Benefits of diversity in data

“Right from the start, Grayce sought to find, hire and train the best diverse talent available, with over 40% of all our analysts coming from ethnic minority backgrounds.”

We already see in day-to-day project work that diverse teams are more creative, and a 2021 report by the Chartered Institute of Personnel and Development (CIPD) confirms this feeling. The report suggests that when line managers support awareness of factors such as language barriers and cultural differences, the result is more open, constructive discussions within teams.

We see from the CIPD findings that a successful diverse organization needs to continually monitor its progress. Once you have attracted diverse talent, it is important to foster understanding and compassion in the everyday working environment.

Diversity helps productivity in a number of ways. In a Data & Analytics context, for example, the risk of bias in machine learning and artificial intelligence can be reduced if your models are created by more diverse teams. You get access to a wider set of skills and life experiences by diversifying your teams and squads.

There are many ‘top 5’ or ‘top 10’ articles about the benefits of diversity. Yet it’s not as easy as it sounds, and a diverse culture is not a bolt-on to your existing culture but needs to be built from the ground up. Grayce has diversity as part of its DNA. Right from the start, Grayce sought to find, hire and train the best diverse talent available, with over 40% of all our analysts coming from ethnic minority backgrounds. The best time to start thinking about the benefits of diverse teams is today.

If you are interested in opportunities at Grayce, apply to our Development Programmes here