Market Overview

Redbooth Delivers Artificial-Intelligence-Based Predictive Task Management Capabilities

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Machine-Learning Powers Breakthroughs in Task and Project Management
with "Smart Redbooth"

Redbooth, a leader in online task and project management software, today
delivered the first project management solution that incorporates
market-ready, practical, artificial-intelligence-powered capabilities.
The company's new Smart Redbooth machine learning technology powers
predictive task assignment and task scheduling, enabling users to
maximize project resources with maximum efficiency. Smart Redbooth
technology is built into the latest Redbooth product release.

"In the fast-paced environments that our customers work in, they need to
do more with less. Organizing your work and being efficient are the keys
to increasing productivity," said Ryan Crosbie, director of product for
Redbooth. "Our Smart Redbooth technology provides predictive
capabilities that help customers accurately assign task owners, complete
projects on time, and reduce busywork."

The Redbooth platform has been used by over 600,000 teams to work on
more than 1.8 million projects. Utilizing machine-learning algorithms,
Redbooth analyzed the accumulated store of task and project data to find
patterns and commonalities that reduce or eliminate unnecessary or
duplicated effort. Smart Redbooth can now predict the appropriate
resources to assign to a task and estimate the approximate date on which
tasks should be completed.

The latest version of the Redbooth solution also features a number of
other enhancements, including:

  • Workspace Redesign: The redesigned workspace organizes
    information to better match the way people work, enabling them to see
    project and task data at a glance.
  • Task Detail Enhancements: Enhancements to task detail
    information allow users not only to prioritize and categorize tasks
    using almost any criteria but also to search and sort tasks to see
    task status immediately.
  • Workspace Activity Feed: The Activity Feed, a collapsible
    panel, allows users to see activity that has occurred in the
    workspace, such as who has been invited to join the team and what
    tasks have been created or completed. Workspace members can also send
    and receive instant messages in the feed, which is more efficient and
    appropriate than email for quick questions and answers.

Accelerating Customer Traction

Redbooth also reports that since its merger last September with
collaboration software provider AeroFS, the company has seen three of
the four highest signup months in company history, and the highest month
in company history for new paying customers. Redbooth has also achieved
a 30% reduction in churn during that time.

Smart Redbooth and other enhancements to the Redbooth platform are
immediately available to users at https://redbooth.com.

About Redbooth

Redbooth is a task and project management platform that provides a
single place for team collaboration – tasks, conversations, and file
sharing. Redbooth is simple and flexible to use, enabling project teams
and departments at thousands of companies to get work done. Founded in
2008, the company is privately held and headquartered in Palo Alto,
California.

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