Google "Over 1 billion shopping-related cases every day... AI connects search and shopping"
Google announced on the 22nd that it is connecting the existing search engine usage experience to shopping with artificial intelligence (AI) technology.
Dan Taylor, Vice President of Google Global Advertising [Photo = Google Korea]
According to Google Korea, Dan Taylor, Vice President of Google Global Advertising, made this announcement during an online (video) briefing while introducing the company's various services and business status.
Regarding the current status of the image-based search function 'Google Lens,' Vice President Taylor said, "The number of monthly searches reaches 20 billion, and one in four of these are searches with commercial intent or purpose." He added, "The 'Circle to Search' function linked to Google Lens allows users to search for elements of interest on the screen without switching apps, and leads searches to shopping." He also emphasized that
Google and the video service YouTube play an important role in the process of consumers finding and selecting products to purchase. "More than 1 billion shopping-related actions take place a day across Google platforms," said VP Taylor, citing statistics, adding, "73% of online shopping journeys for U.S. consumers are connected to Google or YouTube, and in Korea, 52% of Generation Z (born between the mid-1990s and early 2010s) aged 18 or older use Google for shopping." According
to VP Taylor, 78% of social media (SNS) users in Korea use YouTube or Google searches to further check and evaluate products they discovered on social media. A survey found that 47% of domestic consumers use Google or YouTube to find new brands, products, and shopping malls.
Google added that it is continuously investing in AI so that brands can connect with consumers in a deeper and more meaningful way, and so that consumers can meet brands that are meaningful to them. Google emphasized that Google's AI-based solutions are effectively supporting business growth in the Korean market as well, citing the results of a study conducted with the Boston Consulting Group (BCG) that found that marketers who actively utilized AI tools recorded an average of 60% higher sales growth than those who did not.
As part of this, Google introduced LG Uplus' introduction of an AI-based expanded search function, Yanolja's production of campaign video ads using 'YouTube Shorts Maker', and Neowiz's 'P's Lie' integrated marketing strategy as successful cases of AI utilization in the Korean market.
https://www.inews24.com/view/blogger/1837027
Dan Taylor, Vice President of Google Global Advertising [Photo = Google Korea]
According to Google Korea, Dan Taylor, Vice President of Google Global Advertising, made this announcement during an online (video) briefing while introducing the company's various services and business status.
Regarding the current status of the image-based search function 'Google Lens,' Vice President Taylor said, "The number of monthly searches reaches 20 billion, and one in four of these are searches with commercial intent or purpose." He added, "The 'Circle to Search' function linked to Google Lens allows users to search for elements of interest on the screen without switching apps, and leads searches to shopping." He also emphasized that
Google and the video service YouTube play an important role in the process of consumers finding and selecting products to purchase. "More than 1 billion shopping-related actions take place a day across Google platforms," said VP Taylor, citing statistics, adding, "73% of online shopping journeys for U.S. consumers are connected to Google or YouTube, and in Korea, 52% of Generation Z (born between the mid-1990s and early 2010s) aged 18 or older use Google for shopping." According
to VP Taylor, 78% of social media (SNS) users in Korea use YouTube or Google searches to further check and evaluate products they discovered on social media. A survey found that 47% of domestic consumers use Google or YouTube to find new brands, products, and shopping malls.
Google added that it is continuously investing in AI so that brands can connect with consumers in a deeper and more meaningful way, and so that consumers can meet brands that are meaningful to them. Google emphasized that Google's AI-based solutions are effectively supporting business growth in the Korean market as well, citing the results of a study conducted with the Boston Consulting Group (BCG) that found that marketers who actively utilized AI tools recorded an average of 60% higher sales growth than those who did not.
As part of this, Google introduced LG Uplus' introduction of an AI-based expanded search function, Yanolja's production of campaign video ads using 'YouTube Shorts Maker', and Neowiz's 'P's Lie' integrated marketing strategy as successful cases of AI utilization in the Korean market.
https://www.inews24.com/view/blogger/1837027
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