A paradigm shift, which changes the focus from individual accomplishments to team success, is critical.
According to a study conducted by the Future Foundation on behalf of Google, there is an 81% positive correlation between collaboration and innovation across all markets. Forward-thinking businesses are establishing environments that encourage collaboration, ideation, and knowledge management.
More than ever, organizations are embracing the value of collaboration. Collaboration can increase employee productivity by up to 25%, which translates into nearly $600 billion in value across commercial sectors alone. Establishing a culture of collaboration not only requires an organizational change, but the implementation of strong technology. An online community is an effective way to foster collaboration, increase user satisfaction, enable ideation, and ultimately, drive innovation.