Word: searchings
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...destroyed. Many companies track the content of their workers' emails and whether they spend hours each day online interacting with their friends on Facebook. The press recently reported that Google (GOOG) has created software that can predict whether its employees will quit. The next step will be that the search company will forecast which people it will fire. That should save its human resources staff a great deal of time and anguish. Google may even find that HR is not necessary. Software can perform all of the functions that a human can. (Read: "How Not to Be Hated on Facebook...
...trouble with the search-engine business is that its future may have almost nothing to do with whether search results get more accurate. Google's information is already more than adequate for the huge majority of people who want to find information online. At some point, and that point has probably been reached, people cannot tell the difference between flying in an airplane that is at 32,000 feet and one that is flying 1,000 feet higher. The change in perspective means nothing to them. All they know is that they are as high as they have...
...Search is facing the same problem as the chip business. Intel (INTC) and AMD (AMD) make semiconductors that are so powerful, very few PC buyers can use all of their computational power. A lot of what the chips can do is wasted. Upgrading to a more powerful processor does not mean much to people who cannot tell the difference. That leaves a few corporations and people who play complex video games as the only discriminating buyers of PCs with ultra-powerful processors. Just three or four years ago, the difference between one generation of semiconductor and another meant something...
Creating a new search engine is a tremendous risk at this stage because it's remarkably expensive to build and market one that has any chance in the mass market. To make the proposition harder, not only do people prefer Google to other products, but also most people are not able to tell whether a search product coming to market now is better. Good is so excellent that it is not good anymore...
...There are going to be changes to the boards of every major financial-services firm," says Clarke Murphy, co-head of the board-services practice at executive-search firm Russell Reynolds. "As many as half of their independent members [i.e., directors who are not officers of the bank] may change...