Workforce Diversity Survey Findings For 2022!
Detroit, Michigan,, Dec. 28, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the "Company" (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, today along with its wholly owned subsidiary, Robotic Assistance Devices Inc. (RAD), has released the results of its 2022 Workforce Diversity Survey. As in previous years, the survey provides an in-depth summary of the demographic data of the Company's full-time workforce. All data is for the calendar year 2022 and is reflective as of December 22, 2022.
"Since our founding, we have been committed to building and promoting a workforce that reflects the diversity of the US, Canada, and other regions our team resides and works," said Steve Reinharz, CEO of AITX. "We have made great progress, but there is more work to be done. Together, we can and will continue to foster an environment that best represents all people - one that makes all people feel welcomed, heard, and valued."
Key findings of AITX's 2022 Workforce Diversity Survey include:
The workforce is composed of a growing percentage of people of color (approx. 49.3 percent), with 31.5 percent of employees identifying as East Asian, South Asian, or Southeast Asian.
Since June of 2021, racially and ethnically diverse employees in the workforce have increased from 44.4 percent to 54.8 percent.
Representation of women in the Company's workforce increased by 24 percent since June of 2021.
The survey report looks at the racial, ethnic, and gender breakdown of the Company's global workforce. "As AITX and RAD continue its recovery from the pandemic, we see improvement in the diversity of our workforce, specifically, almost ten percent increase in the number of racially and ethnically diverse employees in the workforce," said Mark Folmer, President of RAD. "This is a critical step forward, and we are encouraged by the progress that we've made thus far but recognize that we still have work to do to build a fully representative workforce."
AITX and its three subsidiaries collectively have 85 employees spread across 7 departments, sales, marketing, hardware development, software development, production, client services, and administration.
AITX through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics, and software platforms are developed in-house.
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
Read More: https://investorshangout.com/post/view?id=651...z7ooUQU1f4
Detroit, Michigan,, Dec. 28, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the "Company" (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, today along with its wholly owned subsidiary, Robotic Assistance Devices Inc. (RAD), has released the results of its 2022 Workforce Diversity Survey. As in previous years, the survey provides an in-depth summary of the demographic data of the Company's full-time workforce. All data is for the calendar year 2022 and is reflective as of December 22, 2022.
"Since our founding, we have been committed to building and promoting a workforce that reflects the diversity of the US, Canada, and other regions our team resides and works," said Steve Reinharz, CEO of AITX. "We have made great progress, but there is more work to be done. Together, we can and will continue to foster an environment that best represents all people - one that makes all people feel welcomed, heard, and valued."
Key findings of AITX's 2022 Workforce Diversity Survey include:
The workforce is composed of a growing percentage of people of color (approx. 49.3 percent), with 31.5 percent of employees identifying as East Asian, South Asian, or Southeast Asian.
Since June of 2021, racially and ethnically diverse employees in the workforce have increased from 44.4 percent to 54.8 percent.
Representation of women in the Company's workforce increased by 24 percent since June of 2021.
The survey report looks at the racial, ethnic, and gender breakdown of the Company's global workforce. "As AITX and RAD continue its recovery from the pandemic, we see improvement in the diversity of our workforce, specifically, almost ten percent increase in the number of racially and ethnically diverse employees in the workforce," said Mark Folmer, President of RAD. "This is a critical step forward, and we are encouraged by the progress that we've made thus far but recognize that we still have work to do to build a fully representative workforce."
AITX and its three subsidiaries collectively have 85 employees spread across 7 departments, sales, marketing, hardware development, software development, production, client services, and administration.
AITX through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics, and software platforms are developed in-house.
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
Read More: https://investorshangout.com/post/view?id=651...z7ooUQU1f4
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