How Companies Can Build Authentic DEI Cultures that Drive Long-Term Impact

In the contemporary business environment, Diversity, Equity, and Inclusion (DEI) have transcended mere trends to become essential elements of corporate success and sustainability. Organizations that genuinely embrace DEI principles are more adept at attracting high-caliber talent, promoting innovation, and ensuring sustained growth.

In the following discussion, we examine how organizations can cultivate genuine diversity, equity, and inclusion cultures that foster a more inclusive work environment while also producing enduring and significant effects.

  1. Start with a Clear Vision and Leadership Commitment

Establishing a genuine culture of Diversity, Equity, and Inclusion starts with leadership. It is imperative for leaders to understand that DEI is not merely a temporary project but a continuous dedication. The leadership team must be sincerely committed to fostering an inclusive atmosphere in which every employee feels appreciated and supported.

Practical Measures:

Set Clear DEI Goals: Establish specific, measurable, and time-sensitive objectives for diversity, equity, and inclusion, which may include enhancing workforce diversity, boosting representation in leadership roles, or advancing inclusion initiatives.

Embed DEI in Corporate Values: DEI needs to be integrated into the fundamental values and strategic goals of the organization. When it becomes ingrained in the company’s culture, it demonstrates a dedication to the long haul.

Lead by Example: Leaders need to exemplify inclusive behavior by engaging in DEI training and discussing the significance of DEI initiatives in public settings. Their behavior should demonstrate the organization’s commitment to fostering an inclusive atmosphere.

  1. Foster an Inclusive Environment for All Employees

A genuine DEI culture is not just about bringing in diverse talent; it also guarantees that all employees, no matter their background, have a feeling of belonging. Organizations must prioritize inclusivity throughout the whole employee journey, from hiring to keeping talent.

Practical Measures:

Create Inclusive Policies: Create policies that promote diversity among employees, including flexible working options, parental leave, and policies against discrimination. These policies must be clear and easily accessible to every employee.

Employee Resource Groups (ERGs): Encourage the establishment of Employee Resource Groups that offer environments for staff to engage, exchange experiences, and support particular requirements linked to their identity groups.

Ongoing DEI Training: Implement ongoing, company-wide training programs focused on diversity, equity, and inclusion to ensure that employees across all levels comprehend unconscious bias, privilege, and the significance of inclusive actions. This training ought to be engaging, relevant, and consistent with the company’s core values.

  1. Diversify Recruitment and Retention Strategies

A diverse workforce begins with fair hiring methods. Nonetheless, creating a lasting, diverse organization necessitates that companies look beyond hiring and concentrate on keeping their employees. In the absence of proper support systems, skilled workers from underrepresented groups may depart, leading to elevated turnover rates and hindering diversity initiatives.

Practical Measures:

Review Hiring Practices: Evaluate recruitment methods to remove biases. This might involve anonymizing resumes, standardizing interview queries, and making sure that the hiring panels are varied.

Focus on Internal Development: Support initiatives that foster talent from various backgrounds. This might involve mentorship initiatives, leadership development, and career advancement opportunities that particularly tackle the challenges encountered by underrepresented staff.

Track DEI Metrics: Consistently evaluate diversity statistics across all tiers of the organization, starting from entry-level positions to upper management. Monitor turnover rates among different demographic groups and implement needed changes to enhance long-term retention.

  1. Ensure Equity in Opportunity and Pay

Equity is a core component of a genuine DEI culture. It’s essential for employees to believe that their chances for growth, advancement, and compensation are equitable and not affected by their gender, race, sexual orientation, or any other aspects of their identity.

Practical Measures:

Conduct Pay Equity Audits: Continuously evaluate wage differences within the company and rectify any imbalances. Pay assessments should be carried out openly to maintain responsibility.

Establish Transparent Career Progression Paths: Make certain that every employee, irrespective of their background, can access the same opportunities for career progression. This may include establishing transparent criteria for promotions, introducing mentoring initiatives, and providing workshops focused on skill development.

Offer Equal Access to Development: Make certain that employees with high potential from underrepresented groups have the same access to career advancement opportunities, including stretch assignments, training, or prominent projects.

5. Prioritize Psychological Safety and Open Communication

To cultivate a DEI culture, it’s essential for employees to feel secure and encouraged to present their true selves without the fear of being judged or facing repercussions. When psychological safety is present, it promotes creativity, enabling individuals from varied backgrounds to share their distinct viewpoints without the concern of being sidelined.

