The technology that allows for real-time collaboration on documents and projects typically includes tools like Google Workspace (formerly G Suite) and Microsoft 365. These platforms enable multiple users to work simultaneously on the same document, providing features like live editing, commenting, and version history. This facilitates faster decision-making and enhances productivity by breaking down geographical and temporal barriers. Additionally, cloud storage ensures that all changes are saved automatically, allowing users to access and work on their projects anytime, anywhere, fostering effective teamwork and innovation.