair value" number would be higher at an 8% discount and even higher at a 6% discount.

And regardless of the discount rate, stocks can overshoot or undershoot. Stocks can also go sideways for 8-10 years doing much of nothing. Japan is proof enough.

Please don't tell me "It cannot happen here". It can.

Pension plans would be destroyed if stocks go nowhere for 8 years. Moreover, I suspect the Fed would be  relatively pleased at such a benign outcome (assuming that was the only adverse outcome).

Where is Value?

Value is always in the eyes of the beholder. People saw valued in dotcom companies in 2000, in housing in 2006, in gold in 1980, in Japan in 1990.

Today people see value in negative yield government bonds, in junk bonds that pay interest in debt, and in equities that have a smoothed valuation as high or higher than 1929, 2000, and 2007.

Maybe I am Crazy

I see value in in gold and gold miners, in yen-hedged Japanese equities, and in Russian equities at a PE of 6 (see Readers ask "How Does One Invest in Russia?")

But hey, maybe I am crazy. Maybe we see government bonds trading at -5.0% yield and smoothed PEs at 35, topping valuations of 2000 and 1929.

Things are nearly always cheap "relative" to something else. There's a chance the "something else" of the future refers to peak valuations, not now, but rather in 2016.

Feelin' lucky?

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Sad News For Greece? Will Greece Kiss Troika's Ass?

Posted: 27 Apr 2015 06:55 PM PDT

I am convinced the best thing for Greece is to tell the troika where to go. And recent events (at least until today) suggested Greece would do just that.

On the other hand, extreme sentiment is usually wrong. It may not be, it just usually is. So please consider the British betting site, William Hill.

Sentiment is so lopsided that the British betting site William Hill No Longer Accepts Bets On Greece.

"No player seems interested in betting that Greece remains in the euro zone until the end of the year."

Greek Capitulation?

Wow. Zero bets is mathematically as lopsided as it gets.

Meanwhile, please consider Tsipras Reshuffles Negotiating Team to Sideline Varoufakis.
Greece's outspoken finance minister Yanis Varoufakis has been sidelined after three months of fruitless talks with international creditors to unlock €7.2bn in bailout funds, heartening investors and sparking a rally on the Athens stock market.

Eurozone officials said they were encouraged by the move by Alexis Tsipras, Greece's prime minister, to overhaul his bailout negotiating team in the wake of an acrimonious meeting of eurozone finance ministers in Riga last week.

The shake-up comes as Athens faces questions over whether it can meet this month's wage and pension bill of nearly €2bn as well as a €750m loan repayment due to the International Monetary Fund on May 12.

The Athens stock market rose nearly 4.4 per cent on the news and borrowing costs on Greece's July 2017 bonds were down almost 4 percentage points from Friday's close to 21 per cent. Yields on Greece's benchmark 10-year bonds were down a full percentage point at 11.4 per cent.

The socialist opposition Pasok party said the government was "emasculating Mr Varoufakis . . . and attempting to send a message to the Europeans and the IMF indicating political will for an agreement".

While Mr Varoufakis retained his position as finance minister, Euclid Tsakalotos, deputy foreign minister for economic affairs, was appointed coordinator of the new team. The Oxford-educated economist is close to Mr Tsipras and his appointment was seen as an attempt to shield the new team from Mr Varoufakis.

A government official insisted the finance minister would remain involved, heading a new "political negotiating team" and would remain "in the frame of collective decision-making and execution" by the leftwing Syriza-led government.
Negotiation Shuffle

Betting sites and reality are not exactly the same thing.

Yet, given the "negotiation shuffle" the odds Greece is willing to kiss the Troika's ass just moved up quite a bit, even without German Chancellor Angela Merkel injecting herself into the picture.

This is not a good development for Greece in my opinion.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

6th Straight Negative New Orders Reading for Dallas Fed Manufacturing Survey

Posted: 27 Apr 2015 10:50 AM PDT

New orders in the Dallas Fed manufacturing survey came in negative for the sixth straight month today.

Weakness was expected due to collapse in oil prices, but the business activity range number was lower than any Bloomberg Consensus estimate.

Bloomberg Consensus



Texas Manufacturing Weakens Again

The Dallas Fed reports Texas Manufacturing Activity Weakens Again
Texas factory activity declined in April, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, posted a second negative reading in a row, coming in at -4.7.

Other measures of current manufacturing activity also reflected continued contraction in April. The new orders index edged up but remained negative at -14. The growth rate of orders index held steady at -15.5, posting its sixth consecutive negative reading. The capacity utilization index pushed further negative to -10.4, its lowest level since August 2009, and the shipments index edged up but stayed below zero at -5.6.

Perceptions of broader business conditions remained quite pessimistic for a fourth month in a row. The general business activity index stayed negative but ticked up to -16 in April, while the company outlook index moved down to -7.8, reaching its lowest reading in nearly two and a half years.
Dallas Fed Results



click on chart for sharper image

Weakness remains nearly everywhere one looks. The one bright spot had been the monthly jobs report, at least until last month. That "weather" report comes out Friday.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

luni, 27 aprilie 2015

Damn Cool Pics

Damn Cool Pics


Before And After Photos Of Nepal Show The Effect Of A Deadly Earthquake

Posted: 27 Apr 2015 03:35 PM PDT

Nepal was recently hit by a deadly earthquake that changed the landscape of Kathmandu. Some of the most famous landmarks have been all but destroyed after the catastrophic event.

















How Much Are We Worth – The Human Body as a Commodity [Infographic]

Posted: 27 Apr 2015 03:18 PM PDT

Ever wondered how much your body parts or organs are worth on the black market? Or the value of the brain's storage capabilities? Or even how much gold is in your body? If you have (or even if you haven't), this new infographic from Buddy Loans will fascinate you, and answer those questions. This infographic looks at the human body as a commodity, putting a financial value on each of our bodies.


Click on Image to Enlarge.

via buddyloans

Sights You Will Only See In Russia

Posted: 27 Apr 2015 12:06 PM PDT

There are many reasons to love Russia many of which can be found in these pictures.

























The First Official Look At Jared Leto's Joker Has Arrived

Posted: 27 Apr 2015 10:14 AM PDT

We've seen a couple of teasers for Jared Leto's Joker but none of them compare to the first official look. A few days ago "Suicide Squad" director David Ayer revealed Jared Leto's Joker to the world and it's unlike anything you've ever seen before.