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Research shows that the return on an investment in collaboration technology is greatest for the sales, marketing, and research and development functions.

More about collaboration technology:

Organizations may swiftly assemble distant workers into virtual teams to carry out a variety of tasks thanks to collaborative technologies (CT) (Samarah, 2006).

Companies and coworkers from around the world can connect with one another, share information, and work on projects at their convenience. CT entails using the Internet or another type of technology to communicate with one another and exchange information.

Australia's collaborative economy is worth $46 billion, according to a DeLoitte research. The value of collaboration may increase by $9 billion annually by using better tactics.

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