Our friends over at Pax8, a leading cloud commerce marketplace, released a new global report in collaboration with Microsoft and Channelnomics on the AI buying trends of Small and Midsize Businesses (SMBs).   Key findings from the report include: 88% of SMBs have already implemented at least one AI system successfully  87% report that investing in AI promises long-term benefits and 70% note that AI has helped cut costs in an increasingly expensive business landscape  49% feel that the failure of keeping pace with AI adoption puts them at a disadvantage  40% cite concerns around data privacy/security as a technical challenge of AI adoption  According to IDC, the global AI market will surpass $40B by the end of the year.

Source: insideBIGDATA