Effective collaboration is a make-or-break skill in business: According to one recent study, high-performing companies are 3.5 to 5.5 times more likely than their lagging counterparts to emphasize collaboration within performance goals. And it's easy to understand why: When employees work in silos, they don't benefit from the knowledge and insights of others. And it's harder to move a project along when stakeholders aren't on the same page.

Whether you're trying to fix a problem, bring a product to market, or achieve some other objective, collaboration between teammates, across business lines, and with external clients and partners can drive better results. Collaboration has indirect benefits as well: creating a sense of ownership and connection between employees that drives morale and engagement.

The challenge is that as corporate structures become more complex and global, with increasingly remote and disparate workforces, collaboration can become difficult. A cloud-based work execution platform can help to ease some of the friction of collaboration; but with numerous options available, finding the best fit can be a task in and of itself.