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COUNCIL LAUNCH TO CHAMPION AI AND DIGITAL TRANSFORMATION FOR SMALL BUSINESSES IN THE UK
Intuit, a global financial technology platform that makes TurboTax, Credit Karma, QuickBooks and Mailchimp, has announced the launch of the Intuit Small Business Growth Council, a new initiative dedicated to empowering small businesses in the UK through AI and digital adoption.
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Growth Council, which consists of 18 digitally connected businesses, will amplify the voices of small businesses in shaping policies that drive innovation and economic growth. Despite clear evidence that digitally connected businesses are 2.4 times more likely to report higher productivity and 2.3 times more likely to see increased revenue, more than 25 % of UK small businesses still don’ t use basic digital tools.
As the UK government prioritises digital reform and AI adoption, the Intuit Small Business Growth Council will help ensure small businesses are at the heart of this transformation and given the consideration and support to access these tools. By championing policies that make AI and digital tools more accessible, the council will help small businesses harness technology to drive growth and efficiency. Research shows that if the UK’ s 1.1 million micro businesses doubled their uptake of AI technology, it could unlock a £ 16.6 billion productivity boost. The initiative underscores Intuit’ s commitment to empowering small businesses with the tools, resources and advocacy they need to thrive in the digital economy.
A proven model for small business advocacy
The Intuit Small Business Growth Council builds on the success of the Intuit Small Business Council in the United States, which has helped drive meaningful policy changes. The US council’ s advocacy led to the introduction of the Small Business Technological Innovation Act( S. 305). The bipartisan legislation would make explicit that loans backed by the US Small Business Administration( SBA) can be used to fund the adoption of digital tools and technology by small businesses.
The UK council brings together entrepreneurs from diverse industries, ensuring a broad range of expertise and perspectives on the opportunities and challenges of digital adoption are brought to the table. Focused on advocacy by small businesses for small businesses, the council will
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