The Importance Of Diversity In Tech

The Importance Of Diversity In Tech

Corporate Initiatives In Tech

Most enterprises recognize the value of a forward-thinking initiative across the company. Many fundraising efforts and HR educational workshops have gone into generating more awareness for employees about the societal climate. With the COVID-19 pandemic and different societal movements, every crevice of America, from the public sector to the private sector, has felt the implications.

The tech industry has not been immune to mirroring society. Some sociologists and talking heads elevate the tech industry to be one of the more progressive business sectors. Just think about the Silicon Valley titans, like Elon Musk and Mark Zuckerberg, with their quests for transcending the human experience with experimental science. Tech has embraced the bold thinkers, visionaries, and innovators and promised them a better tomorrow in exchange for original thinking and incubators.

One of the more prominent initiatives in tech is diversity. It has become a popular buzzword for West Coast executives, but does it work?

What Diversity Means For Tech

As the tech industry focused more on diversity, some questions came to the forefront about being more inclusive in the workplace. What have been the contributions and innovations of minorities in tech? Can the tech sector provide better opportunities for minorities? Would tech advancements benefit from a more inclusive workforce?

Research shows that a more diverse workforce correlates with higher revenues and more creative teams. For the tech industry, intentional diversity practices amount to an extra $400 billion in annual revenue. The increase in cash flow creates opportunities that were nonexistent before. It also shows that tech companies behind the curve in diversity are operating from a loss perspective.

The tech giants have been slow to respond despite extraordinary financial gains made by diversity. At Google and Microsoft, the number of blacks or

Latino US tech employees rose by less than 1% since 2014. Apple reported that black tech workers accounted for less than 6% of the total US workforce. Better gains were made for female employees in tech. The trailblazers like Sheryl Sandberg at Facebook and Elizabeth Theranos of the eponymous, notorious company brought more public-facing awareness to women innovating in tech. As a result, both Facebook and Google reported an 8% increase in female employees.

Why Diversity In Tech Matters

Change is hard. When change involves millions of dollars, hiring practices, and challenging the status quo, it becomes a cause. Diversity in tech is a worthy cause that is going to make the workplace better, more productive, and innovative. Take for example the story of Charley Moore. Charley is the founder of one of the nation’s preeminent black-owned businesses, Rocket Lawyer. Rocket Lawyer began as an idea to make legal services affordable to anyone from anywhere. These days, Rocket Lawyer is an online service that helps entrepreneurs with legal advice at a fraction of the cost. Moore had the vision to grow his company into a global operation. Now, Rocket Lawyer has 20 million subscribers, created 100,000 business contracts a month, and resolved a tremendous number of legal issues.

The benefits of a diverse workplace can push tech innovation and advancement to greater heights while making the world a better place.

What Is IT Agility?

What Is IT Agility?

IT agility is an organizational capability that requires IT leaders to change the framework of strategic and business operations. It is how a business adapts IT capabilities to market changes.

The way business is done in 2021 is radically different than even a few years ago. As businesses incorporate technological advances such as microservices and serverless computing into operations, they are faced with increased external demands to change internal processes.

The businesses that thrive past the competition are the ones that adapt and anticipate market demands. The marketplace has shown that most flexible businesses have the best chances of survival.

These businesses have mastered IT agility. What is IT agility? It is a business requirement, a part of digital transformation, and the speed at which businesses respond to opportunities. It measures the time between a business being introduced to an opportunity and acting on it.

IT Agility Benefits

Regardless of the size of the business, an agile business is leaner and has more efficient infrastructure. It also has a responsive system for up-to-date business. Other benefits include the business being able to iterate and move fast as the market changes as opposed to the traditional sequential process. Agile practices increase the time to value for a business and can be broken down into two different kinds: range-agility or time-agility.

Range-agility v. Time-agility

The benefits of range-agility are having the systems in place to adjust business services (more or less) based on demand and market conditions. It allows a business to get rid of lesser-used software, hardware, and products and streamline or add more in-demand solutions.

The benefits of time-agility are for a business to be able to act in smaller time increments. It is about being in the right position at the right time to adapt IT systems to opportunity. It is having the systems and personnel in place to go from inception to production in a short period of time.

While range-agility and time-agility are implemented in similar ways, they lead to different outcomes. Therefore, a business should choose which one is more appropriate for its goals.

How Customer Experience Impacts Agility

For businesses IT agility is a part of a larger initiative of digital transformation. Much more than new strategic plans and development practices, true agility requires a rethinking of the IT organization to succeed.

When a business takes steps to become more agile, it should do so with customer-centric delivery principles. That entails designing solutions around customer experiences, a focus on user feedback that dictates steps and improvements to the development.

In 2020, businesses faced a tremendous paradigm shift as the COVID-19 pandemic transformed remote work conditions. This forced agile practices to shift from software development to an enterprise-wide initiative that is adapted to change.

During COVID- 19, teams were focused on being internally efficient which made agile processes more relevant to the modern workplace. The adoption of agile processes that eliminate barriers and enhance improvements is freeing up businesses to work on the next steps of digital transformation.

For IT business being agile is not as much of an option as it is being part of the next wave of the future.