Practical Measures:

Create Open Forums for Feedback: Promote ongoing conversations about DEI by organizing town hall meetings, focus groups, or anonymous questionnaires. Utilize this input to inform enhancements in the organization’s DEI initiatives.

Establish Safe Spaces: Make certain that staff members can access resources, including counseling services or affinity groups, where they can discuss their experiences and get support.

Respond to Concerns Promptly: It is essential to communicate that issues pertaining to discrimination or harassment will be treated with utmost seriousness. Establish a clear procedure for reporting and resolving these matters, guaranteeing that employees feel acknowledged and supported.

  1. Embed DEI into Product and Service Offerings

An inclusive corporate culture should not only focus on internal practices but also impact the development and delivery of products and services to customers. Organizations with diverse teams are more inclined to design products that cater to a wide range of customer needs.

Practical Measures:

Diversify Product Development Teams: Create varied teams that can incorporate different viewpoints into product design and innovation, making sure that the requirements of diverse customer segments are addressed.

Incorporate DEI in Marketing and Advertising: Make sure that marketing initiatives reflect a variety of voices and viewpoints, while being mindful of cultural differences. Representation is important both within the organization and in the audience it reaches.

Use Inclusive Language: Encourage inclusivity in all corporate communication. Utilize language that showcases diversity and steers clear of stereotypes.

Conclusion

Creating a genuine DEI culture necessitates more than mere dedication it requires proactive measures, openness, and a readiness to adapt. By emphasizing leadership involvement, inclusiveness, fairness, and clear communication, organizations can foster a DEI culture that goes beyond superficial compliance to generate significant, lasting change. In this way, they will develop more resilient and innovative companies that can draw in diverse talent, cultivate loyalty, and ultimately succeed in a complex and evolving global market.

Elektrobit continues acceleration toward safe and secure software-defined mobility

EB corbos Hypervisor receives safety certification, marking significant milestone on path to making open-source software usable in safety-critical applications.

November 7 – Elektrobit announced that the base of EB corbos Hypervisor has received certification by independent auditor TÜV SÜD in accordance with safety standard ISO 26262 ASIL B as a Safety Element out of Context (SEooC). The certification of EB corbos Hypervisor—an essential component of the recent breakthrough EB corbos Linux for Safety Applications—brings the automotive industry one step closer to utilizing open-source operating systems throughout the entire software-defined vehicle (SDV), including safety-related applications.

EB corbos Hypervisor hosts the safety monitor modules forming the essence of EB corbos Linux for Safety Applications. TÜV NORD’s positive technical assessment based on the two safety standards ISO 26262 ASIL B and IEC 61508 SIL 2 earlier this year cleared the way forward towards full certification of the open-source operating system solution. Certification of EB corbos Hypervisor by TÜV SÜD based on ISO 26262 ASIL B brings us another step closer to the goal of faster, more cost-effective, more secure, and less complex software development and maintenance for future mobility.

“This latest certification marks an important achievement on the pathway to full safety compliance of EB corbos Linux for Safety Applications to global automotive safety standards,” said Mike Robertson, Chief Product Officer and Managing Director at Elektrobit. “We’re excited to continue driving the mobility industry forward toward true software-defined mobility by empowering the development of safe and secure vehicles.”

EB corbos Hypervisor is a microkernel-based operating system with virtualization support. Its foundation is a variant of the open-source L4Re Operating System Framework maintained by Kernkonzept GmbH, which received a security certification up to GERMAN GEHEIM from Germany’s Federal Office for Information Security (BSI) in 2024. EB corbos Hypervisor was certified on a powerful ARMv8-A architecture.

“By using the L4Re Operating System Framework with its virtualization solutions as the technological foundation, Elektrobit builds on an independent hypervisor solution, providing their customers with great flexibility,” said Dr.-Ing. Adam Lackorzynski, founder and CTO of Kernkonzept. “We are proud of our partnership with Elektrobit and the safety certification we have achieved together in this collaboration.”

