Snowflake Unveils Your Data Exchange Potential


Data is at the core of every business irrespective of the field of activity it is engaged in. Business success depends on how effectively it uses its multiple kinds and copious amounts of data to interact with each individual constituent from employees and customers to vendors, business associates, influencers etc. Sharing and exchanging data efficiently at minimum cost is absolutely critical to your path to competitive advantage.

Snowflake is a globally recognised expert across industries, small, medium and large in establishing data exchange and managing complex data sharing in a governed and secure way with minimal risk, cost, headache and delay that have plagued traditional methods. Thus your organisation will have the most modern data sharing ability to easily and quickly forge one-to-one, one-to-many, and many-to-many relationships to share data in new and imaginative ways reducing time to a level never before possible.

Snowflake Data Exchange and Data Sharing

Data exchange is the process of sending and receiving data in a manner that the information, content or meaning assigned to the data is not altered during the transmission.

The Snowflake Data Exchange is a free-to-join marketplace enabling Snowflake customers to connect with data from providers to seamlessly discover, access and generate insights. Now, you can make the data available to all or specific customers without creating multiple copies of the data.

You can use Data Exchange to provide and consume shared data and data services to:

  • Create market opportunities: Tap new revenue streams by charging data consumers for secure and governed access to read-only versions of your data sets.

  • Improve security and data access: Minimise the risk and cost associated with copying data by opening secure, real-time connections to read-only data sets.

  • Improve the customer experience: Give customers a fast, secure, and cost-effective way to access data and data services, increasing consumption and improving satisfaction for your data subscribers.

Data sharing is the ability to share the same data with multiple applications or users whether stored in one or multiple servers in the network. Here are just a few of the new business opportunities modern cloud data sharing makes possible:

  • Data sharing to eliminate data silos: Develop a single source of truth for all your internal data and share it among thousands of data consumers across hundreds of business units within a single organisation.

  • Data sharing for business efficiencies: Share live data with your business partners to optimise costs, streamline operations, and provide superior customer service.

  • Data sharing as a product: Provide live and direct access to slices of your data as a monetised service so your data consumers can enrich their own existing data.

  • Data sharing as a product differentiator: Software-as-a-Service (SaaS) providers can offer direct access to petabytes of data generated from their business-to-business (B2B) subscribers’ activity. Those subscribers can then perform deeper analysis on more of their data — analysis previously unavailable to them.

Capitalising on these opportunities requires data sharing capabilities with uncommon speed, power, security, governance, and simplicity. These capabilities are not available with traditional data sharing methods. Snowflake’s unique offering makes it possible. No one manages this process as effectively at a lower cost than Snowflake.

The Snowflake Advantage

Snowflake’s cloud data platform enables organisations to easily establish their own data exchange for their business ecosystems where data is discoverable, accessible and secure. This delivers seamless data collaboration, reduces costs and reveals new business insights.

Snowflake helps reduce costs by replacing traditional data sharing methods and eliminate the need for copying, transforming and moving data. We provide for direct access to data that remain in place.

Snowflake unlocks new business insights by enabling enterprises to access live, granular data from across your organisation and your business ecosystem, so you can acquire more and deeper insights. This ability is not available with other traditional data analytics.

Thirdly, Snowflake tangibly helps strengthen business relationships by providing customers and business partners secure access to governed data via your data exchange to improve data collaboration across your business ecosystem.

Proof of the Pudding is in the Sharing:

At Snowflake we are the best at what we do. Don’t take our word for it. Here are two testimonials that may help you believe.

With 2019 revenues of over $51 Billion, Cisco is the worldwide leader in networking and a valued Snowflake client. Anupama Rao, Cisco’s Senior Manager Data & Analytics says: “We were exchanging files via SFTP with supply chain partners on a weekly basis. With Snowflake, we are now able to share data in a single day, providing real time information that impacts our production and quality of our products and greatly improves our supply chain efficiency.”

The State of California’s Covid-19 Data is available to the public via Snowflake Data Marketplace. “The State of California’s response to the Covid-19 emergency has been enhanced greatly by the ability to share, collaborate and communicate data and information in new ways that are meaningful to health professionals and allied support entities during this crisis,” said Scott Gregory, Chief Technology Innovation Officer, Office of Enterprise Technology / California Department of Technology.

Snowflake: Our Mission

Data Without Limits. With 26 office locations across 13 countries providing customised service to thousands of businesses of all sizes and industries, Snowflake’s mission is to enable every organisation to be data-driven. Our cloud-built data platform makes that possible by delivering instant elasticity; secure data sharing and per-second pricing, across multiple clouds. Snowflake combines the power of data warehousing, the flexibility of big data platforms and the elasticity of the cloud at a fraction of the cost of traditional solutions.

Find out more at www.snowflake.com or write to india-dl@snowflake.com for more details.

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Disclaimer: This article has been produced on behalf of Snowflake by Mediawire team.

Snowflake Unveils Your Data Exchange Potential Snowflake Unveils Your Data Exchange Potential Reviewed by TechCO on 9/18/2020 Rating: 5

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