Let’s face it; gone are the days when the technology sector was dominated by men and their products. Today, women in tech command a colossal voice and share of the market, with more than 8 million companies in the US alone being women-owned.
There is no doubt that women have made significant strides in the tech world over the last few decades. But there’s still a long way to go before we can say that gender parity has been achieved. In fact, according to statistics from The American Enterprise Institute, only 24% of computer jobs are held by women.
But the future seems bright, given the enormous benefits of working with women-owned technology businesses. Remarkably, these female-founded tech firms are industry leaders in digital transformation implementation. They know how to build strong teams, understand customer needs, and have an eye on the future.
This article will discuss why women-owned tech businesses are taking the lead in digital transformation implementation. We will also look at the benefits of working with them.
Why Women-Owned Tech Firms Take the Lead in Digital Transformation Implementation
Digital transformation is one of the most crucial trends in business today. It involves using new technologies to improve processes, increase efficiency, and reduce costs. Companies across industries are embracing digital transformation as a way to stay competitive. However, many organizations struggle to digitize due to a lack of expertise or resources.
This is where women-owned tech firms come into play. Their unique skills make them perfect candidates for leading digital transformation projects. Here are some reasons why:
1) Strong Teamwork Skills
The biggest challenge for any organization implementing a digital transformation project is building a team that works together effectively. A successful team must be able to collaborate, communicate, and work well under pressure. These traits are typically associated with women-owned tech firms; employee collaboration, communication, and teamwork are core values at these companies.
2) Customer Focus
When you think about digital transformation, what comes to mind? Most likely, your answer would include improving customer experience, right? After all, customers are the lifeblood of any company. And customer focus is another crucial characteristic of women-owned tech firms. They understand that great customer experiences depend on service quality. As such, they prioritize customer satisfaction above everything else.
3) Future-Focused Mindset
A lot of companies are focused on short-term goals and objectives. When it comes to digital transformation, however, success depends on looking ahead. Women-owned tech firms are always thinking about the next step. They have a clear vision of where their business should be heading. This helps them plan accordingly and ensure they don’t miss out on opportunities.
4) Leadership Experience
At women-owned tech firms, leadership is not just a role but a mindset. Employees are encouraged to take charge and lead others. This creates a culture of empowerment and encourages employees to contribute ideas and suggestions, thus better results.
5) Innovative Thinking
Another trait that sets women-owned tech firms apart from other types of businesses is innovative thinking. At these companies, innovation isn’t limited to product development. Instead, it extends to every aspect of operations. For example, they may develop a software solution that can automate specific tasks, thereby reducing human error and increasing productivity.
Benefits of Working with Women-Owned Tech Businesses to Accelerate Digital Transformation Implementation
Companies across different sectors are realizing the benefits of working with women-owned tech businesses. They are finding that these firms have a lot to offer in accelerating digital transformation implementation. Below are five ways in which women-owned tech businesses help accelerate digital transformation:
1) Tax Incentives
One of the biggest challenges facing many companies today is tax compliance. It’s no secret that most governments worldwide are tightening their belts. As such, they offer various incentives to encourage businesses to remain compliant. More so, the federal government is keen to provide tax incentives for minority and female-owned enterprises to promote digital transformation implementation, job creation, sustainability, and revenue growth.
2) Easier Access to Capital
Did you know that women-led tech companies are more likely to receive investments from venture capitalists than men-run firms? The reason for this is simple. Venture capitalists invest in startups led by people with proven track records. Women-owned tech businesses have already established themselves as leaders in their respective fields. As such, they have a greater chance of receiving funding from investors.
3) Room for Innovation and Creativity
When it comes to technology, there is nothing new under the sun. However, women-owned tech businesses often develop unique solutions that allow them to stay one step ahead of competitors. Because of this, they can create products and services that customers find helpful and valuable. Moreover, because they are less risk-averse, they are more willing to experiment with new technologies.
4) Better Customer Service
Customer service is another area where women-owned tech businesses excel. These companies understand that customer satisfaction is key to business success. Therefore, they make sure that their staff members are trained to provide exceptional customer service. Additionally, they ensure that all their employees work together to deliver an excellent customer experience.
In addition to providing better customer service, women-owned tech companies empower their workers. That means they give them opportunities to grow professionally. Thus, they become more productive and efficient. Furthermore, these companies don’t just focus on the bottom line. Instead, they look at the long term, allowing them to identify problems early on and develop strategies to address them.
TMC is a Certified Women-Owned Business!
At Technology Management Concepts, TMC, part of the reason we are excellent at what we do is that we’re a team of visionary professionals committed to creating a company that values diversity and inclusion. As a female-run enterprise certified by the Women’s Business Enterprise National Council (WBENC), our mission is to lead digital transformation and help organizations unlock their full technology potential through solutions like Microsoft Azure, Dynamics 365, PowerBI, and other leading cloud and mobility platforms.
And thanks to our commitment to helping small businesses thrive, we’ve recently been featured in the Inc Magazine’s “2022 Best Workplace in the USA List!” So, by partnering with us, you can rest assured that your organization will be working with a diverse set of highly skilled individuals passionate about delivering innovative IT solutions.
If you’d like to learn more about how TMC can help your organization achieve its goals, please contact us today.