Introduction of Collaboration in the workplace Collaboration happens when two or more people or groups work together through sharing ideas and thoughts to accomplish a common goal. It has always proven a higher-level accomplishment when like-minded people work together as a team. A collaborative approach has been put into practice by using a web-based program, email, and videoconferencing outside the office boardroom. A technology platform has been able to contribute and be able to bring a team together to offer different perspectives and expertise to solve problems through a collective effort. With the Smartphone’s arrival, you find that the Mon-to-Fri, 9 to 5 routine does not exist anymore. An era of hypermobility has set in, and an evolution in the workforce is taking place. We seem to be moving away from the conventional model of a hierarchical and centralized office with the sophistication of communication technology. Work perception is now an approach that is driven by the outcome. This development is beneficial not only to the employees but also to the companies. Virtual teams and project management, which are now cloud-based, have become the new norm. Nowadays, almost 16% of companies are hiring only remote teams globally. Is Working Remotely Effective for Employees and Companies Yes, remote work is on the rise. The number of hours spent working off-site is increasing, as is the number of workers. This flexible new work model can solve the problem of work/life balance. Employees can tackle different challenges related to working on the go. They have virtual access to their projects, and their teams work with maximum productivity and less work pressure. For those growing small companies, this remote workforce tends to deliver different advantages such as the freedom to source the required talent cost-effectively and from anywhere. Maintaining a physical location for any company is an expensive affair. With employees being virtual, the company has a better chance of growing seamlessly at lower costs. Highly engaged workplaces can claim 41% lower absenteeism, 40% fewer quality defects, and 21% higher profitability.

For example, a company with 1000 people where employees work remotely three days a week, if employees at a company with an average engagement rate improve productivity by 5% by working remotely, the company will save approximately $3,000 per employee. That would amount to $ 8 million of annual savings.

How does the Next-Generation Collaboration look like The next-generation collaboration platform will be the end-to-end ecosystem management ability. It seamlessly provides the engagement and benefits of each participant in the whole ecosystem networks through the decentralized and self-sovereign identity by identifying the use case security rules and compliances. In a real lament term, a successful organization is the outcome of a seamlessly integrated and successfully established trusted relationship management of its executive management, team members from various departments and clusters, stakeholders, partners, and the target customer/ clients. To manage this lifecycle, professional organizations adopt various innovative, complicated, and expensive tools and means. Using these solutions, the relationship, as mentioned earlier of all the stakeholders, conduct their businesses within the provided sets of frameworks. Therefore, the solution should be a communication-centric digital infrastructure platform. Its efficacy depends on bridging the external with the internal for building a trust-based ecosystem where all stakeholders work to create value through enhanced collaboration, branding, and community-focused eCommerce. #digitalinfrastructure #next-Generation #collaboration #trust-based #ecosystem #idhubs