Box Expands its Collaboration with Microsoft with New Azure OpenAI Service Integration
March 05 2024 - 4:05PM
Business Wire
Announces General Availability of Box AI for
Enterprise Plus Customers
Box, Inc. (NYSE: BOX), the leading Content Cloud, today
announced a new integration with Microsoft Azure OpenAI Service to
bring its advanced large language models to Box AI. The integration
of Azure OpenAI Service enables Box customers to benefit from the
most advanced AI models in the world, while bringing Box and
Microsoft’s enterprise-grade standards for security, privacy, and
compliance to this groundbreaking technology. Box also announced
that Box AI is generally available to customers on Enterprise Plus
plans, starting today.
“While generative AI is still new to the enterprise, we’re
already seeing significant excitement from customers who want to
apply this technology to their content that is already in Box,”
said Ben Kus, Chief Technology Officer at Box. “Our collaboration
with Microsoft spans well over a decade, and has spurred innovation
throughout previous technology shifts, including cloud and mobile
computing. Now, in this new era of AI, we are expanding our
collaboration again to bring AI to enterprises without compromising
data security, privacy, compliance, and governance.”
Building with Azure OpenAI Service
Guided by its AI Principles, Box has built Box AI on the
company’s platform-neutral framework, allowing it to connect with
today’s most powerful large language models. By integrating with
Azure OpenAI Service, Box is applying the most advanced
intelligence models to its Content Cloud to further advance
enterprise-grade AI. Microsoft and Box already help customers meet
strict compliance requirements like FINRA, GxP, and FedRAMP. With
today's announcement, they will also empower organizations across
highly-regulated industries to leverage AI for new use cases. For
example:
- Financial services companies can extract insights from
reports in Box, that include market trends, economic indicators,
and historical financial data, to provide a summary of key findings
that highlights projections and potential risks.
- Life Sciences organizations can obtain information from
clinical trial data and expedite analysis of vast datasets for a
more comprehensive and efficient understanding of trial
outcomes.
- Public sector agencies can derive valuable insights from
vast amounts of feedback from constituents and policy research to
guide evidence-based decisions and policy development, aligning to
President Biden’s guidance for use of AI.
- Insurance companies can find key information in claims
reports to enhance efficiency, reduce turnaround times, and provide
a smoother experience for both parties.
- Legal firms can quickly identify key terms, clauses, and
relevant information within complex legal texts, to significantly
reduce the time and effort required for legal research, allowing
attorneys to focus on more strategic aspects of their cases.
“With generative AI innovating at a rapid pace, we are committed
to providing technology that organizations of any size can rely
on,” said John Montgomery, corporate vice president, AI platform,
Microsoft. “We are excited to see Box leveraging the power of
Microsoft Azure OpenAI Service to further enhance the Box Content
Cloud. This collaboration underscores our shared commitment to
providing advanced, secure, and trusted solutions for enterprises,
empowering them to unlock the full potential of their content.”
Box AI is Generally Available Today
Box AI leverages the power of generative AI to bring
foundational AI models to the Box Content Cloud – where more than
115,000 enterprises already secure, store, and collaborate on their
critical business content. Since entering beta, thousands of
enterprises are leveraging Box AI to easily extract the information
they need from their documents, generate their own new content
automatically, or derive timely insights from their content to
transform how they work and accelerate workflows in their
businesses. Today:
- Wealth advisors are using Box AI to quickly analyze
detailed documents from Investor Relations to inform decisions
around wealth management and market updates.
- Clinical researchers are using Box AI to summarize vast
amounts of clinical trials to more rapidly extract key
findings.
- Product marketing managers are using Box AI to generate
fresh and editable content quickly in the form of blogs, LinkedIn
posts, and other social media.
- HR leads are using Box AI to search massive amounts of
sensitive documents including Intranet content, company policies,
and employee handbooks in order to find the answers employees need
most.
- Nonprofit outreach specialists are using Box AI to
efficiently draft communications as well as track donor engagement
and analyze donor data.
“Not too long ago, our organization was discussing the business
imperative to embracing digital transformation by sunsetting legacy
workflows and investing in a content cloud platform that enables
secure and seamless collaboration from anywhere,” said Matt Hoey,
Assistant Vice President of Technology at Marx|Okubo Associates.
“As the leader in this space, we chose Box to ensure we could
achieve our transformation, and without knowing it at the time,
this would be a critical decision that allowed us to maintain
business continuity during an unforeseen global pandemic. We see
Box AI as a similarly massive value-add to our technology stack,
where we may not know all the ways generative AI will change our
lives in the future, but we’re on the rocketship of AI advancements
just by being a Box customer.”
Box Integrations With Microsoft 365
Over the past decade plus, Box has built a number of
integrations for Microsoft 365 and Teams to enhance productivity
and collaboration for joint customers including:
- Teams: Box customers can streamline collaboration by
accessing and sharing Box content directly in Teams channels or
chats.
- Word, Excel, PowerPoint: Users can easily access,
create, edit, and collaborate in real-time on Word, Excel, and
PowerPoint files on the Box web app, mobile or desktop, with all
edits auto-saved to Box.
- Outlook: Users can eliminate the risks and hassle of
email attachments by converting outbound attachments to Box shared
links and maintain version control by saving incoming attachments
to Box from any device.
- Copilot: Box will also soon integrate with Microsoft
Copilot for Microsoft 365 starting in Teams via the Box connector
for Microsoft Graph.
Pricing and Availability
Box AI, including the integration with Azure OpenAI Service, is
generally available today, and is included in all Enterprise Plus
plans, with individual users having access to 20 queries per month
and 2,000 additional queries available on a company level.
More information about the integration can also be found at the
Box blog. Eligible customers interested in seeing the power of Box
AI in action can easily enable it in their organization by
accessing their Box Admin Console. Additional instruction can be
found at the Box Community and at a Box AI webinar on March 14.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240305694514/en/
Media: Dani Robin press@box.com
Investors: Cynthia Hiponia and Elaine Gaudioso
ir@box.com
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