The software giant Microsoft (MSFT 0.46%) is in the midst of the most monumental shift to its business in at least a generation, as it attempts to port its cash-cow software businesses into the mobile future. The results -- so far -- haven't exactly been inspiring. Its Surface tablet has failed to impress consumers, and Windows phone adoption remains tepid at best. To make matters worse, Apple and Google have both continued taking share in the burgeoning tablet and smartphone markets.

Investors will get their chance to put Microsoft and its leadership under the microscope today, as the company prepares to host its first analyst day with the financial community in years. In the video below, Fool contributor Andrew Tonner highlights three areas investors need to watch for at Microsoft's analyst day.