Snowflake Launches Retail Data Cloud to Enable Collaboration, Deliver Exceptional Customer Experiences, and Optimize Operations for Retailers

Rhea-AI Summary

Snowflake (NYSE: SNOW) has launched the Retail Data Cloud, uniting its data platform with industry-specific datasets. This new offering allows retailers, manufacturers, and CPG vendors to collaborate and drive innovation using their data. The platform enhances business agility by integrating data from various sources and optimizing operations through elastic performance. With over 1,000 customers, including 84.51°, Albertsons, Kraft Heinz, and Rakuten, Snowflake aims to empower businesses to deliver personalized customer experiences and streamline data governance.

Positive

• Launch of Retail Data Cloud enhances collaboration and data integration.
• Over 1,000 customers, including major retailers, utilizing the new platform.
• Offers regulatory compliance features and data governance capabilities.
• Scalable performance allows optimization during seasonal peaks.
• Pre-built solutions from partners improve time-to-value for users.

Negative

• None.

• The Retail Data Cloud breaks down data silos across the industry, enabling businesses to drive agility, deliver exceptional, personalized customer experiences, and optimize operations
• More than 1,000 Retail & CPG companies use Snowflake*, including customers like 84.51°, Albertsons, Kraft Heinz, Rakuten, and more

No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)-- Snowflake (NYSE: SNOW), the Data Cloud company, today announced the launch of the Retail Data Cloud, which unites Snowflake’s data platform, Snowflake- and partner-delivered solutions, and industry-specific datasets. The Retail Data Cloud empowers retailers, manufacturers, distributors, consumer packaged goods (CPG) vendors, and industry technology providers, to leverage their own data, access new data, and seamlessly collaborate across the retail industry. Together, Snowflake and its ecosystem of partners are able to drive business agility, deliver exceptional, personalized customer experiences, and optimize operations for businesses across the sector.

Snowflake Launches Retail Data Cloud to Enable Collaboration, Deliver Exceptional Customer Experiences, and Optimize Operations for Retailers (Graphic: Business Wire)

Retail organizations are in the midst of a global shift in how consumers, retailers, and brands interact. It is becoming increasingly difficult to source and identify the best data and insights to manage uncertainties within the industry. The acceleration of digitization and eCommerce, customer expectations, and transformation across the supply chain have increased pressure on businesses to adapt. To meet the needs of this rapidly changing environment, the industry requires a platform that can break down data silos and provide secure, governed access to data.

With Snowflake’s Retail Data Cloud, businesses can:

• Integrate all of their data virtually regardless of source, speed, or format, and operate from a single source of truth
• Enable regulatory compliance through data governance with a suite of easily managed security capabilities including data clean room functionality, auditability features like double-blind joins, restricted queries, centralized RBAC, and row/columnar level obfuscation that enable data to be shared without movement and risk of revealing PII
• Optimize operations with elastic performance, scaling up to meet the analytics needs during seasonal peaks and down to improve efficiencies and profitability
• Seamlessly share data across their ecosystem in near real-time across three major public cloud platforms
• Leverage industry-specific, pre-built solutions created by Snowflake’s network of partners, from standard data models to AI/ML-powered insights, to reduce time to value and increase the impact of their investments

Some of the largest customers in the retail and CPG industries are already using Snowflake’s Retail Data Cloud to unlock business agility and fuel innovation. Customer use cases include:

• 84.51° - The retail data science, insights and media company, leverages Snowflake to enable secure data collaboration between 84.51° and consumer packaged goods (CPG) clients, agencies and publishers to create more personalized and relevant consumer experiences. The 84.51° first-party transaction data includes 60 million Kroger loyalty card members available in the 84.51° Collaborative Cloud.
• Albertsons - The grocery retailer is leveraging the Retail Data Cloud to bring data from their more than 2,200 store locations together for a single, unified view that will help them better serve their customers.
• Kraft Heinz - The Kraft Heinz Company is a leader in digital technology, having built an advanced cloud data platform within Snowflake’s Retail Data Cloud that has allowed it to increase its pace of innovation, react faster to changes in the marketplace, and further its purpose to “make life delicious.”
• Rakuten - The electronic commerce and online retailer uses Snowflake to scale business operations in North America and to provide secure, near real-time data access to vendor and merchandising partners.

