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.
A higher return on equity than those who do not.
A higher net income growth rate.
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
More likely to influence their company and its culture.
Better able to represent women and their needs as a consumer.
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
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In New York, DeVry University operates as DeVry College of New York. DeVry University is accredited by The Higher Learning Commission (HLC), www.hlcommission.org. The University’s Keller Graduate School of Management is included in this accreditation. DeVry is certified to operate by the State Council of Higher Education for Virginia. Arlington Campus: 1400 Crystal Dr., Ste. 120, Arlington, VA 22202. DeVry University is authorized for operation as a postsecondary educational institution by the Tennessee Higher Education Commission, www.tn.gov/thec. Naperville Campus: 1200 E. Diehl Rd., Naperville, IL 60563. Unresolved complaints may be reported to the Illinois Board of Higher Education through the online compliant system https://complaints.ibhe.org/. View DeVry University’s complaint process https://www.devry.edu/compliance/student-complaint-procedure.html Program availability varies by location. In site-based programs, students will be required to take a substantial amount of coursework online to complete their program.
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