After penning a guide for iOS users switching to Android, Google’s Eric Schmidt is back in the headlines again. This time he is on Bloomberg TV talking about his technology predictions for the upcoming year. Schmidt is relatively conservative in his forecast for 2014. He claims that mobile has won, noting that next year will be the year that “everyone is going to have a smartphone.” Schmidt also predicts that the “arrival of big data and machine intelligence everywhere” will change how we work and play. He also sees great opportunity in the field of genetics, with technology like personal genetics records possibly yielding “discoveries in cancer treatment and diagnostics over the next year.”

One surprise prediction is Schmidt’s admission that he was responsible for Google dropping the ball on social networking and promises the company won’t make that mistake again.

“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. 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.”

Schmidt talked to Bloomberg for only a few minutes, but he packs a lot into his interview. You can check it out in the video embedded below.