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December 31, 2013

Google’s Schmidt Looks Ahead to 2014

Admits Google Missed the Boat on Social Media

Google Eric Schmidt
Google image — Chairman Eric Schmidt.

Google chairman Eric Schmidt is not afraid to admit his mistakes.

In an interview with Bloomberg, Schmidt admitted the social media craze passed Google by in the early going, leaving the technology giant playing catch up — a position it is not used to being in.

“At Google, the biggest mistake that I made was not anticipating the rise of the social networking phenomenon,” Schmidt said.

“In our defense, we were working on many other things, but we should have been in that area and I take responsibility for that.”

Schmidt also made some predictions for 2014. The biggest change, he said, is “everyone is going to have a Smartphone.”

“The fact that so many people are connected to a super computer means, essentially, a whole new generation of applications around entertainment, communication, socializing,” he said.

“The trend has been mobile was winning; it’s now won. There are now tablets and phones being sold than personal computers. People are moving to this new architecture very fast.”

Schmidt also talked about Big Data, saying more and more companies will collect and study the reams of information coming into their servers on a daily basis.

When it comes to personal genetics, however, Schmidt was less sure about what the future holds, although he said the potential is great when it comes to discoveries for cancer treatment and diagnostics.


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One Response to “Google’s Schmidt Looks Ahead to 2014

    As a business owner, I applaud Chairman Schmidt’s morality and professionalism at admitting mistakes. Most business leaders in this society don’t step up and “take ownership,” as it were.

    I agree with him completely about the smartphone, tablet, handheld computer (versus desktop) movement in society. Even those who have never had a computer are joining the technological revolution. Through our company’s charitable work, I’ve noticed people who have NOTHING…yet have smartphone technology and access to computers (and knowledge as to how to use them)! I have also noticed, that for some of our more senior clients (and/or relatives of clients, retired executives, etc.), the newest technologies are slower to be welcomed and utilized, yet they are still moving in that direction. Change is inevitable. It’s refreshing to see people interested in learning how to use technology. I’m a bit disappointed that the “personal touch” of handwritten communications has virtually become a thing of the past, but techology and social media are here in a big way…and to stay, so it’s up to us as business leaders to keep the “personal lines of communication” open and frequent.

    There are exciting things happening now and planned for the future — just take a look inside any medical facility or building/manufacturing (like yacht construction) facility, and you’ll be amazed at the advances in technology.

    One other thing I’ve noticed is that society in general is moving more toward caring for others (think: Pay It Forward, Practice Random Acts of Kindness) and for animals. People are stepping up to help others (and to keep others – and animals – from harm) in my experience. All aspects of life are being directed toward recycling, reducing, and reusing….just loving the Earth and caring about our surroundings. Yes, we have far to go, but it’s very refreshing to see such a dramatic shift. It’s yet another focus on “Making a Difference,” and that’s an important theme to expand upon in to 2014 in business and personal lives.

    Congratulations on your and Google’s many successes, Chairman Schmidt.

    Jana L. Sheeder
    President
    SailAway Yacht Charter Consultants, Inc.

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