Digital Transformation Alliance

April 21, 2022 (CEST) @ 9:00 AM

Digital Transformation Alliance – Importance of Diversity and Inclusion in Digital Transformation

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As companies accelerate digital transformation moves in response to the COVID-19 pandemic, many are also driving diversity and inclusion initiatives. The combined impact of the pandemic and social justice movements has made companies more aware of the importance of diversity and inclusion. Several recent studies point to the power of radically diverse management teams at every level of an organization. Deloitte’s latest Global Human Capital Trends study found 78% of managers see diversity and inclusion as a competitive advantage. McKinsey’s Diversity Matters survey found gender-diverse companies perform 15% better than firms of great gender uniformity, and that ethnically diverse firms perform 35% better. Some 85% of CEOs polled by PwC have said that having a diversified and inclusive workplace population improved their bottom line. In short, companies undergoing digital transformations need an extremely diverse set of people – experience-wise, intellectually, culturally, racially, and otherwise. That is not likely to happen if most of them are of the same gender, race, country, religion, and sexual orientation. Therefore, it is imperative for organizations and teams to make diversity a priority and think about it beyond the traditional sense.

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