Snowflake Scales Data Cloud Ecosystem Through Industry Solutions and Powered by Snowflake Program

Rhea-AI Summary

Snowflake (NYSE: SNOW) reported significant growth with its Powered by Snowflake program expanding over 6x year-over-year as of July 31, 2022. The company launched four industry-specific Data Clouds and partnered with over 120 collaborators. Innovations across the Data Cloud ecosystem continue, supported by Snowflake Ventures. Strategic partnerships with companies like Deloitte and Capital One enhance joint solutions, focusing on digital innovation and data mobilization. Snowflake remains committed to driving economic value through enhanced platform capabilities.

Positive

• Powered by Snowflake program grew over 6x year-over-year as of July 31, 2022.
• Launched four industry-focused Data Clouds, enhancing market presence.
• Collaborated with over 120 partners to develop new solutions.
• Investments from Snowflake Ventures indicate ongoing commitment to innovation.
• Strategic partnerships with Deloitte and Capital One to support data mobilization.

Negative

• No specific financial metrics or performance figures released in the PR.

• Powered by Snowflake program scales over 6x year-over-year as of July 31, 2022, fueling new innovations
• Vertical and horizontal solutions showcase major growth with the launch of four industry-focused Data Clouds to date, driven in partnership with over [120] partners as of July 31, 2022
• Snowflake expands innovations across the Data Cloud ecosystem with partner investments from Snowflake Ventures, and joint solutions in collaboration with AWS, Dell Technologies, Salesforce, and more

No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)-- Snowflake (NYSE: SNOW), the Data Cloud company, today announced at its Snowday 2022 event, the final San Francisco stop on its Data Cloud World Tour, continued growth across the Data Cloud ecosystem, driven in part by Snowflake’s cloud, data provider, services, technology, and Powered by Snowflake partners, alongside its customers. Launched over two years ago, the Snowflake Partner Network continues to serve as the engine that fuels the growth of the Data Cloud ecosystem, unlocking the potential of the Data Cloud with a broad array of solutions, applications, and partners that help mobilize the world’s data.

“Together, Deloitte and Snowflake are supporting customers end-to-end through their data mobilization journeys,” said Frank Farrall, Principal – Data and AI Alliances Leader, Deloitte Consulting LLP. “Our alliance with Snowflake allows us to be part of the process of helping to redefine the market for data technology, empowering our joint clients to achieve their digital innovation goals and unlock business value at scale.”

Powered by Snowflake Fuels New Innovations

Powered by Snowflake is becoming synonymous with application development in the Data Cloud, with the program growing by over 6x year-over-year as of July 31, 2022. The program provides partners and customers developing applications on Snowflake with the tools and resources they need to build, market, and operate applications in the Data Cloud. Leading supply chain solution providers like Blue Yonder, cybersecurity organizations like Panther, media and advertising organizations like Piano, marketing technology organizations like Simon Data have built their customer-facing applications on Snowflake, enabling them to seamlessly scale with user demand, reduce operational burden, and unlock new revenue streams.

Snowflake announced the launch of its Native Application Framework (currently in private preview) at this year’s Snowflake Summit, unlocking the ability for application logic to come to the data instead of forcing the customer to relinquish control of or move data. Since then, companies like Capital One are leveraging the Native Application Framework to build a new class of applications on Snowflake that enable customers to install applications from Snowflake Marketplace, and run them directly in their Snowflake instances.

“Earlier this year, Capital One entered the enterprise B2B software market with the launch of Capital One Software and our first product, Slingshot,” said Salim Syed, VP and Head of Engineering, Capital One Software. “We chose to develop a Slingshot app for Snowflake Marketplace to further enhance the Slingshot customer experience and increase the time to value for our joint customers. The ease at which consumers can securely install and run applications directly in their Snowflake instances is of huge value to those building applications in Snowflake.”

Snowflake Partners Building Joint Industry-Vertical Solutions in Alignment with Customers’ Priorities

Snowflake continues to advance as the standard across industries through its vertical and horizontal solutions with the launch of four industry-specific Data Clouds recently built on Snowflake’s single, integrated platform: Financial Services Data Cloud (September 2021), Media Data Cloud (October 2021), Healthcare and Life Sciences Data Cloud (March 2022), and Retail Data Cloud (March 2022). Within each industry-specific Data Cloud, Snowflake announced partner-delivered solutions that are designed to take advantage of Snowflake’s unique interoperability and secure data sharing capabilities, create frictionless collaboration between organizations, leverage best practices, reduce time-to-value, and increase overall impact. Examples of joint solutions include:

