A method comprising: accessing multicomponent induction MCI measurement data indicative of resistivity measurements captured by a measurement tool in a borehole extending through a subsurface formation; in an automated procedure using one or more computer processors, calculating inverted biaxial anisotropy BA parameters by performing an iterative BA inversion operation based on the MCI measurement data using a BA formation model that represents simulated formation resistivity characteristics that account for transverse biaxial formation anisotropy to resistivity; characterized in that the method further comprises calculating inverted transverse isotropy TI parameters by performing an iterative transverse isotopy TI inversion operation based on the MCI measurement data using a TI formation model that represents simulated formation resistivity characteristics that account for transverse formation isotropy to resistivity; and performing automated fracture analysis to identify one or more formation fracture properties of the subsurface formation based at least in part on one or more of the inverted BA parameters, wherein the automated fracture analysis comprises identifying presence of a fracture in the formation by calculating a value of an identification function based on at least some formation parameters calculated based on the MCI measurement data, the identification function being variable as a function both of a particular one of the inverted BA parameters and a particular one of the inverted TI parameters; and operating a controlled device based at least in part on one or more of the inverted BA parameters. accessing multicomponent induction MCI measurement data indicative of resistivity measurements captured by a measurement tool in a borehole extending through a subsurface formation; in an automated procedure using one or more computer processors, calculating inverted biaxial anisotropy BA parameters by performing an iterative BA inversion operation based on the MCI measurement data using a BA formation model that represents simulated formation resistivity characteristics that account for transverse biaxial formation anisotropy to resistivity; characterized in that the method further comprises calculating inverted transverse isotropy TI parameters by performing an iterative transverse isotopy TI inversion operation based on the MCI measurement data using a TI formation model that represents simulated formation resistivity characteristics that account for transverse formation isotropy to resistivity; and performing automated fracture analysis to identify one or more formation fracture properties of the subsurface formation based at least in part on one or more of the inverted BA parameters, wherein the automated fracture analysis comprises identifying presence of a fracture in the formation by calculating a value of an identification function based on at least some formation parameters calculated based on the MCI measurement data, the identification function being variable as a function both of a particular one of the inverted BA parameters and a particular one of the inverted TI parameters; and operating a controlled device based at least in part on one or more of the inverted BA parameters.