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Box AI, with Unlimited Access to Generative AI, Accelerates Adoption in Japan

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Box, Inc. (NYSE:BOX) announced that Box AI for Documents and Notes is now available with unlimited queries for Enterprise Plus customers, experiencing rapid growth in Japan. Major companies like Asahi Group Japan, The Norinchukin Bank, and Hitachi High-Tech have implemented Box AI company-wide to leverage unstructured data with enterprise-grade security.

Box AI aims to utilize the power of generative AI within the Box platform, allowing companies to extract value from unstructured data that accounts for 90% of corporate information. The service offers features like question-answering and summarization functions, with plans to introduce Box AI for Hubs and more flexible workflow automation features later this year.

Box, Inc. (NYSE:BOX) ha annunciato che Box AI per Documenti e Note è ora disponibile con richieste illimitate per i clienti Enterprise Plus, registrando una rapida crescita in Giappone. Grandi aziende come Asahi Group Japan, The Norinchukin Bank e Hitachi High-Tech hanno implementato Box AI a livello aziendale per sfruttare i dati non strutturati con sicurezza di livello enterprise.

Box AI mira a utilizzare la potenza dell'AI generativa all'interno della piattaforma Box, consentendo alle aziende di estrarre valore dai dati non strutturati che rappresentano il 90% delle informazioni aziendali. Il servizio offre funzionalità come domande e risposte e funzioni di sintesi, con piani per introdurre Box AI per Hubs e funzionalità di automazione dei flussi di lavoro più flessibili entro la fine dell'anno.

Box, Inc. (NYSE:BOX) anunció que Box AI para Documentos y Notas ya está disponible con consultas ilimitadas para los clientes de Enterprise Plus, experimentando un rápido crecimiento en Japón. Grandes empresas como Asahi Group Japan, The Norinchukin Bank y Hitachi High-Tech han implementado Box AI en toda la empresa para aprovechar los datos no estructurados con seguridad de nivel empresarial.

Box AI tiene como objetivo utilizar el poder de la IA generativa dentro de la plataforma Box, permitiendo a las empresas extraer valor de los datos no estructurados que representan el 90% de la información corporativa. El servicio ofrece funciones como preguntas y respuestas y funciones de resumen, con planes para introducir Box AI para Hubs y características de automatización de flujos de trabajo más flexibles a finales de este año.

Box, Inc. (NYSE:BOX)는 문서 및 노트를 위한 Box AI가 이제 무제한 쿼리와 함께 Enterprise Plus 고객을 위해 제공된다고 발표하였으며, 일본에서 빠른 성장을 경험하고 있습니다. 아사히 그룹 일본, 농림중앙은행, 히타치 고급 기술 등 주요 기업들이 기업급 보안으로 비구조화된 데이터를 활용하기 위해 전사적으로 Box AI를 도입하였습니다.

Box AI는 Box 플랫폼 내에서 생성 AI의 힘을 활용하여 기업들이 기업 정보의 90%를 차지하는 비구조화된 데이터에서 가치를 추출할 수 있도록 하는 것을 목표로 하고 있습니다. 이 서비스는 질문-답변 및 요약 기능과 같은 기능을 제공하며, 올해 말에는 허브용 Box AI 및 더 유연한 워크플로 자동화 기능을 도입할 계획입니다.

Box, Inc. (NYSE:BOX) a annoncé que Box AI pour Documents et Notes est désormais disponible avec des requêtes illimitées pour les clients Enterprise Plus, enregistrant une croissance rapide au Japon. Des entreprises majeures telles que Asahi Group Japan, The Norinchukin Bank et Hitachi High-Tech ont mis en œuvre Box AI à l'échelle de l'entreprise pour exploiter les données non structurées avec une sécurité de niveau entreprise.

