In June we announced the Analyze Competition feature in the Opportunities tab. At first, this feature was only available to a small number of advertisers using the English language AdWords interface, but now this feature is available to all English language accounts.
Analyze Competition helps you understand how your AdWords performance compares to that of other advertisers competing on similar keyword categories. Using the data in Analyze Competition, we hope you can make more informed decisions about which types of optimization changes are right for your account.
In addition to the feature’s core functionality, you can now also see the Google search terms that triggered your ad for each of the most specific sub-categories in your account. Click a category name to see more specific sub-categories. When the category name is no longer a link, you’ll know you’re at the most specific sub-category -- this is where you’ll see a "See search terms" link. Seeing the search terms that triggered your ad can serve as inspiration for new keyword ideas or help you understand if your keywords have been miscategorized by our system. If you see that the search terms listed for a given category are not related to the keywords in your ad groups, you may consider making keywords more specific or adding new negative keywords.
We hope to bring even more features to Analyze Competition in the future. To learn more about Analyze Competition, visit the Help Center, or watch this short video. You can also visit our page on the Ad Innovations site, which is the destination site for the newest, most innovative developments in AdWords.