In today’s highly connected world, companies rely heavily on collaboration between teams to get work done and on technology to effectively aid the process. Team Collaboration is a project management approach that is geared towards open communication, minimal hierarchy and red tape, teamwork, active and equal participation, and innovation. Team collaboration is critical to boost productivity and innovation. It becomes all the more important when businesses are distributed over different sites, geography and become hyper distributed.
As businesses evolve with the changing times, Team Collaboration Software has emerged as the best provider of solutions to connect employees across geographies. According to data gleaned by Grandview research; between 2020 and 2027, the demand for collaboration software is set to grow at 12.7%.
What is Team Collaboration Software?
Team Collaboration Software is a platform that aids companies in creating a digitally enhanced workspace, to enable real-time communication among team members while working on a project. With traditional offices going through an overhaul, such collaboration tools are becoming a mainstay for global companies that have staff and operations across the world.
Team Collaboration Software allows team members to message each other, speak as a group, and share relevant content with the help of tools that help teams address queries, cross-check tasks and access shared knowledge and files.
While it may seem like there is an overlap between Team Collaboration Software and Project Management Software, both are highly distinct tools. Project Management is essentially centralised management or a bird's eye view of a project's workflow for a manager, while Team Collaboration Software ensures that both information and communication that are critical drivers of a project are centralised here.
Project Management Software helps a project manager or company management maintain the project plan, meet goals while managing resources and cost. It basically involves speaking with individual contributors to get status updates on their work.
In contrast, Team Collaboration Software decentralises and lets users execute the tasks within a project. This means that such teams can be devoid of any project manager and can often work independently while also interacting with each other as well as with a central project manager.
While functions in a Project Management Software include task distribution, time tracking, budgeting resource planning etc, Team Collaboration Software lets users access shared information, knowledge regarding tasks and work files.