Friday, May 16, 2025
News PouroverAI
Visit PourOver.AI
No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
News PouroverAI
No Result
View All Result

The diversity dividend: How inclusive businesses gain competitive advantage

March 7, 2024
in Blockchain
Reading Time: 2 mins read
0 0
A A
0
Share on FacebookShare on Twitter


Having a diverse workforce can greatly enhance a company’s ability to deliver customer-centric experiences to all consumers. Cultural awareness plays a key role in areas such as color schemes, symbols, and graphics when developing technology. For example, the color red symbolizes good fortune in Chinese culture but can signify danger in Western cultures.

Icons and symbols used in software should be universally recognizable or adaptable to different cultural contexts. Even a simple color choice can impact purchase decisions and software adoption among various communities. Companies that prioritize understanding the needs of culturally diverse global consumers gain a competitive advantage.

Tech Workforce Disparities Impact Customer-Centric Mission

As someone who lives and works in Silicon Valley, I have witnessed firsthand the disparities in the tech workforce. For instance, the Black community, representing 7% of the population in the region, only makes up 1.5% of the tech community. This lack of representation reflects broader trends in the US and other Western countries.

This disparity isn’t just a social issue; it also poses a significant business challenge. Tech companies that lack diversity miss out on valuable insights needed to create customer-centric products. Addressing this gap presents an opportunity for companies to reach untapped markets and customer segments.

Effective Strategies for Embracing Diversity in Tech

One effective approach is implementing targeted recruitment strategies to attract a diverse pool of candidates. Mentorship programs can also help nurture and retain diverse talent in the tech industry. Organizations like the Black Data Professionals Association (BDPA) advocate for diversity in tech and help businesses achieve their diversity goals.

Conducting diversity training for employees can foster a more inclusive workplace culture. External programs like IBM® SkillsBuild® provide resources and training opportunities for underrepresented groups in the tech sector.

Measuring the impact of diversity strategies through customer-centric metrics like net promoter score and customer satisfaction score is essential. Diversity in tech is not just about social equity; it’s a strategic business move towards a more inclusive future.

As the world becomes more diverse, the tech industry has the opportunity to lead by example in creating a better, more inclusive future for all.

Power a diverse future in tech with IBM SkillsBuild

Listen to a podcast discussion on diversity and business

Was this article helpful?

YesNo

IBM Senior Brand & Content Strategist



Source link

Tags: AdvantageBusinessescompetitiveDiversitydividendGaininclusive
Previous Post

80% of Israeli startups founded in 2023 incorporated in US

Next Post

Method rapidly verifies that a robot will avoid collisions

Related Posts

5 SLA metrics you should be monitoring
Blockchain

5 SLA metrics you should be monitoring

June 10, 2024
10BedICU Leverages OpenAI’s API to Revolutionize Critical Care in India
Blockchain

10BedICU Leverages OpenAI’s API to Revolutionize Critical Care in India

June 9, 2024
Arkham: US Government Seizes $300M from Alameda Research Accounts
Blockchain

Arkham: US Government Seizes $300M from Alameda Research Accounts

June 8, 2024
Fake Musk Live Streams Flood YouTube During SpaceX Launch
Blockchain

Fake Musk Live Streams Flood YouTube During SpaceX Launch

June 7, 2024
How to Track Crypto Transactions for Taxes?
Blockchain

How to Track Crypto Transactions for Taxes?

June 7, 2024
NVIDIA Enhances Low-Resolution SDR Video with RTX Video SDK Release
Blockchain

NVIDIA Enhances Low-Resolution SDR Video with RTX Video SDK Release

June 7, 2024
Next Post
Method rapidly verifies that a robot will avoid collisions

Method rapidly verifies that a robot will avoid collisions

The role of machine learning and computer vision in Imageomics

The role of machine learning and computer vision in Imageomics

5 Things You Need To Do Before Starting DIY Projects

5 Things You Need To Do Before Starting DIY Projects

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Is C.AI Down? Here Is What To Do Now

Is C.AI Down? Here Is What To Do Now

January 10, 2024
23 Plagiarism Facts and Statistics to Analyze Latest Trends

23 Plagiarism Facts and Statistics to Analyze Latest Trends

June 4, 2024
Porfo: Revolutionizing the Crypto Wallet Landscape

Porfo: Revolutionizing the Crypto Wallet Landscape

October 9, 2023
A Complete Guide to BERT with Code | by Bradney Smith | May, 2024

A Complete Guide to BERT with Code | by Bradney Smith | May, 2024

May 19, 2024
How To Build A Quiz App With JavaScript for Beginners

How To Build A Quiz App With JavaScript for Beginners

February 22, 2024
Saginaw HMI Enclosures and Suspension Arm Systems from AutomationDirect – Library.Automationdirect.com

Saginaw HMI Enclosures and Suspension Arm Systems from AutomationDirect – Library.Automationdirect.com

December 6, 2023
Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

June 10, 2024
AI Compared: Which Assistant Is the Best?

AI Compared: Which Assistant Is the Best?

June 10, 2024
How insurance companies can use synthetic data to fight bias

How insurance companies can use synthetic data to fight bias

June 10, 2024
5 SLA metrics you should be monitoring

5 SLA metrics you should be monitoring

June 10, 2024
From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

June 10, 2024
UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

June 10, 2024
Facebook Twitter LinkedIn Pinterest RSS
News PouroverAI

The latest news and updates about the AI Technology and Latest Tech Updates around the world... PouroverAI keeps you in the loop.

CATEGORIES

  • AI Technology
  • Automation
  • Blockchain
  • Business
  • Cloud & Programming
  • Data Science & ML
  • Digital Marketing
  • Front-Tech
  • Uncategorized

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 PouroverAI News.
PouroverAI News

No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing

Copyright © 2023 PouroverAI News.
PouroverAI News

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In