Calculating co-authoring value
Let’s now put all collaboration methods in a simple overview to calculate the win in cost-reduction due to better efficiency based on total time working on content, and turnover time to create content in a co-authoring process.
Calculating productivity value in a Document Library in Office 365 through versioning and co-authoring
We can now compare the above results and get the following efficiency wins, Collaborate on a file in a …
- library vs in email 40%
wiki vs in email 56%
wiki vs in library 26%
Co-authoring is a creative process and has impact on both the quantity and the quality of the contributions. If you want to calculate the value of co-authoring, you could look at gain in time (cost reduction), and the gain in result (quantity and quality of the content).
Working together has a positive impact on the co-creation. Through social interaction colleagues learn and build on each other’s knowledge. Pleasant cooperation results in a state of pleasure. People will always pursue this feeling, so will continue to do this. Resulting in an increase of the quantity of co-authoring content. Because these colleagues visit each other again and again, give each other feedback, vote and appreciate the quality of the content is also increasing. By the aggregation of information by groups working in co-creation, the results (decisions, proposals, contracts won) are much better than one could achieve as a single individual. Something known as ‘Wisdom of the crowds‘.
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