Enables Multi-Document Content Search and
Summarization Powered by Box AI
Announces Beta for Box AI Capabilities in
November
Box, Inc. (NYSE:BOX), the leading Content Cloud, today
unveiled Box Hubs to make it easier than ever to securely curate
and publish content across the enterprise. Box Hubs will deeply
integrate with Box AI so customers will be able to find answers to
critical questions in seconds, automatically summarize vast amounts
of information, and effortlessly create new content – all based on
the documents users organize in a Hub.
“Companies are facing unprecedented challenges when it comes to
organizing and making sense of vast amounts of content,” said Aaron
Levie, Co-founder and CEO of Box. “Keeping teams on the same page;
giving people the latest data; putting the right information in the
right partner’s hands – are all essential to how organizations run.
With Box Hubs and Box AI, we’re making content in Box infinitely
more useful and valuable. From sales enablement and HR policies, to
brand libraries and product development teams, Box Hubs will
transform how we collect, manage, and publish content.”
According to IDC, approximately 90 percent* of data generated by
organizations today is unstructured. This data includes all the
content flowing through an enterprise, including spreadsheets,
videos, documents, and more, and contains an organization’s most
important information.
“As the amount of unstructured data continues to increase,
organizations can no longer overlook the challenges created when
the content is sprawled across silos and applications,” said Wayne
Kurtzman, Research Vice President of Collaboration and Communities,
IDC. “In addition to mitigating security and compliance risks, new
ways of leveraging content drive better ways of finding needed
content, create new insights, and become a strategic advantage. Box
Hubs has the potential to transform how enterprises organize their
information and drive workflows.”
Effortlessly Create Intelligent Content Portals with Box
Hubs
With the volume of information being generated and shared across
global organizations increasing exponentially, it’s critical for
enterprises to have scalable and secure tools for curating and
publishing content, without requiring IT resources or demanding
hours of training for users. With Box Hubs, users will be able
to:
- Create a Hub in minutes, without the help of IT or an Admin, by
simply selecting the desired files and publishing it with a few
clicks, no code required;
- Customize Hubs by adding header images and icons, descriptive
information, and an intuitive content layout;
- Effortlessly add existing content in Box to a Hub – organizing
it into easy-to-read content playlists, and publishing it without
needing to move or copy the files from their current folders;
- Trust that all content published in a Hub will always retain
Box’s enterprise-grade security, governance, and compliance
capabilities, so that content is only ever available to its
intended audience;
- Access all available Hubs via the new Box Hubs gallery, to
seamlessly find desired content and eliminate the need to search
through numerous folders;
- Leverage robust search functionality within specific Hubs so
they can find the information they need faster;
- View built-in insights at the Hub and file-level to better
understand the trends behind how their content is performing and
how their audience is engaging with their Hubs.
In addition to these core features, Box Hubs with Box AI will
enable users to leverage powerful generative AI capabilities to
unlock the value of vast amounts of data stored within their
organization. Customers will be able to ask questions across all of
the content curated in a Hub to extract key information, summarize
complex concepts, and compare specific files. Additionally, users
will be able to generate new content based on information in a Hub,
to ensure that creating new, relevant content is easy and
seamless.
Box Hubs will deliver a simple way for enterprises to securely
curate, organize, and distribute content for every department and
team, including:
- HR teams will be able to publish a Hub with the company
handbook, 401K plans, updated diversity and inclusion resources,
and more, so that all employees can easily find information and
stay up-to-date on company policies;
- Sales enablement teams will be able to organize a Hub
with the corporate pitch, buyer personas, and discovery questions,
so that the sales team can engage with more buyers and grow
revenue;
- Brand teams will be able to create a Hub with ready-made
templates, images, and logos to keep employees and agencies aligned
while strengthening the company’s overall brand recognition;
- Marketing teams will be able to curate a Hub with
objectives, goals, positioning statements, and competitive
analyses, allowing hybrid teams to work seamlessly while measuring
ROI on marketing initiatives;
- Product teams will be able to build a department Hub
with the product roadmap, org charts, and quarterly planning
processes to enable products to be delivered to customers
on-time.
Box AI to Enter Beta
Earlier this year, Box introduced Box AI, a new suite of
capabilities that will natively integrate advanced AI models into
the Box Content Cloud, bringing Box’s enterprise-grade standards
for security, compliance, and privacy to this breakthrough
technology.
The first two Box AI capabilities, which embed technology from
OpenAI to enable users to create content in Box Notes and to ask
questions of specific documents when you’re previewing them in Box,
will begin rolling out to Box Enterprise Plus plan users in beta
this November. Initially, users will have access to 20 queries per
month, with 2,000 additional queries available on a company level.
Over time, additional queries will be available for purchase for
larger scale use cases.
Box Hubs Pricing and Availability
Box Hubs will be available to all Box users on Enterprise plans
and above. Box Hubs with Box AI will be included in the Enterprise
Plus plan. Both versions of Box Hubs will be available in beta next
year.
To learn more about Box Hubs and how Box AI will transform the
way you work with your content, check out the Box Blog and watch
the keynote at BoxWorks on October 11.
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties, including statements regarding Box
Hubs and Box AI, their planned product introduction and product
features, and the market adoption and benefits of such product
introduction and features. There are a significant number of
factors that could cause actual results to differ materially from
the statements made in this press release, including: (1) adverse
changes in general economic or market conditions; (2) Box’s ability
to partner with third parties to integrate AI technologies with the
Box Content Cloud; (3) delays or reductions in information
technology spending; (4) the risk that Box’s customers do not renew
their subscriptions, expand their use of Box’s services, or adopt
new products offered by Box on a timely basis, or at all; (5) Box’s
ability to provide timely and successful product introductions,
enhancements, new features and modifications to its platform and
services; and (6) actual or perceived security vulnerabilities in
Box AI or other Box services or any breaches of Box’s security
controls. Any unreleased services or features referenced in this or
other press releases or public statements are not currently
available and may not be delivered on time or at all. Customers who
purchase Box products should make their purchase decisions based
upon features that are currently available. Additional information
on potential factors that could affect Box’s financial results is
included in the reports on Forms 10-K, 10-Q and 8-K and in other
filings Box makes with the Securities and Exchange Commission from
time to time. These documents are available on the SEC Filings
section of Box’s Investor Relations website located at
www.box.com/investors. Box does not assume any obligation to update
the forward-looking statements contained in this press release to
reflect events that occur or circumstances that exist after the
date on which they were made.
About Box
Box (NYSE:BOX) is the leading Content Cloud, a single platform
that empowers organizations to manage the entire content lifecycle,
work securely from anywhere, and integrate across best-of-breed
apps. Founded in 2005, Box simplifies work for leading global
organizations, including AstraZeneca, JLL, Morgan Stanley, and
Nationwide. Box is headquartered in Redwood City, CA, with offices
across the United States, Europe, and Asia. Visit box.com to learn
more. And visit box.org to learn more about how Box empowers
nonprofits to fulfill their missions.
*Source: IDC White Paper, Sponsored by Box, “Untapped Value:
What Every Executive Needs to Know About Unstructured Data,” Doc.
US51128223, August 2023
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231011447195/en/
Dani Robin comms@box.com
Box (NYSE:BOX)
Historical Stock Chart
From Apr 2024 to May 2024
Box (NYSE:BOX)
Historical Stock Chart
From May 2023 to May 2024