Google's Eric Schmidt Gives His 2014 Tech Predictions
Posted: December 31, 2013 by Alex Chan
Google's executive chairman Eric Schmidt took some time out from his busy schedule to give his tech forecast for 2014 in an interview with Bloomberg TV.
So what are Schmidt's predictions? What will be rocking our tech world in 2014?
First of all, Schmidt emphasizes the ever-presence of smartphones, saying "everyone is going to have a smart phone." This means the era of mobile applications is yet to reach its peak. To which, Schmidt also adds that while so far "the trend has been mobile was winning; now it's won."
Next, he mentions "the arrival of big data and machine intelligence", which will have a major effect on business globally. Or what he actually has in mind is "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" and so forth.
Highlighting the importance of personal genetics, Schmidt forecasts that there will be breakthroughs in cancer treatments and diagnostics, which will be "unfathomably important".
Finally, he concludes the two-minute-long interview confessing his biggest mistake, i.e., "not anticipating the rise of the social networking phenomenon". Making a promise that they won't make the same mistake again at Google, Schmidt admits that they have missed that because "we were busy working on many other things, but we should have been in that area and I take responsibility for that."
The full video of Schmidt looking into his crystal ball is available above.