Google has given the Aha moment to the world with Google Duplex announcement during May 2018.
How may they commercialize it? How can Google bring synergies in various products and monetize on voice commerce? Here is what I thought.
How would it be if you can tell Google to order the products that you see in YouTube videos? Here is a possible prototype by combining Google Duplex with Google Ads to deliver AI based advertising.
Product Ecosystem that would be needed in this: Google Voice Assistant + AI/ Duplex environment tied up with Google Ads, Google Shopping and Google Pay.
This was designed by me as part of the UCLA PGPX case competition delivered at UCLA Anderson School of Management on 14 December 2018
Google Voice Commerce on YouTube: A possible prototype by combining Google Duplex with Google Ads
1. Synergize Google
products and monetize
on voice commerce
Presented at UCLA PGPX – Case
Competition
UCLA Anderson School of
Management
December 14, 2018
Team 4 : Ankita, Bibhuti, Girish, Harsha,
Shyam, Shiv
2. What is our aim?
To make Google Duplex as
the most preferred voice
commerce platform and
add revenues up to USD 30
Billion in next 5 years.
Synergize Google products and monetize on voice commerce
5. Current e-commerce Landscape in US?
Market Revenue Google Share
V-commerce* USD 50 Bn USD 10 Bn @20%
Voice Search** USD 95 Bn USD 19 Bn @20%
Source* – OC & C
Source**– Econsultancy
6. - 2 billion monthly active
Android devices
- Google Assistant is now
on over 500 million devices
- Google Home users in
USA - 38.5 million
User base for Voice Monetization
11. 1. Current Ad delivery: Display and Video ads – customized as per user behavior &
marketers needs
2. Nike Shoes of Rafael, the customer wants to buy (Missed Revenue Opportunity for
Google and marketers)
12. How to change this?
‘Level 1’ AI
Recognizing objects in video & Deliver ads on the products in videos
13. 1. Possible Ad delivery – Product identified from live video, product ad shown to
customer (Maximize Ad Revenue)
2. Nike Shoes of Rafael, the customer wants to buy (Sell it on Google Store or partner
stores)
Product Ecosystem: YouTube, Google Cloud Video Intelligence, Google Ads, Google
Shopping, Google Pay
14. How does a manual Checkout
process look like:
1. User clicks the ad,
2. visits Google Shopping,
3. selects the size of shoes
4. check-out / pay
5. Order confirmed
15. How to Moonshot?
‘Level 4’ AI –
Automate everything
Product Ecosystem: Google Voice Assistant + AI/ Duplex environment
tied up with Google Ads, Google Shopping, Google Pay
22. Google's revenue worldwide from 2002 to 2017
(in billion U.S. dollars)
Google's ad revenue from 2001 to 2017 (in billion U.S.
dollars)
Google Total Revenues Vs. Ad Revenues
26. Google Apps – Market Shares - Global & USA
63.5 – Global 60% – USA
1.9 billion/ month – Global 153 million/ month of Sept. – USA
1.5 billion – Global 44% email user in US
1+ billion – Global 154 million/ month of Apr. – USA
27.
28. Voice is the new search and
Duplex is the new operating
system for the world
29.
30. Where people keep their voice-activated
speakers
What voice-activated speaker owners would like to receive
from brands
Google January 2018 - conducted research with people who own a voice-activated speaker.
5 ways voice assistance is shaping consumer behavior
https://www.thinkwithgoogle.com/consumer-insights/voice-assistance-consumer-experience/
Google January 2018 - conducted research with people who own a voice-activated speaker.
5 ways voice assistance is shaping consumer behavior
https://www.thinkwithgoogle.com/consumer-insights/voice-assistance-consumer-experience/
In general artificial intelligence remains more than a decade away and is still at the stage of early innovation. So, let us mononetize on what we have quickly to beat Amazon as a competition in voice search.
http://www.cityam.com/265597/gartner-hype-cycle-2017-artificial-intelligence-peak-hype