NEW YORK (December 16, 2014)— According to a new report by Forbes Insights, in association with join.me by LogMeIn, "Tooling Up for Collaboration: Virtual Meetings That Drive Business Results," the ability to collaborate is becoming a key driver of value creation. Companies today must call upon a wide range of resources and capabilities to deliver increasingly complex products and services amid fast-moving, highly competitive, global markets. Complexity requires tradeoffs—cooperative, informed, conscious and dynamic choices delivering maximization, minimization or optimization of factors such as risk, cost, quality or time.
Such issues are best addressed by teams, and today's teams are growing exponentially more complex, featuring fluid, cross-functional teaming amid globally dispersed and decidedly mobile employees. Collaboration is central to the function of these teams, and selecting reliable, easy-to-use collaboration tools is key.
“This report underlines the need to embrace intuitive collaboration tools that employees will actually use,” says Bruce Rogers, Chief Insights Officer and head of the CMO Practice for Forbes Media. “Workflows and processes must be redesigned from a collaborative point of view.”
Key insights include:
- The need to manage rising complexity drives the value of collaboration.
- 67% of workers say that fewer than half the meetings they attend are worth the time, according to research by Ovum.
- Properly deployed, today’s technologies deliver exponential improvements in the ability to collaborate.
- Advancements in the ability to collaborate are driving extraordinary improvements in overall business performance.
- 74% of executives say collaborative tools are increasing speed to access knowledge; 58% say they are reducing communications costs.
About this research
The report is based on interviews with executives and consultants, supplemented with findings from “Collaboration 2.0: Death of the Web Conference (As We Know It),” a global study of 3,926 full-time employees across 22 different countries. This study from Ovum and join.me by LogMeIn is the largest of its kind undertaken on the evolution of physical and virtual collaboration behaviors. The report also draws on research from McKinsey, Chess Media and Cognizant.
About Forbes Insights
Forbes Insights is the strategic research and thought leadership practice of Forbes Media, publisher of Forbes magazine and Forbes.com, whose combined media properties reach nearly 50 million business decision makers worldwide on a monthly basis. Taking advantage of a proprietary database of senior-level executives in the Forbes community, Forbes Insights conducts research on a host of topics of interest to C-level executives, senior marketing professionals, small business owners and those who aspire to positions of leadership, as well as providing deep insights into issues and trends surrounding wealth creation and wealth management.
About LogMeIn, Inc.
LogMeIn (NASDAQ:LOGM) transforms the way people work and live through secure connections to the computers, devices, data, and people that make up their digital world. The company’s cloud services free millions of people to work from anywhere, empower IT professionals to securely embrace the modern cloud-centric workplace, give companies new ways to reach and support today’s connected customer, and help businesses bring the next generation of connected products to market.
LogMeIn is headquartered in Boston’s Innovation District with offices in Australia, Hungary, India, Ireland, and the UK.
Contacts:
Forbes Insights Laura Daunis 212-367-4874ldaunis@forbes.com
LogMeIn Craig VerColen 781-897-0696 press@logmein.com
Download the report at www.forbes.com/forbesinsights/join_me/