A long-time proponent of open-source software, Elektrobit is contributing source code back to the community while developing the safety-certified EB corbos Hypervisor. Learn more about EB corbos Hypervisor here: https://www.elektrobit.com/products/ecu/eb-corbos/hypervisor/

Continental Develops Motorsports Brake Control System for Exclusive Bugatti Bolide Hypercar

  • Bugatti Bolide is a 1,600-horsepower hypercar engineered exclusively for the track
  • Continental’s “Motorsports ABS Kit” enhances stability and traction control for superior handling
  • Brake control system enables better vehicle control, even for less experienced drivers
  • Continental Engineering Services has been a long-standing project partner for Bugatti

Frankfurt, Germany, November 6, 2024. An impressive order for an exceptional vehicle: Continental has developed an electronic brake control system for the Bugatti Bolide, a hypercar featuring an anti-lock braking system (ABS), electronic stability control (ESC) and traction control system (TCS), based on the “Motorsports ABS Kit by Continental Engineering Services.” This motorsports brake control system makes the 1,600 hp racing car controllable for professional racing drivers and enthusiasts alike. The Bugatti Bolide is an extremely powerful racing car from the hypercar manufacturer which is approved only for the racetrack. Originally conceived as a concept vehicle based on the Bugatti Chiron production model, the Bolide is now being built in a limited run of 40 units, with the first deliveries scheduled before year-end.

Continental’s internal development and engineering service provider, Continental Engineering Services (CES), and Bugatti have been cooperating on advanced developments for several years, particularly for the Bugatti Chiron and Bugatti Veyron models. The current project stands out due to the development and integration of hardware and software components because racing cars not approved for road use are primarily optimized for top performance and do not usually feature this type of complex driving dynamics system.

Christian Willmann, Bugatti’s chief engineer for the Bolide, explains: “Never before has an ESC system been combined with carbon-carbon brakes – until now. With the Bolide, we’ve achieved this breakthrough, creating a solution based on Continental’s motorsport brake control system that surpasses our expectations in performance, stability, and safety. Continental’s Motorsports ABS makes the Bolide even more exceptional.”

“We’re extremely proud that we were able to push boundaries with Bugatti in this extraordinary project,” adds Volker van Lier, head of the Chassis & Brake Systems business unit at CES. “Developing brake control technology for a hypercar is an exclusive discipline in which Continental Engineering Services has a great deal of experience. Making a racing car controllable not just for professional motorsport racers, but for all drivers, was a particularly interesting challenge for us.”

The challenge: to make a 1,600-horsepower hypercar controllable for anyone

CES was able to contribute its many years of experience both from its work for Bugatti and in the field of motorsports to this sports car project. The development service provider has previously developed brake control systems for the Veyron and Chiron production hypercars (the Bolide is based on the Chiron platform). Additionally, CES provides a foundational Motorsports ABS for all its motorsport clients, which has now been adapted and enhanced with new functionalities specifically for the Bugatti Bolide.

In developing the customized product, the CES Motorsports team tackled the challenge of making a vehicle with outstanding driving dynamics controllable for any driver. The vehicle’s acceleration and braking forces needed to be precisely managed to ensure safe steering and handling, despite its 1,600 hp. Vehicle dynamics control systems make this possible. The traction control system regulates the 1,600 hp output to deliver maximum propulsion in every scenario. The anti-lock braking system ensures the best possible braking performance regardless of external conditions, while the electronic stability control maintains vehicle stability, even during complex maneuvers.

An exclusive vehicle of this type, deliberately not developed for use on public roads, must simultaneously meet the high demands of professional racing drivers while remaining safe for inexperienced motorists. The solution was a brake control system that allows individual driving dynamics functions to be activated or deactivated as needed. One of the advantages in this development was the involvement of a Continental Engineering Services engineer who is also an active racing driver with a racing license. Working alongside the manufacturer’s factory drivers, he helped fine-tune the control systems specifically for racetrack performance.

The Bolide’s brake control system provides five different driving modes for the anti-lock braking system and for the combination of electronic stability and traction control. These modes range from pure racing mode to gradual activation of the driving dynamics control and extensive use of electronic assistance. Driving characteristics can be adjusted directly on the steering wheel, depending on the track, weather conditions and tire status. If brake balance between the front and rear axles is adjusted, CES’ flexible system handles these changes seamlessly. This makes it possible to achieve outstanding braking performance at all times – regardless of whether the tires are cold or optimally warmed up after a few laps on the racetrack.

