Amesite Launches Implicit Bias Training with Expert Larry Davis Jr.
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Insights
The launch of an Implicit Bias Training program by Amesite Inc. represents a strategic move in the context of corporate social responsibility and workforce optimization. The program's focus on workplace bias and inclusivity addresses a critical area of concern for many organizations. The data provided, highlighting a correlation between unchecked biases and employee disengagement, which in turn costs US companies over $450 billion annually, underscores the economic incentive for companies to invest in such training.
From a market perspective, the fact that annual expenditures on diversity training are over $8 billion indicates a substantial market opportunity for Amesite. The company's partnership with educational institutions and collaboration with a recognized expert in mental health counseling and education, Larry Davis Jr., adds value to their offering and positions them as a serious player in the professional development and corporate training sector.
For stakeholders, the introduction of this program could potentially lead to enhanced employee engagement and productivity, which are key drivers of business success. By addressing implicit bias, Amesite not only aligns itself with current social trends towards greater workplace inclusivity but also taps into a growing market demand for effective diversity and inclusion programs.
The financial implications of Amesite's new Implicit Bias Training program can be significant. Given the reported productivity losses associated with employee disengagement due to biases, there is a clear cost-saving potential for businesses that implement effective bias training. The direct costs of disengagement, quantified at over $450 billion annually, provide a compelling business case for the adoption of Amesite's training solutions.
Moreover, Amesite's stock value may be influenced by the market's perception of the company's role in addressing a pervasive workplace issue. Investors often look favorably upon companies that not only grow their revenue streams but also contribute positively to societal challenges, which can enhance brand reputation and customer loyalty.
It is also important to consider the competitive landscape. With $8 billion spent annually on diversity training, Amesite's ability to capture market share will depend on the efficacy and differentiation of its program. The long-term financial impact will hinge on the company's success in securing contracts with businesses and educational institutions and the scalability of their cloud-based platform.
From a human resources perspective, the development of an Implicit Bias Training program by Amesite is a timely intervention in the effort to create more inclusive workplaces. Implicit bias can significantly affect hiring, promotion and team dynamics, which in turn impacts overall organizational performance. The training program, therefore, serves a dual purpose: it helps mitigate legal and reputational risks associated with discrimination and fosters a more productive and engaged workforce.
The collaboration with Larry Davis Jr. brings a level of expertise and credibility to the program, potentially increasing its effectiveness. Organizations are increasingly recognizing the importance of such training as part of their diversity and inclusion strategies, which can lead to better talent retention and attraction. For Amesite, this initiative may also serve as a differentiator in the competitive e-learning industry, potentially attracting a broader client base interested in comprehensive and expert-led training solutions.
DETROIT, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Amesite Inc. (NASDAQ: AMST), a leading artificial intelligence software company offering a cloud-based learning platform for business and education markets, announces the launch of its Implicit Bias Training program. Developed in collaboration with Larry Davis Jr., MA, LPC, CADC, NCC, ACS, this program is set to address the critical issues of workplace bias and inclusivity.
Implicit bias in the workplace is not only a significant concern for the safety and wellbeing of individuals, but also for the success of workplaces as a whole. Employees with unchecked biases are three times more likely to disengage, leading to substantial productivity losses. This disengagement costs US companies over
Dr. Ann Marie Sastry, CEO of Amesite, commented, “Creating programs like Implicit Bias Training enables our Customers to launch much-needed programs in their communities. Amesite is committed to delivering impactful and relevant learning solutions. Working with an accomplished expert like Larry Davis Jr. and leveraging our partnerships with educational institutions underscore our dedication to improving workplace environments and promoting inclusivity.”
Larry Davis Jr. added, “Leveraging my extensive experience in mental health counseling and education, I’m honored to collaborate with Amesite on this significant step in bringing essential implicit bias training to a broader audience. We aim to empower organizations and individuals with the knowledge and tools to create a more inclusive and engaged workplace, ultimately enhancing productivity and well-being.”
About Amesite Inc.
Amesite is an ed-tech, SaaS company with the most advanced artificial intelligence driven online learning platform in the industry, providing both content creation and a best-in-class infrastructure for the multi-billion-dollar online learning markets in business and education. For more information, visit https://amesite.com.
Forward Looking Statements
This communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company, the Company's planned online machine learning platform, the Company's business plans, any future commercialization of the Company's online learning solutions, potential customers, business objectives and other matters. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "may," "will," "should," "would," "expect," "plan," "believe," "intend," "look forward," and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement. Risks facing the Company and its planned platform are set forth in the Company's filings with the SEC. Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact:
MJ Clyburn
TraDigital IR
Sources
[1] https://www.gallup.com/workplace/393497/world-trillion-workplace-problem.aspx
[2] https://behavioralpolicy.org/wp-content/uploads/2020/08/Developing-delivering-effective-anti-bias-training-Challenges-.pdf
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