Teams are a collection of people, content, and tools surrounding different projects and jobs within an organization.
A team is designed to bring together a group of people that work closely to get things done. Teams can be dynamic for project-based work as well as ongoing, to reflect the internal structure of your organization (for example, departments and office locations). Conversations, files and notes across team channels are only visible to members of the team.
Channels are dedicated sections within a team to keep conversations organized by specific topics, projects, disciplines, or any other customizations.
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Team channels are places where everyone on the team can openly have conversations. Private chats are only visible to those people in the chat.
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Channels are most valuable when extended with Apps that include Tabs, Connectors, and Bots that increase their value to the members of the team.