diff --git a/build.gradle b/build.gradle
index 30c7a9a52a..9e2c1c6b6d 100644
--- a/build.gradle
+++ b/build.gradle
@@ -148,3 +148,22 @@ configurations.all {
     resolutionStrategy.force 'commons-codec:commons-codec:1.13'
     resolutionStrategy.force 'com.google.guava:guava:31.0.1-jre'
 }
+
+// updateVersion: Task to auto increment to the next development iteration
+task updateVersion {
+    onlyIf { System.getProperty('newVersion') }
+    doLast {
+        ext.newVersion = System.getProperty('newVersion')
+        println "Setting version to ${newVersion}."
+        // String tokenization to support -SNAPSHOT
+        ant.replaceregexp(file:'.github/workflows/sql-workbench-test-and-build-workflow.yml', match:'OPENSEARCH_PLUGIN_VERSION: \\d+.\\d+.\\d+.\\d+', replace:'OPENSEARCH_PLUGIN_VERSION: ' + newVersion.tokenize('-')[0] + '.0', flags:'g', byline:true)
+        ant.replaceregexp(file:'build.gradle', match: '"opensearch.version", "\\d.*"', replace: '"opensearch.version", "' + newVersion.tokenize('-')[0] + '-SNAPSHOT"', flags:'g', byline:true)
+        ant.replaceregexp(match:'"version": "\\d+.\\d+.\\d+.\\d+', replace:'"version": ' + '"' + newVersion.tokenize('-')[0] + '.0', flags:'g', byline:true) {
+            fileset(dir: projectDir) {
+                include(name: "workbench/package.json")
+                include(name: "workbench/opensearch_dashboards.json")
+            }
+        }
+        ant.replaceregexp(file:'workbench/opensearch_dashboards.json', match:'"opensearchDashboardsVersion": "\\d+.\\d+.\\d+', replace:'"opensearchDashboardsVersion": ' + '"' + newVersion.tokenize('-')[0], flags:'g', byline:true)
+    }
+}