When true collaboration comes into effect, everything changes – Work becomes easy, issue resolution gets quicker and productivity goes up quite spectacularly.
One of the major contributors to the success of every organization is whether or not its employees are able to work together as a team. Effective collaboration unlocks the potential, capability and knowledge of every employee and ultimately results in innovation and improved performance. Conversely, poor collaboration can become problematic in no time, affecting all areas of the business.
Here are some interesting statistics that reveal the importance of collaboration:
- According to Deloitte, when employees collaborate: 15% work faster; 73% do better work; 60% become innovative; and 56% are more satisfied.
- According to Gallup, higher workplace engagement leads to a nearly 40% reduction in absenteeism and 21% higher productivity.
- According to SalesForce, 97% of workers believe that a lack of team alignment directly impacts the outcome of a project, and 86% blame lack of collaboration and poor communication for workplace failures.
- A survey conducted by Queen’s University found that three in four employees (that is 75%) rate teamwork and collaboration as “very important”.
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Collaborative work culture is at the core of a modern agile organization. In order to imbibe this culture, more and more businesses are adapting emerging technologies; businesses are realizing the benefits of Artificial Intelligence (AI), Augmented Reality (AR) and Virtual Reality (VR), Chatbots and Blockchain to better collaborate and improve productivity.
Let’s take a look at an infographic that shows how emerging technologies such as IoT, AI, Big Data, AR and VR and Chatbots are powering enterprise collaboration: