These days there are multiple collaboration tools that enable professionals to interact and connect to one another virtually. This, in turn, has affected the economies around the globe in a big way in terms of productivity. It is suggested by the report published by McKinsey Global Institute titled “The Social Economy: Unlocking Value and Productivity through Social Technologies” that more than a trillion dollars a year may be unlocked in knowledge worker productivity and this would greatly influence growth and performance in the present century.