Google's Eric Schmidt says, 'Mobile is the next big thing'

"In the near term, the next big thing is mobile. As it was last year and the year before that," Schmidt said here at a Nasscom event on the launch of an initiative on catalysing start-ups in India.

Emphasising on the growth in smartphone usage and mobile computing, he said businesses should have their best developers working on their mobile applications.

"As smartphones are growing, mobile apps are also going to be a big thing and no company can ignore that," he said.

Schmidt, who has previously worked with Novell and Sun Microsystems, said that Android will be a major player in the mobile phone market.

"Android is going to be the majority player in the market. It supports a lot of devices and is a great platform," he added.

Another thing which the Princeton University electrical engineering graduate feels is important for innovation is artificial intelligence. "I would want my computer to tell me what I have to do, who I have to meet, what I said and what wrong did I say. More artificial intelligence is going to drive innovation."

For a mobile app to become successful, he said that a better way is to develop a platform which other people can use to innovate.

"Another most important thing, which a start-up needs to know is DNROOC -- Do Not Run Out Of Cash," he advised.

On the most successful CEOs, Schmidt

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