The online collaboration app integrates Microsoft Office 365 with group chat software, a host of productivity tools and works in harmony with SharePoint, Word, PowerPoint and OneDrive. Microsoft has focussed all its energy on building an all-encompassing collaboration and communication platform. Microsoft Teams was created during an internal hackathon at the company’s headquarters and was unveiled to the world on 14 March 2017. Slack was most certainly dominating the collaboration software market…that was until Microsoft Teams was born and the Microsoft Teams vs Slack battle was on. And in December 2020, Slack was acquired by Salesforce for $27.7 billion. In 2019, Slack had more than 12 million active users and had reached $292 million in annual profit. Slack Technologies is hailed as the fastest growing start-up in history after being valued at more than a billion dollars within just twelve months. It was only intended as an internal tool to connect colleagues in their US and Canadian offices. Slack was actually born out of a gaming company called Tiny Speck in 2013. With that said, let’s get into it! A brief history on Slack And with the rise of the hybrid working model changing the way organisations collaborate with colleagues, this number is expected to grow at a rate of 13% from 2021 to 2028. In 2020, the team collaboration software market reached $10.48 billion globally. In this article, we’re reviewing the two leaders in the collaboration software market – Microsoft Teams vs Slack, to uncover which one really is the best tool for the job. Frontline Worker Workshop – Delve into how employees are communicating, collaborating and being productive.
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