Box Expands its Collaboration with Microsoft with New Azure OpenAI Service Integration

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Mar 5, 2024--

Box, Inc. (NYSE: BOX), nan starring Content Cloud, coming announced a caller integration pinch Microsoft Azure OpenAI Service to bring its precocious ample connection models to Box AI. The integration of Azure OpenAI Service enables Box customers to use from nan astir precocious AI models successful nan world, while bringing Box and Microsoft’s enterprise-grade standards for security, privacy, and compliance to this groundbreaking technology. Box besides announced that Box AI is mostly disposable to customers connected Enterprise Plus plans, starting today.

“While generative AI is still caller to nan enterprise, we’re already seeing important excitement from customers who want to use this exertion to their contented that is already successful Box,” said Ben Kus, Chief Technology Officer astatine Box. “Our collaboration pinch Microsoft spans good complete a decade, and has spurred invention passim erstwhile exertion shifts, including unreality and mobile computing. Now, successful this caller era of AI, we are expanding our collaboration again to bring AI to enterprises without compromising information security, privacy, compliance, and governance.”

Building pinch Azure OpenAI Service

Guided by its AI Principles, Box has built Box AI connected nan company’s platform-neutral framework, allowing it to link pinch today’s astir powerful ample connection models. By integrating pinch Azure OpenAI Service, Box is applying nan astir precocious intelligence models to its Content Cloud to further beforehand enterprise-grade AI. Microsoft and Box already thief customers meet strict compliance requirements for illustration FINRA, GxP, and FedRAMP. With today’s announcement, they will besides empower organizations crossed highly-regulated industries to leverage AI for caller usage cases. For example:

• Financial services companies tin extract insights from reports successful Box, that see marketplace trends, economical indicators, and humanities financial data, to supply a summary of cardinal findings that highlights projections and imaginable risks.
• Life Sciences organizations tin get accusation from objective proceedings information and expedite study of immense datasets for a much broad and businesslike knowing of proceedings outcomes.
• Public assemblage agencies tin deduce valuable insights from immense amounts of feedback from constituents and argumentation investigation to guideline evidence-based decisions and argumentation development, aligning to President Biden’s guidance for usage of AI.
• Insurance companies tin find cardinal accusation successful claims reports to heighten efficiency, trim turnaround times, and supply a smoother acquisition for some parties.
• Legal firms tin quickly place cardinal terms, clauses, and applicable accusation wrong analyzable ineligible texts, to importantly trim nan clip and effort required for ineligible research, allowing attorneys to attraction connected much strategical aspects of their cases.

“With generative AI innovating astatine a accelerated pace, we are committed to providing exertion that organizations of immoderate size tin trust on,” said John Montgomery, firm vice president, AI platform, Microsoft. “We are excited to spot Box leveraging nan powerfulness of Microsoft Azure OpenAI Service to further heighten nan Box Content Cloud. This collaboration underscores our shared committedness to providing advanced, secure, and trusted solutions for enterprises, empowering them to unlock nan afloat imaginable of their content.”

Box AI is Generally Available Today

Box AI leverages nan powerfulness of generative AI to bring foundational AI models to nan Box Content Cloud – wherever much than 115,000 enterprises already secure, store, and collaborate connected their captious business content. Since entering beta, thousands of enterprises are leveraging Box AI to easy extract nan accusation they request from their documents, make their ain caller contented automatically, aliases deduce timely insights from their contented to toggle shape really they activity and accelerate workflows successful their businesses. Today:

• Wealth advisors are utilizing Box AI to quickly analyse elaborate documents from Investor Relations to pass decisions astir wealthiness guidance and marketplace updates.
• Clinical researchers are utilizing Box AI to summarize immense amounts of objective tests to much quickly extract cardinal findings.
• Product trading managers are utilizing Box AI to make caller and editable contented quickly successful nan shape of blogs, LinkedIn posts, and different societal media.
• HR leads are utilizing Box AI to hunt monolithic amounts of delicate documents including Intranet content, institution policies, and worker handbooks successful bid to find nan answers labor request most.
• Nonprofit outreach specialists are utilizing Box AI to efficiently draught communications arsenic good arsenic way philanthropist engagement and analyse philanthropist data.

“Not excessively agelong ago, our statement was discussing nan business imperative to embracing integer translator by sunsetting bequest workflows and investing successful a contented unreality level that enables unafraid and seamless collaboration from anywhere,” said Matt Hoey, Assistant Vice President of Technology astatine Marx|Okubo Associates. “As nan leader successful this space, we chose Box to guarantee we could execute our transformation, and without knowing it astatine nan time, this would beryllium a captious determination that allowed america to support business continuity during an unforeseen world pandemic. We spot Box AI arsenic a likewise monolithic value-add to our exertion stack, wherever we whitethorn not cognize each nan ways generative AI will alteration our lives successful nan future, but we’re connected nan rocketship of AI advancements conscionable by being a Box customer.”

Box Integrations With Microsoft 365

Over nan past decade plus, Box has built a number of integrations for Microsoft 365 and Teams to heighten productivity and collaboration for associated customers including:

• Teams: Box customers tin streamline collaboration by accessing and sharing Box contented directly successful Teams channels aliases chats.
• Word, Excel, PowerPoint: Users tin easy access, create, edit, and collaborate successful real-time connected Word, Excel, and PowerPoint files connected nan Box web app, mobile aliases desktop, pinch each edits auto-saved to Box.
• Outlook: Users tin destruct nan risks and hassle of email attachments by converting outbound attachments to Box shared links and support type power by redeeming incoming attachments to Box from immoderate device.
• Copilot: Box will besides soon integrate pinch Microsoft Copilot for Microsoft 365 starting successful Teams via nan Box connector for Microsoft Graph.

Pricing and Availability

Box AI, including nan integration pinch Azure OpenAI Service, is mostly disposable today, and is included successful each Enterprise Plus plans, pinch individual users having entree to 20 queries per period and 2,000 further queries disposable connected a institution level.

More accusation astir nan integration tin besides beryllium recovered astatine nan Box blog. Eligible customers willing successful seeing nan powerfulness of Box AI successful action tin easy alteration it successful their statement by accessing their Box Admin Console. Additional instruction tin beryllium recovered astatine nan Box Community and astatine a Box AI webinar connected March 14.

About Box

Box (NYSE:BOX) is nan starring Content Cloud, a azygous level that empowers organizations to negociate nan full contented lifecycle, activity securely from anywhere, and merge crossed best-of-breed apps. Founded successful 2005, Box simplifies activity for starring world organizations, including AstraZeneca, JLL, Morgan Stanley, and Nationwide. Box is headquartered successful Redwood City, CA, pinch offices crossed nan United States, Europe, and Asia. Visit box.com to study more. And sojourn box.org to study much astir really Box empowers nonprofits to fulfill their missions.

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CONTACT: Media:

Dani Robin

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Cynthia Hiponia and Elaine Gaudioso

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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: SECURITY TECHNOLOGY SOFTWARE NETWORKS ARTIFICIAL INTELLIGENCE INTERNET

SOURCE: Box, Inc.

Copyright Business Wire 2024.

PUB: 03/05/2024 04:05 PM/DISC: 03/05/2024 04:04 PM

http://www.businesswire.com/news/home/20240305694514/en