However, the author noted a lack of regulatory oversight for AI, with governments struggling to keep up with the technology's rapid development and potential dangers. He also expressed a longing for an end to economic uncertainty, which had led to tighter spending controls and longer sales cycles in the tech industry. The author concludes by emphasizing the importance of retrospection in learning from the past and improving the future.
Key takeaways:
- The GenAI technology and improved User Experience (UX) were the most liked developments in the tech industry in 2023.
- It was learned that tech innovation can thrive beyond Silicon Valley, and that hybrid working models are beneficial for innovation and team building.
- The tech industry lacked sufficient regulatory oversight of AI, with governments struggling to keep pace with the rapid development and potential risks of the technology.
- The industry longed for an end to economic uncertainty, with high interest rates and unemployment concerns impacting IT spending.