Box AI vise à utiliser la puissance de l'IA générative au sein de la plateforme Box, permettant aux entreprises d'extraire de la valeur des données non structurées qui représentent 90 % des informations d'entreprise. Le service propose des fonctionnalités telles que la réponse à des questions et des fonctions de résumé, avec des plans pour introduire Box AI pour Hubs et des fonctionnalités d'automatisation des workflows plus flexibles d'ici la fin de l'année.

Box, Inc. (NYSE:BOX) gab bekannt, dass Box AI für Dokumente und Notizen jetzt mit unbegrenzten Abfragen für Enterprise Plus-Kunden verfügbar ist und in Japan ein schnelles Wachstum verzeichnet. Große Unternehmen wie Asahi Group Japan, The Norinchukin Bank und Hitachi High-Tech haben Box AI unternehmensweit implementiert, um unstrukturierte Daten mit unternehmensgerechter Sicherheit zu nutzen.

Box AI zielt darauf ab, die Kraft von generativer KI innerhalb der Box-Plattform zu nutzen, sodass Unternehmen aus unstrukturierten Daten, die 90% der Unternehmensinformationen ausmachen, Wert schöpfen können. Der Dienst bietet Funktionen wie Frage-Antwort-Systeme und Zusammenfassungsfunktionen, mit Plänen, Box AI für Hubs und weitere flexible Workflow-Automatisierungsfunktionen noch in diesem Jahr einzuführen.

Positive
  • Box AI for Documents and Notes now offers unlimited queries for Enterprise Plus customers
  • Rapid adoption of Box AI by major Japanese companies like Asahi Group, The Norinchukin Bank, and Hitachi High-Tech
  • Box AI leverages generative AI to extract value from unstructured data, which accounts for 90% of corporate information
  • Plans to introduce Box AI for Hubs and more flexible workflow automation features later this year
Negative
  • None.

Insights

Box's AI implementation in Japan marks a significant shift in enterprise data management. The removal of user query limits for Enterprise Plus customers is a strategic move to accelerate adoption. This unlimited access could drive increased usage and dependency on Box's platform, potentially boosting subscription renewals and upsells.

The focus on leveraging unstructured data, which comprises 90% of corporate information, addresses a critical need in the market. By integrating generative AI directly within their content repository, Box is positioning itself as a central hub for enterprise knowledge management. This could lead to increased customer retention and potentially higher average revenue per user.

The adoption of Box AI by major Japanese corporations like Asahi Group, The Norinchukin Bank and Hitachi High-Tech signals strong market acceptance in a key Asian market. This could pave the way for broader regional expansion. The emphasis on enterprise-grade security and governance is likely to resonate well in Japan's security-conscious business environment.

Box's platform-neutral approach, integrating with Microsoft's Azure OpenAI and Google Cloud's Vertex AI, demonstrates flexibility and future-proofing. This strategy could appeal to enterprises wary of vendor lock-in, potentially expanding Box's addressable market. The planned release of Box AI for Hubs and enhanced workflow automation features suggests a robust product roadmap, which could drive future growth and competitiveness.

Asahi Group, The Norinchukin Bank, and Hitachi High-Tech Begin Company-Wide Deployment of Box AI to leverage Unstructured Data

TOKYO--(BUSINESS WIRE)-- Box, Inc. (NYSE:BOX), the Intelligent Content Cloud, today announced that Box AI for Documents and Notes is available with unlimited queries for Enterprise Plus customers and is rapidly growing in Japan. Asahi Group Japan, The Norinchukin Bank, and Hitachi High-Tech Corporation rolled out Box AI company-wide and are working to maximize the value of unstructured data, which accounts for 90% of corporate data, by using generative AI within Box with enterprise-grade security.

