Empowering women in STEM: The path to inclusivity and growth

As we celebrated the International Day of Women in Statistics and Data Science on October 8, it is the perfect moment to reflect on the significance of empowering women in Science, Technology, Engineering, and Mathematics (STEM). 

This day serves as a reminder of women's significant contributions in these disciplines, from pioneering research and innovative methodologies to impactful applications across various industries. Despite their historical underrepresentation, women in statistics and data science continue to break barriers, driving advancements in technology, healthcare, finance, and beyond. Their contributions deepen our understanding of complex data while promoting a more inclusive and diverse scientific community. 

Despite challenges like gender bias, unequal opportunities, and underrepresentation, women in STEM continue to overcome obstacles, setting new benchmarks for excellence and leadership. Their presence leads to more comprehensive and inclusive research outcomes in these fields. It encourages more women to enter and thrive in statistics and data science, which is essential for the continued evolution of these disciplines. 

Companies with more than 30% female representation tend to achieve more robust financial performance than those with fewer women, underscoring the importance of gender diversity in driving business success.

Advancing women in leadership
In recent years, organizations across various industries have made notable strides toward improving gender diversity in leadership positions. While progress is being made, more work must be done to ensure that women are adequately represented in data science and analytics leadership roles. 

At Axtria, we are actively working to close this gap. We are dedicated to expanding women's representation in analytics and technology. Axtria is making strides towards gender equality in the tech industry. With over 30% of its associates and a significant portion of its new hires being women, the company is outpacing the global average for female representation in tech roles, which is currently around 26%, according to the National Center for Women & Information Technology (NCWIT). 

Much of the business world has already accepted that a commitment to diversity and inclusion is a moral imperative. Still, it has also become clear that it is a strategic advantage, diverse teams are more innovative and effective. Axtria is fostering a welcoming and supportive environment for women, thus positioning itself as a leader in the industry.

Axtria's commitment to gender equality extends beyond mere representation. Through initiatives like Axtria’s WINspiration, which aims to make diversity, equity, and inclusion (DE&I) more actionable, women at Axtria are empowered through mentorship, financial awareness sessions, and learning round tables with women leaders. 

WINspiration provides a platform for women to share their professional journeys internally and externally, helping to inspire others to follow in their footsteps. It also offers specific resources such as career development workshops, leadership training, and networking opportunities. These efforts demonstrate Axtria's dedication to creating a supportive and inclusive environment for women, positioning the company as a leader in the industry.

Creating platforms where women's achievements are celebrated is crucial to boosting their confidence and providing role models for the next generation. However, it is important to note that achieving gender diversity and inclusion in STEM fields is not solely women's responsibility. Men also play a crucial role in supporting and advocating for gender equality. Building a more inclusive workplace and fostering diversity in leadership will benefit the industry by encouraging a wider range of perspectives and ideas.

The International Day of Women in Statistics and Data Science reminds us of the importance of empowering women in STEM. Through initiatives that support career growth, promote equity, and foster inclusive environments, organizations can help ensure that women enter the field, thrive, and succeed in it. As we progress, the continued emphasis on diversity and inclusion will be essential in driving innovation and progress in data science and beyond.

-- Shikha Singhal, Principal (Data Science), Axtria.