Got an update error with N8 phone and Nokia Ovi Suite

I attempted to update my Nokia Ovi Suite with my N8 phone.
The update was almost finished but then I got this error ( see screenshot below).
Hmmm…this is weird since I experienced this for the first time and I have been doing this for a gazillion times already.
Any take on this?
Do you have a fix for this? I don’t think my phone is busted? Is it?

Reinstall device software
Cannot Install Software
There is a problem with installing software to your device.
For more details and advice, go to Nokia’s online support.
Error code: 12014
