The intersection of AI and small business
Stop Whispering recently completed a comprehensive three-part landscape analysis exploring how Entrepreneurial Support Organizations (ESOs) and the small businesses they serve are approaching AI adoption in a rapidly evolving technological landscape.
This work, which was sponsored by a major corporate funder in the CDFI/ESO space, aims to provide a nuanced understanding of the impact of AI on the small business ecosystem. By examining current perceptions, adoption rates, and potential opportunities and challenges, we seek to equip ESOs with valuable insights for navigating the AI revolution.
The analysis offers a summary of existing qualitative research on small business use of AI alongside their opportunities and barriers. It also provides unique perspective, garnered through new research, on how ESOs are approaching AI implementation and the opportunities and challenges they face.
The sponsor has generously made this report available to the ESO community as a resource for advancing AI initiatives within ESOs and supporting small businesses in implementing AI technologies. Please feel free to use it to shape internal decision making, share it to inspire others, and leverage it as a tool for innovation and growth. You can download the report sections at the links below.
Part 1: Introduction to AI and small business
This section serves as a primer for ESO professionals seeking to build a basic understanding of AI concepts, terminology, and potential small business use cases by operational function and industry.
Part 2: Summary of existing AI research
This section aggregates data from multiple surveys highlighting small business AI use cases, perceptions, opportunities, and challenges, drawing focus on studies providing hard-to-find data on micro- and very small businesses.
Part 3: ESO survey and interview summaries and recommendations for supporting AI adoption
This is a comprehensive report that aggregates insight from 30+ ESO professionals on AI adoption challenges, opportunities, and use cases. It also provides recommendations for accelerating ethical AI use among ESOs and small businesses.