Box(US:BOX) Bloomberg Technologyยท2025-09-11 21:06AI & Unstructured Data Management - Box is focused on helping companies manage their unstructured data, which accounts for approximately 90% of enterprise data, including financial documents, contracts, and research materials [2] - The company is introducing new capabilities with agents to enable users to tap into unstructured data and automate workflows [3] - Box is launching a new workflow automation capability called Box Automate, allowing users to design end-to-end business processes and integrate agents at various steps [3] - These capabilities can be applied to various industries, such as client onboarding in banking, contract review in law firms, and healthcare data management [4] Competitive Advantage & Market Position - Box's approach of integrating AI into existing data and security infrastructure leads to higher success rates compared to companies building their own AI technology [6][7] - The company emphasizes adapting to the changing software landscape and continuously innovating to maintain its market position [11][12][13] Revenue & Growth Strategy - Box introduced a new plan called Enterprise Advanced, which includes advanced AI capabilities and workflow automation, driving revenue growth [9] - The Enterprise Advanced plan is designed to facilitate customer upgrades and seamless adoption of advanced capabilities [9] - The company's recent financial performance, exceeding guidance and consensus, is attributed to the momentum of Enterprise Advanced [10] - Box is a $1 billion revenue per year company [8]