“As a global CPG company, the ability to quickly respond to changes in the marketplace has been essential to how we optimize operations during periods of uncertainty,” said Jorge Balestra, Global Head of Machine Learnings Operations at Kraft Heinz. “Snowflake’s Retail Data Cloud enables us to tie together data from numerous sources on purchase orders, inventory, and manufacturing, as well as collaborate on data in virtually real-time with partners like Albertsons, all in one place for end-to-end supply chain visibility that leaves zero ambiguity in our business. Snowflake has been vital to Kraft Heinz digital transformation and is enabling us to now focus resources on innovation for our customers.”

Retail Data Cloud Partner Solutions

Within the Retail Data Cloud, customers can access industry-specific solutions to leverage best practices, reduce time-to-value, and increase overall impact. Partners announcing new pre-built solutions include:

• Applications Powered by Snowflake, like those from Blue Yonder, Cart.com, Nulogy, and Zabka, which allow retailers, CPGs, and others within the industry to share relevant data and collaborate on key use cases, from improving customer experiences to optimizing supply chain operations.
• Snowflake Data Marketplace partners, like AccuWeather, Atlas, Catalina, Crisp, Experian, Heap, NCSolutions, and Numerator, which enable timely access to 3rd party data sources via data sharing, powering key processes such as enhancing customer 360° views, improving demand forecasts, and more.
• Consulting and Services partners like Capgemini, Infosys, Slalom, Tata Consultancy Services, and TEK Systems, can unlock time-to-value for customers with pre-built partner solutions that help solve for top priority use cases in merchandising, supply chain, and personalization, and can quickly help businesses grow value.
• Technology partners like Amazon Web Services (AWS), Dataiku, DataRobot, Robling, and Tableau, provide seamless integrations and out-of-the-box solutions so customers can attain deeper insights and realize the full power and ease of use of the Retail Data Cloud.

Learn more about the partner-tailored solutions for Retail and CPG businesses here.

“This package of joint solutions to the Retail & CPG industry in Snowflake’s Retail Data Cloud can fuel the next wave of transformation by providing the data access, governance and sharing required to activate data and drive business value,” said Rosemary Hua, Retail and CPG Industry GTM lead at Snowflake. “Retailers and CPGs can now connect with partners and each other in the Data Cloud to take data-driven action and better serve their customers in a rapidly changing environment.”

Learn More:

• Learn more about Snowflake for Retail and CPG businesses.
• Register for an upcoming Retail and CPG industry webinar.
• Stay on top of the latest news and announcements from Snowflake on LinkedIn and Twitter.

* As of January 31, 2022.
** As of January 31, 2022. Based on the 2021 Fortune 500 list. Our Fortune 500 customer count is subject to adjustments for annual updates to the Fortune 500 list by Fortune, as well as acquisitions, consolidations, spin-offs, and other market activity with respect to such customers.

Forward-Looking Statements

This press release contains express and implied forwarding-looking statements, including statements regarding Snowflake products, services, and technology offerings that are under development or not generally available, and the integration and/or interoperability of those products, services and offerings with third-party products and services. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under the heading “Risk Factors” and elsewhere in the Quarterly Reports on Form 10-Q and the Annual Reports on Form 10-K that Snowflake files with the Securities and Exchange Commission. In light of these risks, uncertainties, and assumptions, actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. As a result, you should not rely on any forwarding-looking statements as predictions of future events.

About Snowflake

Snowflake enables every organization to mobilize their data with Snowflake’s Data Cloud. Customers use the Data Cloud to unite siloed data, discover and securely share data, and execute diverse analytic workloads. Wherever data or users live, Snowflake delivers a single data experience that spans multiple clouds and geographies. Thousands of customers across many industries, including 241 of the 2021 Fortune 500 and 488 of the 2021 Forbes Global 2000 (G2K) as of January 31, 2022, use Snowflake Data Cloud to power their businesses. Learn more at snowflake.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220328005289/en/

Media Contact

Danica Stanczak

Sr. PR Manager, Snowflake

press@snowflake.com

Source: Snowflake Inc.

FAQ

What is Snowflake's new product announced in the press release?

Snowflake announced the launch of the Retail Data Cloud.

How does the Retail Data Cloud benefit retailers?

It enables data integration, collaboration, and delivers personalized customer experiences.

Which companies are using Snowflake's Retail Data Cloud?

Companies using the platform include 84.51°, Albertsons, Kraft Heinz, and Rakuten.

What are the key features of Snowflake's Retail Data Cloud?

Key features include data integration, governed access, scalable performance, and industry-specific solutions.

When was the Retail Data Cloud launched?

The Retail Data Cloud was launched as per the press release dated March 28, 2022.