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Schmidt makes his 2014 predictions

Google Executive Chairman Eric Schmidt made his 2014 predictions for Bloomberg TV recently, and said he believes everyone is going to have a smartphone. 
 
"The trend has been mobile was winning," said Schmidt in the Bloomberg TV video. "It's now won."
 
Google certainly has a lot to celebrate in the mobile realm. Its mobile operating system Android has achieved over 80 percent global market share, leaving competitors like Apple's iOS (12.9 percent) and Windows Phone (3.6 percent) in its dust. 
 
Schmidt went on to say that big data and machine intelligence will be the "biggest disruptor" as it becomes available everywhere and creates new services, such as the ability to locate people, rank what their doing, design products, etc. He said this would undoubtedly change every business globally. 
 
However, Schmidt said a huge disruptor that doesn't have a clear outcome yet is in the realm of genetics, but he suspects greater DNA sequencing could potentially help with cancer treatments and diagnostics over the next year. 
 
On a final note, Schmidt admitted that Google missed the train when it came to social networking, but that won't be the case in 2014. 
 
"The biggest mistake that I made was not anticipating the rise of the social networking phenomenon," said Schmidt. "Not a mistake we’re going to make again. I guess in our defense we were busy working on many other things, but we should have been in that area and I take responsibility for that."
 
Google unveiled its own social network, Google+, back in 2011. However, Facebook was far ahead with a 2004 birth date and has blossomed into the world's largest social network with over 1 billion users. Twitter launched shortly after in 2006.
 
But Google+ never really seemed to catch on. It had a lot of momentum at first, gaining 10 million users by July 15, 2011 (it launched June 28 of that year), but after some time, users fell silent.
 
Later that year, Google+ Vice President of Product Bradley Horowitz said Google+ wasn't meant to be an alternative to Facebook or Twitter, but rather a better experience on Google. 
 
You can check out Schmidt's Bloomberg video below: 

Source: Bloomberg





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