How Banks Can Drive Productivity, Culture with Collaboration Technology

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Emerging digital workspace solutions are vital tools for an industry with a distributed workforce.

Story by Justin Hester, BizTech

The use of collaboration technology such as videoconferencing is becoming increasingly widespread across a variety of industries, and for good reason. Bandwidth speeds easily accommodate video without the latency issues, employers have greater incentive to provide a flexible work environment to attract and retain top workers, and more companies deploy geographically distributed workforces, creating an additional barrier to management and culture-building.

Collaboration technology, when positioned correctly and embraced by employees, increases productivity. One company, for example, adopted collaboration tools and reduced wasted time by as much as 30 percent, according to a study by management consulting firm McKinsey.

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