Software expertise paired with motorsport know-how

The extreme physical forces common in motor racing proved to be a particular challenge. Braking the 1,600 kg sports car generates decelerations of up to 2.5 g more than twice the maximum deceleration of a road-legal vehicle. The aerodynamic downforce at high speeds also had to be factored into the control strategies of CES’s motorsport brake control system: the 380-km/h vehicle places more than double load on the wheels at high speeds as when stationary. To meet these extreme requirements, the experts at CES had to adapt and expand the in-house software package for the basic Motorsports ABS – the control function algorithms were enhanced in order to tame the Bolide’s extraordinary dynamics. Thanks to these optimizations, the systems were also able to fully develop their impressive performance as they interact with racing components such as the carbon-carbon brake system and special endurance slicks.

Although at first glance the brake control system seems inconspicuous, it is capable of maneuvering a 1,600 hp hypercar safely through tight hairpin bends and precisely controlling the brake pressure, even at top speeds of up to 380 km/h, all this while also weighing less than two kilograms and being no larger than a brick. Speed was also of the essence during development: CES was able to develop the exclusive control system within just a year, from the initial meeting to the final driving test.

Donald Trump Wins the White House Race

Donald Trump has won the US presidential election and has won votes of more than 270 electors to become the next US President. Most of the US-based media houses declared him the winner on Wednesday itself while the counting of votes is still ongoing in many states. Mr Trump himself has got more popular (citizen) votes than the Democrat candidate Kamala Harris. According to AP, Trump has successfully won 270 electoral votes needed to officially become the next US President.

While claiming victory on Wednesday, Mr. Trump pledged to “heal” the country, and bring a “golden age” to the US. Mr. Trump has won three crucial swing states namely Pennsylvania, North Carolina, and Georgia, which bolstered his path to 270 electoral votes. On the other hand, Kamala Harris has won states like Virginia and Hawaii, alongside Democratic strongholds like California, New York, and Illinois.

Trump’s success has also extended to other key states, including Alabama, Florida, Texas, and Ohio, along with Nebraska’s third congressional district, which further cemented his lead in the electoral race.

This historic election has captivated the entire world, with Kamala Harris standing as a historic candidate herself. Had she won, Harris would have made history as the first woman, first Black woman, and first person of South Asian descent to assume the U.S. presidency. With a total of 538 electoral votes at stake, 270 are needed to claim the victory. Swing states are now very important due to their unpredictable voting patterns compared to states with more established political leanings.

BCT Digital integrates GST Data into rt360 Early Warning System for enhanced credit monitoring

  • This new feature is implemented in partnership with a large bank in India with advances of USD 65.5 billion and brings GST non-compliance into sharp focus within the robust rt360 Credit Monitoring framework
  • It empowers banks with improved risk management, a consolidated view of non-compliance, and enhanced reporting capabilities.

Chennai, November 6: BCT Digital, a global risk and compliance products technology company delivering FinTech, RegTech, and SustainTech solutions, today announced a key enhancement to its rt360 Early Warning System (EWS) with the integration of GST (Goods and Services Tax) data. This new feature is implemented in partnership with a large bank in India with advances of USD 65.5 billion and brings GST non-compliance into sharp focus within the robust rt360 Credit Monitoring framework.

With the integration of GST data into the rt360 EWS, financial institutions now have a powerful tool for identifying and addressing compliance-related risks associated with GST filings. This new capability allows banks to proactively detect potential credit risks tied to GST non-compliance, enabling swift corrective measures.

Jaya Vaidhyanathan, CEO, BCT Digital, stated “The integration of GST data into our rt360 EWS marks a significant advancement in credit monitoring capabilities, aligning with our goal to provide financial institutions with proactive, data-driven risk management. By enabling early detection of compliance risks, this feature strengthens banks’ ability to safeguard their credit portfolios and act swiftly on potential risks. At BCT Digital, we are dedicated to supporting the BFSI sector with innovative solutions that drive resilience and regulatory compliance.”

The new enhancement allows API integration for seamless GST data access, retrieval of all GSTINs linked to a PAN, verification of filing statuses and provides alerts or notifications for non-compliance, along with details on specific non-compliant GSTINs.

BCT Digital’s rt360 product suite has emerged to be a powerful risk management tool, leading the company to rank among top 70 global risk management firms by Chartis. The company’s ‘rt360 Real Time Monitoring System’ successfully tested and received approval by RBI, through a rigorous evaluation during the fourth Cohort of the Regulatory Sandbox themed ‘Prevention and Mitigation of Financial Frauds’.

