Several years ago, Google's top executives clearly realized they needed to create growth engines beyond search. As they looked for new opportunities, two stood out: first, the shift from the PC web to mobile, and second, the rise of "intelligent display" – advertising that works at the brand level, and…

Several years ago, Google’s top executives clearly realized they needed to create growth engines beyond search. As they looked for new opportunities, two stood out: first, the shift from the PC web to mobile, and second, the rise of “intelligent display” – advertising that works at the brand level, and not just lead-generation and demand fulfillment, which is where search has always ruled.
The moves the company subsequently made have both paid off. First, Google acquired Android and then AdMob. And second, it acquired Doubleclick, and began in earnest to build out (and buy) a display network that moved AdSense from a secondary remnant network to a first-order premium display platform. The two are clearly connected.
At the IAB conference earlier this year, then Google CEO (now Executive Chairman) Eric Schmidt declared that the Internet display market would reach $200 billion. Yep, that’s two hundred billion dollars. Eric didn’t give a ton of details about how that number might be achieved, but he did mention the core obstacles to reaching it: making digital as efficient and as easy to buy as television. Right now, it’s not.
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