By DeVry University
March 17, 2021
3 min read
March 17, 2021
3 min read
You may be well aware that women in the tech industry are highly underrepresented.1 In fact, only 29% of individuals in the technology field are women.2
But why is gender diversity critical – and what benefits can it bring to an organization? Read on to learn more about the importance of women in tech and the value they can add to the industry and the companies who employ them.
And the findings don’t stop there. Companies who had women involvement on a board averaged 14% net income growth over the past six years as compared to 10% for the companies with no women board representation.
Another study, published in a Peterson Institute for International Economics paper, found that firms can deliver better outcomes on average by including more women in corporate leadership.4
As technology continues to make appearances in American households [i.e. Internet of Things (IoT) devices], this consumer base and where they choose to spend their money could greatly impact the success of some tech companies. Higher gender inclusivity in the tech industry can not only create value for consumers that identify as women, but may also help boost the economy.
1National Science Board, State of U.S. Science and Engineering, 2020: Women & Underrepresented Minorities
2https://ncses.nsf.gov/pubs/nsb20201/u-s-s-e-workforce
3https://www.credit-suisse.com/about-us-news/en/articles/media-releases/42035-201207.html
4https://piie.com/publications/wp/wp16-3.pdf
5https://www.statista.com/statistics/737923/us-population-by-gender/
6https://www.wrike.com/blog/women-tech-know-worth-time-everyone-else/
7https://www.forbes.com/sites/eriklarson/2017/09/21/new-research-diversity-inclusion-better-decision-making-at-work/?sh=27c024404cbf#4bae55904cbf%E2%80%93
8https://www.forbes.com/sites/eriklarson/2017/09/21/new-research-diversity-inclusion-better-decision-making-at-work/?sh=59837ca54cbf
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