Microstrategy is a business intelligence software that allows reporting and analysis of data stored in relational databases, multidimensional databases, or flat files. It includes various components like the Intelligence Server for report serving, the Web Universal interface for interactive reports in a web browser, and the Narrowcast Server for automated delivery of business information to users. Microstrategy uses technologies like Java/J2EE and supports features such as real-time dashboards, detailed reports, and data analysis.