The last days of the year is the perfect time to make bold, exciting predictions for the next year in line. For 2014, Eric Schmidt, Google’s top executive has revealed a few of his insights for the company’s future in which he wants to focus on mobile.
Schmidt recently gave an interview with Bloomberg TV and he stated that 2014 will see Google focusing more on the potential of data management for business as well as the industry of personal genetics.
Aside from making big predictions, Schmidt also reflected on some misjudgements that the company has done over the years. In the interview, he admitted that as the company’s chief executive, he neglected to value the potential that social media has in promoting their business and reaching onto their consumers.
"At Google, the biggest mistake I made was not anticipating the rise of the social networking phenomenon," Schmidt told Bloomberg. "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."
Although it is clear that the company will tap the resources of the social media, Schmidt revealed that 2014’s biggest trend will still lie on the mobile industry.
"The trend has been that mobile was winning. It's now won," Schmidt added. "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.
Eric Schmidt is currently Forbes magazine’s 138th-richest person in the world and his current net worth is $8.3 billion. He joined Google’s board of directors in May 2001 and in August of the same year, he was named as the company’s CEO.
