The 2021 LDC-HITEC Latinos in Technology Report: From Consumers to Makers highlights the significant shift of U.S. Latinos in tech from being consumers to becoming influential creators and leaders in the industry. This report, produced in collaboration with the Hispanic Information Technology Executive Council (HITEC), illustrates how Latinos are playing a growing role in driving the U.S. economy, especially as the COVID-19 pandemic has accelerated digital transformation across all sectors.
Latinos are not only quick to adopt new technologies, but they are also making strides as contributors to the tech workforce and as innovators. With a buying power of $1.85 trillion and a strong representation among younger demographics, Latinos are positioned to lead a tech-powered mainstream economy. The report reveals that 35% of Latinos are often the first in their peer groups to try new tech products, showcasing their enthusiasm and influence in the tech industry.
Education and mentorship are crucial in closing the gap between Latinos and other groups in STEM fields. Initiatives like those led by HITEC aim to build a pipeline from the classroom to the boardroom. This effort ensures that Latino talent is nurtured and empowered to drive the next wave of technological advancements. The report also addresses ongoing challenges, such as the underrepresentation of Latinos in high-paying tech jobs and leadership roles. Companies are urged to actively recruit and retain Latino talent, leveraging their unique perspectives to foster innovation and growth.
Furthermore, the report calls attention to the importance of corporate responsibility in supporting Latino advancement. By creating an inclusive environment, companies can benefit from the innovative ideas and perspectives that Latinos bring to the table.
To delve deeper into the insights and strategies outlined in this report, download the full 2021 LDC-HITEC Latinos in Technology Report: From Consumers to Makers from the Latino Donor Collaborative website.
