MicroStrategy Recognized as A Leader in Snowflake’s Modern Marketing Data Stack Report

Rhea-AI Summary

MicroStrategy recognized as a leader in Snowflake's Modern Marketing Data Stack report

Positive

• MicroStrategy empowers joint customers with its AI/BI platform to probe large datasets and unlock valuable insights
• MicroStrategy's platform turns data into a catalyst for efficiency and growth

Negative

• None.

MicroStrategy enables joint customers to build AI/BI solutions on Snowflake’s Data Cloud utilizing the latest MicroStrategy AI/BI platform to drive insights and productivity

TYSONS CORNER, VA.--(BUSINESS WIRE)-- MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy” or the “Company”), the largest independent publicly-traded analytics and business intelligence company, today announced that it has been recognized as a leader in the Modern Marketing Data Stack 2023: How Data-Forward Marketers Are Redefining Strategies to Unify, Analyze, and Activate Data to Boost Revenue, executed and launched by Snowflake, the Data Cloud company.

Snowflake’s data-backed report identifies the best of breed solutions used by Snowflake customers to show how marketers can leverage the Snowflake Data Cloud with accompanying partner solutions to best identify, serve, and convert valuable prospects into loyal customers. By analyzing usage patterns from a pool of approximately 8,100 customers as of April 2023, Snowflake identified ten technology categories that organizations consider when building their marketing data stacks. The extensive research reflects how customers are adopting solutions from a rapidly changing ecosystem and highlights the convergence of adtech and martech, the increased importance of privacy enhancing technologies, and the heightened focus marketers have on measurement to maximize campaign ROI. The ten categories include:

• Analytics & Data Capture
• Enrichment
• Identity & Activation
  • Identity & Onboarders
  • Customer Data Activation
  • Advertising Platforms
• Measurement & Attribution
• Integration & Modeling
• Business Intelligence
• AI & Machine Learning
• Privacy Enhancing Technologies

Focusing on those companies that are active members of the Snowflake Partner Network (or ones with a comparable agreement in place with Snowflake), as well as Snowflake Marketplace providers, the report explores each of these categories that comprise the Modern Marketing Data Stack, highlighting technology partners and their solutions as “leaders” or “ones to watch” within each category. The report also details how current Snowflake customers leverage a number of these partner technologies to enable data-driven marketing strategies and informed business decisions. Snowflake’s report provides a concrete overview of the partner solution providers and data providers marketers choose to create their data stacks.

“Marketing professionals are seeing the value of operating with the full breadth of their data, thanks to the Snowflake Data Cloud,” said Denise Persson, Chief Marketing Officer at Snowflake. “MicroStrategy has been recognized as a leader in the Business Intelligence category, empowering joint customers with its AI/BI Platform to probe large and intricate datasets, unlocking valuable insights and sharing actionable intelligence across various organizational sectors.”

Through its AI/BI platform, MicroStrategy does more than analyze – it interprets, deciphers, and illuminates customer interaction, areas for improvement, and emerging trends for customers. The result is actionable insights delivered without complexity. MicroStrategy’s platform is not merely a technical achievement, it turns data into a catalyst for efficiency and growth, making strategic decision-making not a task, but a success.

“We’re very proud that Snowflake has identified MicroStrategy as a leader in Snowflake’s 2023 Modern Marketing Data Stack report,” Mel Zeledon, Executive Vice President of Channels and Alliances at MicroStrategy said. “Our organization makes the customer journey to data-driven marketing a priority with a user-friendly interface and robust functionality. The AI/BI platform empowers users to explore data, create interactive dashboards and reports, and perform sophisticated analyses with natural language questions without extensive technical expertise. We look forward to continuing to encourage our customers to build their marketing data stacks on Snowflake’s Data Cloud—a powerful, flexible, and fully managed cloud data platform for all their data regardless of the source.”

Click here to read The Modern Marketing Data Stack 2023: How Data-Forward Marketers Are Redefining Strategies to Unify, Analyze, and Activate Data to Boost Revenue.

About MicroStrategy Incorporated

MicroStrategy (Nasdaq: MSTR) is the largest independent publicly traded analytics and business intelligence company. The MicroStrategy analytics platform is consistently rated as the best in enterprise analytics and is used by many of the world’s most admired brands in the Fortune Global 500. We pursue two corporate strategies: (1) grow our enterprise analytics software business to promote our vision of Intelligence Everywhere and (2) acquire and hold bitcoin, which we view as a dependable store of value supported by a robust, public, open-source architecture untethered to sovereign monetary policy.

MicroStrategy is a registered trademark of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230914114671/en/

MicroStrategy Incorporated

Hugh Owen

Executive Vice President & Chief Marketing Officer

howen@microstrategy.com

Source: MicroStrategy Incorporated