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Eric Schmidt's Big Predictions for 2014

It's that time again when everyone makes a few bold predictions for the year to come. This year, Google's executive chairman Eric Schmidt is joining in on the fun.
In an interview with Bloomberg TV about 2014 trends, Schmidt highlighted the growing importance of big data for businesses and the rise of personal genetics. But the key trend, according to Schmidt, boils down to one word: mobile.
"The trend has been that mobile was winning. It's now won," he said in the interview. "There are more tablets and phones being sold than personal computers. People are moving to this new architecture very fast." For that reason, he believes we will see a "new generation of applications" emerge to fill changing needs for entertainment, social networking and more.
Even Schmidt, though, isn't always the best at spotting technology changes coming down the road. In the video, he admitted once again that he completely missed the boat on social media while he was CEO at Google.
"At Google, the biggest mistake I made was not anticipating the rise of the social networking phenomenon," Schmidt said. "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."

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