What Eric Schmidt Predicts For 2014

At the end of 2013, Google Executive Chairman Eric Schmidt shared his outlook for 2014 on Bloomberg TV’s “Ask a Billionaire.” From his unique position as a leader in technology and business, Schmidt offered his (albeit conservative) predictions on 2014’s biggest change, disruptor and disruption. Schmidt confesses his biggest mistake at Google and shares Google’s plans for growth in 2014. Here are our thoughts and what Schmidt revealed:

  • “The biggest change for consumers is going to be that everyone’s going to have a smartphone. The trend has been that mobile is winning — it’s now won. There are more tablets and phones being sold than personal computers — people are moving to this new architecture very fast.”
  • The biggest disruptor that we’re sure about is the arrival of big data and machine intelligence everywhere — so the ability to find people, to talk specifically to them, to judge them, to rank what they’re doing, to decide what to do with your products, changes every business globally.”
  • “The biggest disruption that we don’t really know what’s going to happen is probably in the genetics area. The ability to have personal genetics records and the ability to start gathering all of the gene sequencing into places will yield discoveries in cancer treatment and diagnostics over the next year that that are unfathomably important.”
  • “At Google the biggest mistake that I made was not anticipating the rise of the social networking phenomenon — not a mistake we’re going to make again … but we should have been in that area, and I take responsibility for that.”
  • “Google is very much investing, we’re hiring globally, we see strong growth all around the world with the arrival of the Internet everywhere … Google benefits from transitions from traditional industries and shockingly even when things are tough in a country, because we have ROI-based advertising — it’s smarter to move your advertising from others to Google, so we win no matter whether the industries are in good shape or not, because people need our services.”