Women In Tech - Inequalities That Exist: United States
- There is significantly a low rate of women in the tech industry despite an increase to about 46.8% of women in the United States labor force. According to a study, at the age of eleven, girls are more interested in tech careers. But, they tend to lose interest afterward and this is due to gender inequality and lack of female mentors. However, notable women like Limor Fried, the founder of Adafruit, Meredith Perry, the founder, and CEO of uBeam, and Anne Lauvergeon, the chairman of SIGFOX are a perfect example that women can also make a notable impact in this sector and contribute to its prosperity.
STATISTICS THAT PROVE THAT THERE IS INEQUALITY AGAINST WOMEN IN THE TECH INDUSTRY IN THE US
- According to the data compiled by Evia, of all the tech jobs in the United States, women constitute about 20%, despite making up more than 50% of the U.S. workforce.
- According to a report by McKinsey and Pivotal Ventures, Black, Latina, and Native American women make up only 4% of computing degree recipients and the current tech workforce. They also have very minimal representation at the senior leadership level, with zero black or Latina women CEOs of Fortune 500 tech companies
- The McKinsey report also states that women who are recipients of high school Advanced Placement computer-science exam are 23%, and 19% of graduates in bachelor’s computer and information science degree. From the kindergarten to 12th grade, female students constitute 47% of student that are interested in computer science.
- 26% of women are in the computing workforce, with 35% being black women and 1% Latina women. Women also represent 11% in senior leadership in tech companies.
- According to Statista, in the workforce of major tech companies, female employees make up between 27% and 47%, with a much lower percentage when it comes to actual tech jobs. For instance, the percentage of female employees in actual tech jobs at Netflix is 30%, Twitter is 17%, Uber is 18%, Facebook is 22%, Apple is 23%, Google is 21%, and Microsoft is 20%. These statistics clearly indicate that even leading tech brands are struggling to promote gender equality in their organizations.
WHY MORE WOMEN IN THE TECH INDUSTRY WOULD BE BENEFICIAL
- According to Mondo, having more women in the executive team will help tech companies have a culture and environment that promotes innovation, diversity, and enhanced problem-solving.
- Having more women in corporate leadership will lead to an increase in revenue generated by their companies. According to a study by Redfin and PayScale, tech companies that have more female executives are more profitable, and also they offer fair remuneration to all their employees.
- In a study conducted by Catalyst, 73% of all household spending are controlled by women. Therefore, B2C tech companies with few or no women are not able to effectively market their products to this audience.
- There is a market for female only products like sanitary towels and tracking apps for ovulation that lacks tech-driven innovation. This market presents profitable opportunities that women with interest in technology can pursue.
- According to an article on Dream Host, women are more in tune with technology than men. For instance, women use the internet 17 percent more than men. They lead in adopting new technologies and are a critical demographic for several tech industries. Also, they lead in the usage of social media platforms, mobile phone, and other location-based services.
- Tracey Welson-Rossman, the founder of TechGirlz in a statement, says that " By making a concerted effort to increase women in this industry, we will begin to see a change. That change will accelerate as even more women become empowered through these careers, normalizing the idea of women in tech and earning them increased economic power."
- Despite the challenges of gender parity in the tech industry, some women have managed to beat the odds by standing out in this sector. They clearly show that women can as well drive innovation, transform this industry, and contribute to its growth. Example of these individuals who have made significant contributions in this sector are Limor Fried, Founder of Adafruit, Meredith Perry, Founder and CEO of uBeam, and Anne Lauvergeon, Chairman of SIGFOX.
- Limor Fried, the founder of Adafruit, has grown her firm which was established in 2005 into a prosperous open-source hardware company. She has several awards and achievements like being the first female engineer to feature in the WIRED Magazine, receiving Entrepreneur's "Entrepreneur of the Year" award, and in 2016 she was named the White House Champion of Change.
- Meredith Perry, the CEO, and founder of uBean started her company while she was studying at the University of Pennsylvania. Her prowess in the industry has earned her several awards and recognition including featuring in the Forbes' list of 30 Under 30 and Fortunes' 40 Under 40.
- Anne Lauvergeon is the chairman of SIGFOX, a company that provides cellular connectivity to Machine-to-Machine and IoT communications. Her outstanding performance in the tech industry has earned her several notable awards and recognition like receiving an acknowledgment from Fortune as one of the most influential women leaders. Her company is also the largest provider of IoT networks