Lockton Strengthens Leadership Team with Appointment of Neha Sharma as Senior Director – People & Culture

Mumbai; November 6, 2024: Lockton, the world’s largest privately held insurance brokerage firm, announced the appointment of Neha Sharma as Senior Director – People & Culture for its India operations. This strategic addition to Lockton India’s leadership team underscores the firm’s commitment to fostering a vibrant, inclusive, and high-performing work culture aligned with its growth ambitions in the region.

Neha joins Lockton with an extensive experience of over 17 years in diverse HR roles spanning multiple industries and global markets. She has a proven track record in talent acquisition, organizational development, HR transformation, and strategic workforce planning. Her expertise in building robust HR frameworks, facilitating large-scale cultural transformations, and leading diversity and inclusion initiatives has earned her prestigious industry recognitions, including the India 50 Best HR Leaders Award (2021) and a spot on WAH Story’s 40 Under 40 list for her inspirational career journey.

Dr. Sandeep Dadia, Chief Executive Officer & Country Head Asia Board Member, Lockton, expressed on the appointment, “We are thrilled to welcome Neha to our leadership team at Lockton. Her dedication to fostering inclusive, high-performing teams will play a key role in promoting our values, enriching our culture, and accelerating business growth. With her outstanding expertise and leadership, we are excited to reach new milestones together and confident she will lead our team to even greater achievements”.

Prior to joining Lockton, Neha held senior HR leadership roles at companies such as Sanderson, TrueBlue Inc. and Yatra Online, where she successfully led learning and development initiatives, talent management, and strategic HR programs. In her new role, she will work closely with Dr. Sandeep Dadia, overseeing the HR function to align with Lockton’s strategic goals, focusing on nurturing talent, fostering innovation, and reinforcing Lockton’s cultural values as the company continues to scale and deepen its impact in the Indian market.

About Lockton

What makes Lockton stand apart is also what makes us better: independence. Lockton’s private ownership empowers its 12,500+ Associates doing business in more than 150 countries to focus solely on clients’ risk and insurance needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results.

What Does It Take to Be Successful in Property Management? Here Are Some Top Tips

Property management, whether it’s for single-family homes or large apartment complexes, comes with its fair share of challenges. But with the right approach, you can turn these challenges into opportunities for success. From staying on top of business law to incorporating smart technology, here are the essentials to help you thrive as a property manager.

Stay on Top of Business Law: Legal Compliance is Key

One of the foundational aspects of being a successful property manager is understanding and adhering to legal requirements. From tenant rights to safety regulations, property managers must stay informed about current laws and how they apply to their properties. Managing properties is not just about maintaining the physical space; it’s about protecting your business and your residents from potential legal pitfalls.

Maintaining legal compliance can prevent lawsuits, fines, or other costly issues that could damage your reputation or lead to financial losses. Whether you manage a single-family property or an apartment complex, you need to be aware of the regulations that govern rental agreements, eviction processes, and maintenance obligations.

Revolutionize Parcel Management With Smart Locker Systems

If you’re managing apartment complexes, you’ve likely encountered the problem of handling package deliveries. With the rise of e-commerce, more packages are being delivered than ever, and it can become a logistical nightmare for property managers to manage deliveries efficiently. This is where smart locker systems come into play.

Wondering whats a parcel locker and how it can help? These are secure, automated systems that allow residents to retrieve their packages at their convenience without the need for human assistance. residents receive a notification when their package arrives and a code to access the locker, streamlining the entire delivery process. By incorporating parcel lockers on property locations, property managers can reduce the workload on staff, minimize package theft, and enhance tenant satisfaction.

Focus on Tenant Communication and Relationship Building

As a property manager, communication is everything. Whether you’re managing single-family homes or large apartment buildings, staying in touch with your residents is key to long-term success. Building a strong relationship with residents is more than just addressing issues as they arise—it’s about fostering a sense of community and showing residents that their concerns are being heard and addressed promptly.

This means being proactive about maintenance, responding to complaints quickly, and providing updates on any changes that might affect residents, such as scheduled repairs or policy shifts. Offering online portals where residents can report maintenance issues or pay rent can enhance communication, making it easier for both you and the tenant to manage their needs.

