New Relic has introduced several parsing and transformation functions for its Query Language (NRQL) to help users easily extract data from unstructured sources. These functions include `jparse()` for parsing JSON, `toTimestamp()` and `toDatetime()` for converting timestamps, `cidrAddress()` for mapping IP addresses, `encode()` and `decode()` for Base64 encoding and decoding, and `convert()` for converting units of measurement. These new functions aim to simplify data analysis by providing a more straightforward way to work with various data formats, making it easier to build dashboards and alerts, regardless of the original structure of the data.