Home Despite Hype, Companies Doubt the Benefits of Collaboration Tools

Despite Hype, Companies Doubt the Benefits of Collaboration Tools

For all of the excitement generated by the wide range of Web-based business collaboration tools out there, you’d think most companies would be touting the revolutionary effects that these products have had.

Instead, most companies are seeing very few, if any, benefits from online collaboration software, at least according to a new report by Forrester. Of the survey’s respondents, 64% said they saw anywhere from zero to four benefits after implementing collaboration software.

Those benefits do appear to increase, however, as companies invest in more such tools. In other words, deploying a robust suite of collaboration tools leads to greater efficiency and faster time-to-market for product launches. It also helps to integrate them directly into existing product development processes and the workflows people are already using.

The biggest advantage such software does offer is in reducing travel costs, which 62% of businesses reported as a payoff. Improved communication and project management were also cited.

As the workforce becomes increasingly decentralized, it’s clear that remote collaboration tools are rather useful. The report notes that 42% of all workers do at least part of their job outside the office in a typical month. For this ever-growing number, Web-based productivity tools are increasingly indespensable.

What Collaboration Tools Are Companies Investing In?

Of all the money businesses are investing in collaboration, most of it is going toward team workspaces, social tools and real-time communication software.

At the bottom of the list of things companies are planning on investing more in is hosted email. As much buzz surrounds cloud-based email services, companies seem to be sticking with their existing on-premises email solutions for now.

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the gambling and blockchain industries for major developments, new product and brand launches, game releases and other newsworthy events. Editors assign relevant stories to in-house staff writers with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Get the biggest iGaming headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Gambling News

    Explore the latest in online gambling with our curated updates. We cut through the noise to deliver concise, relevant insights, keeping you informed about the ever-changing world of iGaming and its most important trends.

    In-Depth Strategy Guides

    Elevate your game with tailored strategies for sports betting, table games, slots, and poker. Learn how to maximize bonuses, refine your tactics, and boost your chances to beat the house.

    Unbiased Expert Reviews

    Honest and transparent reviews of sportsbooks, casinos and poker rooms crafted through industry expertise and in-depth analysis. Delve into intricacies, get the best bonus deals, and stay ahead with our trustworthy guides.