Prioritize Maintenance: Keeping Properties in Top Condition

Maintaining the condition of your properties is one of the most important responsibilities of a property manager. Regular maintenance keeps residents happy and also prevents smaller problems from turning into costly repairs down the road. From fixing leaky faucets to maintaining HVAC systems, staying on top of maintenance helps to better preserve the value of the property and it keeps residents satisfied.

One strategy is to implement a preventative maintenance plan, which includes regular inspections of key systems like plumbing, electrical, and roofing. This can help you identify potential problems before they escalate.

Optimize Your Property With Smart Technology

Technology can easily improve the efficiency of managing properties. Incorporating smart home technology into single-family homes or multi-unit apartments can make life easier for both you and your residents. Smart thermostats, for instance, can help residents control their energy usage, reducing costs and contributing to a more sustainable living environment.

Smart security systems, like video doorbells or keyless entry systems, offer both peace of mind and convenience. residents can control access to their homes remotely, and you can monitor security issues without needing to be on-site. These features are increasingly becoming expected, especially in higher-end properties, so staying up to date with smart tech trends can make your properties more appealing.

Stay Organized: Manage Finances and Administration Efficiently

One of the less glamorous but critical aspects of property management is managing the financial and administrative tasks that come with it. Keeping detailed records of expenses, tenant payments, and maintenance costs ensures that you have a clear view of your financial standing. It also helps during tax season, as you’ll need accurate records to file correctly.

Utilizing accounting software tailored to property management can keep you organized and reduce the risk of errors. These tools can track income and expenses, generate reports, and even help with budgeting for future maintenance and upgrades. Staying on top of your finances not only ensures profitability but also allows you to invest back into your properties and provide better service to your residents.

 

Creating the Future: Smita Pillai Drives a Humancentric Approach

Meet Smita Pillai a visionary leader with over two decades of global experience in global learning, development, inclusion, and innovation across multiple industries. She excels in leading inclusive culture, innovation, and diversity efforts, delivering business-focused innovation results in complex, multi-cultural, and matrixed corporate environments, as well as agile, fast-paced settings.

The Early Years: An Incredible Experience

Smita was born and raised in India. She went on to live and work in 5 countries before finally settling in the United States in the life sciences industry. With her background in global marketing and social research, she had an incredible experience traveling and learning from cultures worldwide.

The Key Inspiration Behind Joining Regeneron

Regeneron is a science-first company. The pandemic highlighted societal disparities, especially in the healthcare sector, more than ever. With the lack of trust in medicine, science, and humanity at large, Regeneron stood out for Smita as a company that truly practices what it preaches in terms of doing good. Her inspiration to join the company came not only from its co-founders but also from the CHRO and her global colleagues who work tirelessly in the fields of science, medicine, and people to make a meaningful difference.

Embedding DEI in the Company Culture

Regeneron’s DEI Strategy is based on the company’s values, which shape its distinctive culture and integrate DEI across three main pillars: Better Workplace, Better Science, and  Better World. Smita and her team believe in a leader-led model for DEI and have established a robust governance model to support their strategy at all organizational levels. This model promotes leadership accountability and defines specific outcomes to progress toward their objectives.

Crucial Leadership Qualities to Drive Meaningful Change

Smita firmly believes that to drive meaningful change in DEI on a global scale, inclusive leadership is crucial. This involves recognizing and appreciating diverse viewpoints, fostering a culture of inclusivity, and being dedicated to continual learning and advancement. Leaders need to demonstrate empathy, courage, and willingness to challenge the existing norms. At Regeneron, the team embraces a leader-led model for DEI, supported by a strong governance framework that enables leaders to be accountable for progress. Additionally, adaptability and proactive policymaking are crucial to addressing the varied experiences and perspectives of employees.

Addressing the Challenges in Fostering Inclusion

To tackle the obstacles of fostering inclusion in a global organization, it is important to promote cultural competence and encourage open dialogue about cultural differences. Smita believes in creating an environment where all employees feel respected and valued, regardless of their cultural background. Her global experience has given her a deep understanding of diverse cultural norms and values, which she leverages to foster inclusion. Additionally, Smita advocates for decentralized approaches, ensuring that individuals making daily decisions about hiring, promotions, and workplace culture are equipped with the necessary skills and knowledge to advance DEI initiatives effectively.

Strategies to Ensure Effective DEI Efforts

Smita implements strategies that extend beyond race and gender to encompass all aspects of diversity, including age, disability, sexual orientation, and socioeconomic status. At Regeneron, DEI efforts are grounded in the company’s values and are integrated into the organization through the lens of three pillars: Better Workplace, Better Science, and Better World. The company also uses advanced analytics and AI to identify and address biases in hiring. It is not just about race and gender; it is about so many other dimensions, including disabilities, neurodiversity, cultural background, and language. Diversity, equity, and inclusion truly bring Regeneron’s culture to life.

Mentoring the Future Leaders

Smita inspires future leaders by sharing her own experiences and the impact of DEI on organizational success. She encourages leaders to prioritize DEI by integrating it into their professional journey and demonstrating its value through their actions and decisions. Her professional journey, which includes living and working in many countries, has provided her with a wealth of experiences that she shares with the next generation of leaders. She also emphasizes the importance of adopting a competency-based approach to DEI, which helps transcend political and ideological divides.

Collaborating with Biotech Leaders

Smita collaborates with other leaders in the biotech industry by participating in industry forums, sharing best practices, and advocating for collective action on DEI issues. She believes in the power of collaboration to drive systemic change and improve DEI outcomes across the industry.

Keeping the DEI Strategy Aligned with the Company’s Mission

Regeneron’s DEI strategy is closely aligned with its mission of ‘Science to Medicine’ by promoting diversity in scientific research and development. Smita and her entire team ensure that DEI principles are integrated into all aspects of the company’s operations, from hiring practices to product development. Their commitment to doing well by doing good is a key driver of their DEI strategy. They also emphasize the importance of tying DEI to competencies to ensure alignment with universal principles of fairness and inclusivity. From a cultural perspective, the firm aims to foster a culture that leads to science. This means having people who can challenge, are curious, can ask the right questions, and create psychological safety.

Overcoming the Obstacles

Smita has faced several challenges,  including resistance to change and the need for continuous education and awareness. However, these challenges also present opportunities to engage employees in meaningful conversations about DEI and to develop innovative solutions to promote inclusion. Additionally, navigating uncertainty and responding to social, political, and global events are critical areas that require agile and proactive strategies.

The Road Ahead

Smita’s long-term vision for DEI at Regeneron is to integrate and elevate the work and embed it into broader talent development, culture, and innovation efforts to create a workplace where all employees feel valued and empowered to contribute to the company’s success. She plans to achieve this by promoting inclusive leadership, fostering a culture of belonging, and implementing comprehensive and inclusive talent and culture initiatives.

The Evolvement of a Chief Diversity, Equity & Inclusion Officer

Smita believes that the role of a Chief Diversity, Equity, & Inclusion Officer will continue to evolve to address emerging DEI challenges and opportunities. This may include leveraging technology to enhance DEI efforts, addressing new dimensions of diversity, and promoting global collaboration on talent, culture & innovation efforts. AI offers promising opportunities for enhancing these efforts, such as advanced analytics to identify and address biases, enhancing accessibility through tools like real-time translation and voice recognition and building opportunities for talent development through AI based tools.

Emerging Hurdles and Their Solutions:  Smitas Take On

Some of the emerging challenges include the need to address intersectionality and the impact of technology on DEI. Organizations can prepare by staying informed about DEI trends, investing in continuous learning and development, and fostering a culture of innovation and inclusion. It’s also important to regularly audit AI systems to ensure fairness and accountability.

Advice for Organization’s DEI Journey

Smita advises organizations to start by understanding their current DEI landscape and identifying areas for improvement. It’s important to set clear goals, engage employees at all levels, and be committed to continuous learning and improvement. Additionally, companies should focus on developing strategies to effectively respond to social, political, and global events, and adopt a competency-based approach to DEI.

Cybersecurity Teams Largely Left Out of AI Policy Development, ISACA Survey Finds

ISACA research reveals only 30% cybersecurity professionals are involved in AI policy-making as organizations leverage AI for endpoint security and threat detection

Bangalore, India (28 October 2024)Only 27 percent of cybersecurity professionals or teams in India are involved in the development of policy governing the use of AI technology in their enterprise, and half (50 percent) report no involvement in the development, onboarding, or implementation of AI solutions, according to the recently released 2024 State of Cybersecurity survey report from ISACA, a global professional association advancing trust in technology.