“With recent advances in generative AI technology, it is now possible to leverage unstructured data across the enterprise in ways that were not possible before,” said Katsunori Furuichi, President and Representative of Box Japan. “Box launched general availability of Box AI to Enterprise Plus customers in March of this year. Box AI is of great interest to our customers for its enterprise grade security and governance, as well as the convenience of using generative AI directly within Box, the repository of enterprise content. As announced on June 27th, 2024, the user query limit has been removed, making it even easier for customers to use Box AI. Later this year, we aim to provide Box AI for Hubs to the public and implement more flexible workflow automation features to create a world where unstructured data, which until now has remained the knowledge of individuals, can be leveraged as the knowledge of organizations.”

“Asahi Group Japan has introduced Box as a common platform for the entire company to enhance data management and consolidate unstructured data,” said Tomokazu Yamakawa, Executive Officer of Digital Transformation, Asahi Group Japan. “We believe that Box AI will be a service that allows companies to utilize the power of generative AI in a secure way, as it can perform question-and-answer and summary functions under the high security and access privileges already provided by Box. With the release of the unlimited user queries, we expect that the company-wide rollout will be accelerated, leading to further utilization of internal data and fostering a culture in which generative AI is used on a daily basis.”

“The Norinchukin Bank is working to centralize its content on Box with the aim of consolidating the vast amount of data scattered across various systems within the bank,” said Yuji Hanba, Director and Managing Executive Officer, Chief Information Officer, The Norinchukin Bank. “We believe that Box AI has low barriers to adoption in that it can leverage content already stored in Box, and also allows unlimited use of the generative AI features within an existing plan. In addition, the Bank is currently using the beta version of the Box AI API, and has been able to quickly integrate Box AI functionality into its independently developed regulation browsing system at an early stage. Until now, a huge amount of time has been spent searching for information in files and pages, but Box AI will enable us to extract appropriate information from multiple files, and we expect to greatly reduce the amount of labor required to search for and check information on regulated documents.”

“Hitachi High-Tech introduced Box in 2018 and currently has more than 14,000 users globally utilizing over 900 million files of content,” said Yuji Kanenari, General Manager of Cross Domain Platform Division at the Digital Transformation Business Group, Hitachi High-Tech Corporation. “From July 2024, we started to deploy Box AI to our users as a standard AI tool to further improve productivity, including secure AI summarization of highly confidential technical documents in our possession and more efficient production of documents generated in our daily business operations. In the future, we will utilize Box AI for Hubs to promote the efficient and speedy use of knowledge within a large volume of content using AI.”

Box AI Powers Intelligent Content Management

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. Guided by its AI Principles, Box has built Box AI on the company’s platform-neutral framework, designed to connect with today’s most powerful large language models, including Microsoft’s Azure OpenAI Service and Google Cloud’s Vertex AI - with more model integrations to come.

Box will continue to evolve its powerful and scalable capabilities to maximize the value of enterprise content and help organizations transform the way they work.

About Box

Box (NYSE:BOX) is the Intelligent Content Cloud, a single platform that enables organizations to fuel collaboration, manage the entire content lifecycle, secure critical content, and transform business workflows with enterprise AI. 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.

Misato Saho

E-mail: press@box.com

Source: Box, Inc.

FAQ

What is Box AI and how does it benefit Enterprise Plus customers?

Box AI is a service that leverages generative AI within the Box platform, allowing companies to extract value from unstructured data. Enterprise Plus customers now benefit from unlimited queries for Box AI for Documents and Notes, enabling more extensive use of AI-powered features like summarization and question-answering.

Which major Japanese companies have adopted Box AI?

Asahi Group Japan, The Norinchukin Bank, and Hitachi High-Tech have implemented Box AI company-wide to leverage unstructured data with enterprise-grade security.

What new features are planned for Box AI in the future?

Box plans to introduce Box AI for Hubs and more flexible workflow automation features later this year, further enhancing the platform's capabilities in leveraging unstructured data and organizational knowledge.

How does Box AI address security concerns for enterprise customers?

Box AI is built with enterprise-grade security, allowing companies to utilize generative AI capabilities within the secure Box environment where they already store and manage their content.

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