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 ** Real-time collaboration systems allow multiple users to work on shared data simultaneously, with updates reflected instantly. These systems consist of core components such as data synchronization, conflict resolution, and user authentication. Benefits include increased productivity, enhanced creativity, and improved decision-making. Challenges arise from ensuring seamless communication, managing concurrent changes, and maintaining system scalability.

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Source: https://dev.to/sarvabharan/system-design-15-real-time-collaboration-systems-syncing-minds-one-keystroke-at-a-time-152