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IoT Revolution needs Women Leaders
Raghavendra HunasgiDirector Marketing Cigniti Technologies Ltd.
@Raghavph | http://internetofgalaxies.com
IoT revolution needs #WomenLeaders
Women Correlate with Success
Analysis of more than 3,000 venture-backed IoT
companies showed that successful startups have twice as many women in
senior positions as unsuccessful companies.
Dow Jones VentureSource, 2013.
Women Help IoT Companies GrowIoT companies with women have been shown to use 40 percent less capital and be more likely to survive the transition from startup to established company.
Women Improve InnovationThe presence of women in a group is more likely to increase the collective intelligence (problem-solving ability, creativity) of the group than the presence of individuals with higher intelligence.
“Evidence for a Collective Intelligence Factor in the Performance of Human Groups,” Science October 2010, Woolley, Chabris, Pentland, Hashmi and Malone.
Women Enhance Teams
Scott Page, The difference: How the power of diversity creates better groups, firms, schools, and societies, Princeton University Press, 2009.
Groups with greater diversity solve complex problems better and faster than homogenous groups.
Women Are 50% of the Population. Why Handicap Your Hiring by 50%?
"We simply cannot afford to alienate large chunks of the workforce. It is a
widely understood truth that the single biggest challenge is attracting the right people … to literally handicap yourself
by 50 percent is insanity.” - Dan Shapiro, Google
Women in Tech, By the Numbers (US)
Department of Labor Bureau of Labor Statistics, Current Population Survey, 2013; Dow Jones VentureSource, 2013.
Percent of U.S. technology jobs held by women26
Percent of women executives at U.S. venture-backed startups11
Percent of U.S. professional occupations held by women57
Percent of U.S. software developers who are women20
IoT organizations with Women leaders have filed 30% more patents in 2014
What Do You See In This Picture test?
Women innovate better in IoT
Internet of Galaxies by Raghav surveyed 58 CEOs
64% of CEOs believe most of their product ideas
and feature requests are driven by Women Leaders
Bias and mental blocks (India perspective)
“Blind” orchestra auditions, with musicians behind a curtain, increased the number of female musicians hired by 25% to 46% percent.
Goldin & Rouse (2000) The American Economic Review, 90(4), 715-741.
Unconscious Bias in Hiring
Women and Men at IoT Startups See Things Differently …
Identify which aspect of IoT excites U
Identify Mentor, Company and Game Plan
Be an IoT Champion
Thank You