Look Back 2023: Top 10 biggest news stories of the year

As we approach the end of 2023, let's take a look back at the top 10 news stories that shaped the year in the tech industry. This year was full of interesting events as we saw, how Hawaii-based MSPs are standing up for their clients, and the impact of the economy on the IT sector and the channel. This year was full of the latest AI technology innovations as well.

10.) Online marketplaces continue to expand, evolve

Online marketplaces continued to flourish in 2023, offering consumers an ever-expanding selection of products and services. Platforms like Amazon, eBay, and Etsy saw significant growth, while niche marketplaces focused on specific industries also gained traction.

9.) Intel turnaround continues despite hurdles

After years of challenges, Intel finally began to turn the corner in 2023. The company launched its new Sapphire Rapids and Ponte Vecchio chips, which received positive reviews from industry analysts. However, Intel still faces competition from AMD and must navigate ongoing supply chain issues.

8.) Broadcom wins key approvals for $61B VMware acquisition

In a historic deal, Broadcom received regulatory approval for its $61 billion acquisition of VMware. This merger is expected to reshape the software industry, as Broadcom seeks to integrate its hardware and software businesses.

7.) Acquisitions, consolidation continue to remake the channel landscape

The IT channel landscape saw continued consolidation in 2023, as large vendors acquired smaller companies to expand their portfolios and reach new markets. This trend is likely to continue in the coming years as vendors seek to compete in a rapidly evolving technology landscape.

6.) Microsoft, customers hit with cloud service outages

Microsoft faced several high-profile cloud service outages in 2023, which disrupted operations for businesses and individuals around the world. These outages highlighted the importance of cloud reliability and the need for businesses to have contingency plans in place.

5.) Dell launches partner-first strategy for storage products

Dell revamped its storage channel strategy in 2023, placing a renewed focus on its partner ecosystem. The company introduced new programs and incentives for partners to sell Dell storage solutions, aiming to capture a larger share of the growing storage market.

4.) The ongoing PC market slump

The PC market continued to decline in 2023, as consumers shifted their spending to other technologies like smartphones and tablets. This slump has forced PC manufacturers to adjust their pricing and product strategies to remain competitive.

3.) MOVEit, 3CX attacks among major cybersecurity incidents in first half of 2023

The first half of 2023 saw several major cybersecurity incidents, including attacks on MOVEit and 3CX. These incidents underscored the growing threat of cybercrime and the need for businesses to invest in robust security measures.

2.) Widespread tech industry layoffs

Several major tech companies announced layoffs in 2023, as the industry grappled with economic uncertainty and changing market dynamics. These layoffs affected thousands of employees and raised concerns about the future of the tech workforce.

1.) The Generative AI-fueled gold rush

The rise of generative AI was arguably the biggest tech story of 2023. This technology, which can generate text, images, and other creative content, has the potential to revolutionize various industries. As a result, we saw a massive influx of investment and development in the generative AI space, with companies like OpenAI and Google AI leading the charge.