MicroStrategy Releases Auto, the Customizable AI Bot That Makes Enterprise Analytics Accessible to Anyone, Building on MicroStrategy AI

Rhea-AI Summary

MicroStrategy introduces MicroStrategy Auto, an AI bot that simplifies business intelligence delivery by offering natural language interaction, enabling users to access insights without complex dashboards. The customizable bot enhances productivity for data consumers and creators, making analytics accessible to all skill levels.

Insights

Market Research Analyst

The introduction of MicroStrategy AutoTM represents a significant shift in the business intelligence landscape. From a market research perspective, the ability to query AI-powered insights using natural language simplifies data interaction, potentially expanding the user base to include individuals with minimal technical expertise. This democratization of data could lead to a broader adoption of MicroStrategy's products, potentially increasing market share and revenue.

Moreover, the embedded nature of Auto AI Bot within third-party applications suggests strategic partnerships that could enhance MicroStrategy's distribution channels. The focus on customization and the generative AI foundation indicates an alignment with current industry trends towards personalized and agile solutions. If successfully adopted, this could translate into a competitive advantage and possibly affect the company's stock valuation positively.

Technology Analyst

MicroStrategy's Auto AI Bot leverages generative AI, a cutting-edge technology that has seen a surge in interest and application across industries. The integration of generative AI into business intelligence tools could redefine the standards for user interaction with data analytics platforms. By eliminating the need for complex dashboards and enabling natural language processing, MicroStrategy is addressing a common pain point in data analytics: accessibility and ease of use.

The technological implications of such an innovation are substantial. It can reduce the time-to-insight for decision-makers and potentially improve the quality of decisions by providing more nuanced and contextually relevant data. This could result in increased productivity for both data consumers and creators, thereby impacting operational efficiency within organizations that adopt MicroStrategy's AI solutions.

Financial Analyst

The release of MicroStrategy AutoTM can be seen as a strategic investment in product development that may affect the company's financials. By simplifying the user experience and reducing the reliance on specialized data analysts, MicroStrategy could see a reduction in customer churn and an increase in customer satisfaction, leading to stronger recurring revenue streams from their subscription-based services.

However, the costs associated with the development and continuous improvement of AI technologies must be considered. The company's financial statements should be monitored for research and development expenses and their correlation with revenue growth. The long-term financial impact will depend on the product's market penetration and the ability to monetize the new features effectively without cannibalizing existing revenue sources.

MicroStrategy ONE ^TM Users can ask for AI-powered insights in natural language without relying on a dashboard, making it simple to incorporate business intelligence into every business decision

TYSONS CORNER, Va.--(BUSINESS WIRE)-- MicroStrategy® Incorporated (Nasdaq: MSTR), a pioneer in AI-powered business intelligence, today announced the release of MicroStrategy Auto^TM, the customizable AI bot that offers a faster, simpler way to deliver business intelligence to anyone in an organization. Auto is the latest enhancement to MicroStrategy AI^TM, released in October 2023, a first-to-market solution for rapidly building AI applications on trusted data.

Auto AI Bot – Analytics for Everyone

Lightweight and embeddable, Auto can be deployed as a stand-alone app in the MicroStrategy ONE library or embedded into third-party applications. It also offers complete customization to tailor its appearance, language style, and level of detail. And because it’s powered by generative AI, users can interact with the bot using natural language.

As a result, Auto removes barriers to fast, effective decision-making by making applications smarter and putting enterprise analytics in the hands of users no matter what skill level or application they’re using. There’s no need to use a complex dashboard to get insights, and users can ask for information in ordinary language, making it effortless to incorporate business intelligence into business decision-making.

Auto dramatically increases productivity and effectiveness for data consumers and data creators alike. For example, sales representatives in the field can quickly access detailed analytics on customer production volume or product failure rates with a single question to Auto during client negotiations. For data analysts, Auto eliminates many ad-hoc requests for report or dashboard enhancements by making end users more self-sufficient. With backlog reduced, data analysts can spend more time on projects that add strategic value to the organization.

“We think using MicroStrategy AI will unlock huge value by providing a variety of users with deeper insights that previously required more clicks and more granularity to understand; it’s powerful for user self-service,” said Nena Pidskalny, Director of Supply Chain Strategy and Planning for Federated Co-operatives Limited.

Building on a Solid Generative AI Foundation

MicroStrategy AI includes preconfigured applications of Auto for specific uses, such as Auto SQL for automating SQL generation, Auto Dashboard for dynamically building dashboards from conversational queries, and Auto Answers for streamlining support queries within MicroStrategy ONE. MicroStrategy AI makes it easy for any user, regardless of analytic skill level, to interact with data using natural language.

“Our modern cloud architecture, proven semantic graph, and robust APIs gave us the agility to lead the market with a solution that combines the latest generative AI with trusted BI,” said Saurabh Abhyankar, Chief Product Officer at MicroStrategy. “And now, with Auto added to MicroStrategy AI, we’re enabling customers to build and deploy custom AI bots in minutes. But this is just the beginning. We have dozens of new features underway for MicroStrategy AI that will help every organization capitalize on our vision for Intelligence Everywhere.”

About MicroStrategy Incorporated

MicroStrategy (Nasdaq: MSTR) considers itself the world’s first Bitcoin development company. The MicroStrategy software business develops and provides industry-leading AI-powered enterprise analytics software that promotes our vision of Intelligence Everywhere^TM. Our flagship cloud-native platform, MicroStrategy ONE, is trusted by the most admired brands in the Fortune Global 500 to drive business agility, efficiency, and revenue. We also use our software development capabilities to develop Bitcoin applications. We believe the combination of our operating structure, bitcoin strategy and focus on technology innovation provides a unique opportunity for value creation.

MicroStrategy, MicroStrategy AI, MicroStrategy Auto, MicroStrategy ONE, and Intelligence Everywhere are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

For more information, please visit MicroStrategy Marketplace listing or contact MicroStrategy.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240326000411/en/

MicroStrategy Incorporated

Barbara Dorf

Vice President, Brand and Buzz

bdorf@microstrategy.com

Source: MicroStrategy Incorporated

FAQ

What is the latest enhancement released by MicroStrategy in October 2023?

The latest enhancement released by MicroStrategy in October 2023 is MicroStrategy Auto, a customizable AI bot.

How can Auto AI Bot be deployed?

Auto AI Bot can be deployed as a stand-alone app in the MicroStrategy ONE library or embedded into third-party applications.

What does Auto AI Bot offer in terms of customization?

Auto AI Bot offers complete customization in terms of appearance, language style, and level of detail.

How does Auto AI Bot enable fast and effective decision-making?

Auto AI Bot enables fast and effective decision-making by allowing users to interact with natural language and eliminating the need for complex dashboards.

What are some benefits of using MicroStrategy AI for data analysts?

Some benefits of using MicroStrategy AI for data analysts include reducing ad-hoc requests for report enhancements and allowing more time for strategic projects.