The document discusses new features in Microsoft SQL Server 2012 Analysis Services and PowerPivot. It introduces the new BI Semantic Model, which provides a single model for creating BI solutions. This model can be built in multiple ways and supports personal, team, and corporate BI contexts. It offers flexibility, richness through capabilities like hierarchies and calculations, and scalability through its in-memory and multi-dimensional technologies. The document outlines the benefits and scenarios for the BI Semantic Model and how it can be used alongside existing Analysis Services applications.