In response to new questions asked by the annual study, sponsored by Adobe—which showcases the feedback of more than 1,800 global cybersecurity professionals on topics related to the cybersecurity workforce and threat landscape—security teams in India noted they are primarily using AI for:

  • Endpoint security (31 percent)
  • Automating threat detection/response (29 percent)
  • Automating routine security tasks (27 percent)
  • Fraud detection (17 percent)

“In light of cybersecurity staffing issues and increased stress among professionals in the face of a complex threat landscape, AI’s potential to automate and streamline certain tasks and lighten workloads is certainly worth exploring,” says Jon Brandt, ISACA Director, Professional Practices and Innovation. “But cybersecurity leaders cannot singularly focus on AI’s role in security operations. It is imperative that the security function be involved in the development, onboarding and implementation of any AI solution within their enterprise – include existing products that later receive AI capabilities.”

“AI is promising for enhancing cybersecurity operations, but for the benefits to be fully realized, cybersecurity teams must be integrated in the AI governance process. The fact that only 27 percent of these teams in India are currently involved in AI policy-making is a missed opportunity to ensure that AI is implemented securely and responsibly,” says RV Raghu, director, Versatilist Consulting India Pvt Ltd, and ISACA India Ambassador. “There is an urgent need for organizations to rethink how they integrate cybersecurity professionals in AI decision-

making. The strategic importance of collaboration between AI and cybersecurity experts must not be overlooked by organizations.”

Exploring the Latest AI Developments

In addition to the 2024 State of Cybersecurity survey report findings on AI, ISACA has been developing AI resources to help cybersecurity and other digital trust professionals navigate this transformational technology:

  • EU AI Act white paper: Enterprises need to be aware of the timeline and action items involved with the EU AI Act, which puts requirements in place for certain AI systems used in the European Union and bans certain AI uses—most of which will apply beginning 2 August 2026. ISACA’s new white paper, Understanding the EU AI Act: Requirements and Next Steps, recommends some key steps, including instituting audits and traceability, adapting existing cybersecurity and privacy policies and programs, and designating an AI lead who can be tasked with tracking AI tools in use and the enterprise’s broader approach to AI.

 

  • Authentication in the deepfake era: Cybersecurity professionals should be aware of both the advantages and risks of AI-driven adaptive authentication, says new ISACA resource, Examining Authentication in the Deepfake Era. While AI can enhance security by being used in adaptive authentication systems that adapt to each user’s behavior, making it harder for attackers to access, AI systems can also be manipulated through adversarial attacks, are susceptible to bias in AI algorithms, and can come with ethical and privacy concerns. Other developments, including research into integrating AI with quantum computing that could have implications for cybersecurity authentication, should be monitored, according to the paper.
  • AI policy considerations: Organizations adopting a generative AI policy can ask themselves a set of key questions to ensure they are covering their bases, according to ISACA’s Considerations for Implementing a Generative Artificial Intelligence Policy—including “Who is impacted by the policy scope?”, “What does good behavior look like, and what are the acceptable terms of use?” and “How will your organization ensure legal and compliance requirements are met?”

Advancing AI Knowledge and Skills

ISACA also has added to its education and credentialing options to help the professional community keep pace with the changing AI and cybersecurity landscape:

  • Machine Learning: Neural Networks, Deep Learning, Large Language Models— ISACA’s latest on-demand AI course, which joins the recent Machine Learning for Business Enablement course, as well as others on topics such as AI essentials, governance, ethics and audit, can be accessed through ISACA’s online portal at the learner’s convenience and offers continuing professional education (CPE) credits. The courses are available at isaca.org/ai.
  • Certified Cybersecurity Operations Analyst— As emerging technologies like automated systems using AI evolve, the role of the cyber analyst will become more critical in protecting digital ecosystems. ISACA’s upcoming Certified Cybersecurity Operations Analyst certification, launching in Q1 2025, focuses on the technical skills to evaluate threats, identify vulnerabilities, and recommend countermeasures to prevent cyber incidents.

A complimentary copy of ISACA’s 2024 State of Cybersecurity survey report can be accessed at www.isaca.org/campaigns/cyber-month. For more cybersecurity resources from ISACA, visit www.isaca.org/cybersecurity.

ISACA AI resources and courses can be found at www.isaca.org/ai.

 

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