In the dynamic realm of technology, 2023 unfolded with remarkable developments that impacted the business world. As we navigate through the top business technology stories that defined the year, it becomes evident that the innovation landscape is constantly evolving.
AI: Balancing Hype and Caution
AI took the spotlight in 2023, with major tech companies enthusiastically promoting their AI plans and offerings. However, a sobering story emerged when attorney Steven Schwartz’s reliance on ChatGPT backfired in a lawsuit. Schwartz had used the AI to prepare a legal brief, citing non-existent legal precedents. This incident serves as a crucial reminder that while AI holds immense promise, complete reliance on it to replace human judgment should be approached with caution.
In the year, we also witnessed a substantial surge in investments in AI startups, even as overall startup investments declined. The driving force behind this growth was the proliferation of AI-driven ventures, promising groundbreaking innovations and substantial investor profits.
Cybersecurity Challenges for Small Businesses
Small businesses faced a disproportionate share of cyberattacks in 2023, with a staggering 73% reporting incidents. Alarmingly, less than 30% of these businesses followed recommended security practices, underscoring the urgent need for enhanced cybersecurity measures.
Password Era Wanes
Both Google and Microsoft embarked on a mission to eliminate traditional passwords throughout 2023. Instead, they favoured more secure passkeys, enhancing security and simplifying the login process. This transition promises a future where users no longer need to remember complex passwords.
Apple’s USB-C Transition
In a significant move, Apple bid farewell to its iconic Lightning ports and adopted USB-C chargers for the iPhone 15. This transition was prompted by an EU mandate to reduce electronic waste and streamline charging for users across various Apple devices.
Threads: A New Social Platform
Instagram introduced Threads in July, a new social platform that garnered attention due to its seamless migration of users and their followers from Instagram. While its popularity may have waned since its launch, Threads remains a potential contender in the social media landscape, warranting the attention of business owners.
Microsoft’s Windows 11 Migration Tool
Microsoft introduced Restore Apps for Windows 11 in May, simplifying transferring data from old to new PCs. This tool has been hailed as a game-changer for businesses planning to upgrade from earlier Windows versions, streamlining the migration process and potentially saving substantial resources.
IKEA’s Use of Drones
IKEA embraced drone technology with 100 drones operating in its warehouses, streamlining inventory control and assisting workers in various tasks. Beyond warehousing, drones are becoming versatile tools with potential applications in construction, real estate, and more.
Advancements in Robotics
In January, Boston Dynamics unveiled an upgraded version of Atlas, the most advanced humanoid robot globally, now equipped with gripping hands for performing tasks. The broader realm of robotics is evolving rapidly, with costs decreasing, making AI-powered robots increasingly accessible to various industries. These advancements reshape businesses’ operations from construction to manufacturing, reducing reliance on human labour in specific tasks.
As we bid farewell to 2023, these top business technology stories remind us that the world of innovation continues to push boundaries, offering opportunities and challenges for businesses worldwide.
