For years, Redwood City, Calif.-based Box has steadily built on its roots as a simple file sharing and storage app to deliver agile and relatively light-weight enterprise content management services. to some alternatives. This week marked the latest step in that direction with the unveiling of Box Canvas, a visual collaboration and whiteboard tool natively integrated into Box Content Cloud.
The launch comes shortly after announcing the company’s Security Shield upgrade in March, which introduced AI, automated malware detection and more granular controls to the company’s security offering. the company.
The market for visual collaboration tools has boomed during the pandemic, with Research Nester estimating the market to reach $1.67 billion by 2028. In a blog post related to the announcement, Burke Culligan, Vice President of products, Box Apps quoted 451 Research to explain the growth in popularity: “Visual collaboration tools can provide more flexible digital environments that allow users to think creatively [and] a more enjoyable work experience for some who find traditional work tools frustrating…”
The Box Content Cloud already enables employees to securely collaborate on content, internally and externally, with customers and partners. With Canvas, they will be able to:
- Invite colleagues and external collaborators to an unlimited number of canvases.
- Choose from 40 free templates to get started faster.
- Alert employees in real time of changes.
- Work on freeform drawings and text, and present data through diagrams, wireframes, and process flows using visuals like shapes and connectors.
- Host meetings and workshops with timer tools and the ability to create presentable slides right from Canvas.
Box Canvas is expected to be generally available in Fall 2022, with additional features rolling out thereafter. It will be included in all Box plans and all users will have access to unlimited Canvas at no additional cost.
The “no charge” element is important and seems to be an integral part of Box’s business development strategy. Security add-ons, for example, were added at no cost to the customer. It also added digital signatures last year, a major addition given that users previously had to sign up for a third-party integration like DocuSign or Adobe.
Similarly, with whiteboards, users would have had to sign up for third-party integrations and then manage the resulting choices of where assets were stored. With Box Canvas, assets stay in the Content Cloud’s secure environment at no additional cost.
While many of the larger co-working space providers offer similar functionality, they do so at a price. Box could gain traction with the move, especially in the civil service and other sensitive sectors.
The great resignation continues
The debate over whether or not to return to the physical workplace has intensified in recent weeks as major companies from Google to Wall Street called employees back to central office. The impact of such a return on productivity and employee engagement is one of the constant concerns.
A recent PwC report noted that employees’ constant demands for flexibility are one of the main reasons companies are rethinking how and where to work. Nearly half (44%) of employees say they want to work remotely three or more days a week after the pandemic. And there are no shortage of stories of people willing to quit their jobs to retain that flexibility rather than return to the office.
In fact, six months ago Adobe looked at the big quit and found that more than one in three employees planned to quit. Adobe recently updated its research to show where workers went or why they chose to stay at their current job.
The Future of Time report surveyed 1,400 managers and employees of large companies and small and medium-sized enterprises (SMEs) to find out the effects of the big quit. Some of the findings include:
- One in five business owners (21%) applied for a new job, 26% received a new job offer and 6% started a new job.
- Slightly fewer corporate employees (18%) applied for a new job, 17% received a new job offer and 9% started a new job.
- Those who left their job turned to a new industry (42%), started their own business (16%) or became self-employed (10%).
- Among the top reasons for changing jobs, employees cited a pay rise (93%), opportunities to learn new skills (90%), access to better benefits (88%) and growth opportunities (87%) as key elements. the motivators.
For those who have failed to push digital transformation strategies, the future looks uncertain. He showed that:
- One in three managers and employees who have not resigned or applied for a new job in the past six months plan to seek one next year.
- One in two Gen Z respondents plan to look for a job in the next year and one in four in the next six months.
- One in two employees are more likely to quit their job due to unequal access to modern digital tools, and 65% say lack of access has led to increased burnout.
Employees who decided to stay cited the following reasons:
- Good recognition from the company (managers: 37%; employees: 31%)
- Wage increases (managers: 29%; employees: 26%)
- In-person and remote flexibility (managers: 26%; employees: 24%)
- Better listening (managers: 36%; employees: 24%)
- Flexibility of hours and schedules (managers: 25%; employees: 23%)
The overview of the report was as follows: 40% of business leaders and 25% of SME managers have seen their resignations increase in the last six months, with those working in SMEs more likely to leave than those who work in large companies. As the pressure to return to a central office intensifies, we will continue to seek the fallout.
Frame.io emerges after Adobe purchase
Also from Adobe this week, the company remained silent on its plans after the August 2021 purchase of online video collaboration platform Frame.io for $1.27 billion. This week, he broke his silence with the availability of Frame.io for Creative Cloud customers.
Creative Cloud customers can now use Frame.io to manage review and approval cycles in video creation workflows using Premiere Pro and After Effects video editing products.
“This is the first step towards creating a powerful cloud-based platform for the future of video creation,” said Steve Warner, vice president of digital video and audio. Adobe, in a company statement.
Starting today, as part of the existing Creative Cloud package, Adobe customers using the latest versions of Premiere Pro and After Effects will have access to the Frame.io extension as part of their existing subscription.
Frame.io for Creative Cloud will include free sharing with unlimited external reviewers, accelerated file transfers, and 100 GB of dedicated Frame.io storage, which will be separate from the existing Creative Cloud storage plan.
Panopto enables search of video content in Teams
Sticking to video, Seattle-based Panopto, which develops video management systems for higher education and enterprises, announced deeper integration of Panopto with Microsoft Teams. The integration allows Teams users to search, play, share and manage Panopto videos from Teams.
Search integration extends beyond Teams into the broader Microsoft 365 apps portfolio through Microsoft Graph. The resulting federated search means that a search for a specific word will return whenever the term is mentioned or displayed in a Panopto video, as well as documents, spreadsheets and other related results.
This feature follows the integration of Panopto Teams in September 2021, which allowed video and meeting recordings made with Teams to be securely and automatically transferred to Panopto’s on-demand video library.
These movements underline Microsoft’s position on content produced on video, or collaborative meetings such as conferences. In a recent interview with the Harvard Business Review, Microsoft CEO Satya Nadella explained that the company believes every meeting should be indexed and searchable by topic and speaker the same way documents can be searched.
“I think digitizing all communications and work and turning them into first-class artifacts, I think that’s going to be a phenomenal difference going forward,” he told HBR. This has been a constant theme with Microsoft since the launch of Office 365 and this integration is just the latest iteration of this principle.
Mesh raises $11 million
Finally this week, Mesh, a San Jose, Calif.-based employee performance management startup, announced that it had raised $11 million in Series A, led by RTP Global.
The funding round comes less than a year after its $5.1 million seed round, bringing the total funds raised to $16.1 million. The company said it will use the new capital primarily to build a global team for future expansion into the US and APAC markets.
Mesh is a social performance management platform to help managers and employees manage goals and OKRs, share ongoing feedback, organize one-on-one meetings, and conduct eNPS surveys. The platform offers integrations with Gmail, Slack, and more recently, Microsoft Teams.