• Media Data Cloud – Slalom created solutions on the Media Data Cloud for the cookieless ecosystem, which enable marketers to generate insights from their first-party data and stay compliant with privacy regulations, while ensuring that data is never stale or out of date.
• Healthcare and Life Sciences Data Cloud – Novartis is leveraging the Healthcare & Life Sciences Data Cloud to optimize omnichannel engagement and accelerate time-to-market while collaborating more closely than ever with their healthcare partners, unlocking data to reimagine medicine that will improve patient outcomes.
• Retail Data Cloud – Infosys is improving 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.
• Financial Services Data Cloud – Alation pioneered the data catalog and launched the Alation Data Governance App with Snowflake-specific policy features to help drive data governance adoption and increase the transparency of data controls in the Financial Services Data Cloud.

“Enterprises are focusing on creating sustained competitive advantage through data and AI, however, they are faced with significant challenges in modernizing to cloud-led data estates. Re-imagining business processes enabled by data and AI and creating data-driven new growth engines is key to win and lead in the digital world.” said Sunil Senan, Senior Vice President and Business Head for Data and Analytics at Infosys. “Infosys is helping its clients through Industry Intelligence cloud offerings under Infosys Cobalt in collaboration with Snowflake empowering enterprises to address these challenges and accelerate their data-driven business strategy.”

Additionally, Snowflake executed and launched its inaugural Modern Marketing Data Stack Report: Your Technology Guide to Unifying, Analyzing, and Activating the Data that Powers Amazing Customer Experiences, identifying the best of breed Snowflake partner and Marketplace solutions used by Snowflake customers to show how marketers can leverage the Snowflake Data Cloud to best identify, serve, and convert valuable prospects into loyal customers. Snowflake’s report provides a concrete overview of the top solutions marketers are currently choosing to create their data stacks.

Snowflake Continues to Invest in Partner Innovation

Snowflake Ventures continues to foster innovation by actively investing in companies that demonstrate a commitment to mobilizing data, providing value to customers through deeper integrations with Snowflake. Snowflake Ventures investments in 2022 include dbt Labs, Hex, Immuta, Matillion, Securonix, DataOps.live, and Tecton.

"Matillion and Snowflake are committed to maximizing the data productivity of our mutual customers by enabling data teams to transform and enrich data directly within the Snowflake Data Cloud,” said Matthew Scullion, CEO and founder, Matillion. “Together we have collaborated to support hundreds of global enterprise customers since the introduction of Matillion ETL for Snowflake. We remain laser-focused on empowering data teams to build the future-ready data infrastructure that supports their analytics, data science, and AI projects.”

The Data Cloud ecosystem remains a primary focus for Snowflake as it continues to advance innovation through joint solution development and go to market programs in collaboration with Amazon Web Services (AWS), Blue Yonder, Carahsoft, Citi, Dell Technologies, Pure Storage, Salesforce, Stripe, and The Depository Trust & Clearing Corporation (DTCC).

“The Snowflake Partner Network is at the heart of the exponential growth that Snowflake’s Data Cloud has experienced over the past year,” said Colleen Kapase, Snowflake’s SVP Partners and Alliances. “Our partners continue to amaze us in how they leverage their capabilities and expertise to deliver powerful data-driven business outcomes to our joint customers. We look forward to continuing to strengthen the Data Cloud through our partners to deliver even more impact to customers.”

Snowflake also announced new innovations to Snowflake’s industry-leading data platform that will further drive economic value for customers, new advancements that disrupt application development with the Data Cloud, and more at Snowday 2022.

Learn More

• Read more about how to become a Snowflake partner and get access to Snowflake’s self-service partner resources, here.
• See how partners are building on Snowflake and apply for the Powered by Snowflake partner program, here.
• Learn more about Snowflake’s vertical and horizontal solutions, here.
• Read the latest on Snowflake Ventures investments, here.
• View the Snowday 2022 keynotes live or on-demand, here.

Please see www.deloitte.com/us/about for a detailed description of Deloitte’s legal structure.

Forward Looking Statements

This press release contains express and implied forward-looking statements, including statements regarding (i) Snowflake’s business strategy, (ii) Snowflake’s products, services, and technology offerings, including those that are under development or not generally available, (iii) market growth, trends, and competitive considerations, and (iv) the integration, interoperability, and availability of Snowflake’s products with and on third-party platforms. 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 forward-looking statements as predictions of future events.

© 2022 Snowflake Inc. All rights reserved. Snowflake, the Snowflake logo, and all other Snowflake product, feature and service names mentioned herein are registered trademarks or trademarks of Snowflake Inc. in the United States and other countries. All other brand names or logos mentioned or used herein are for identification purposes only and may be the trademarks of their respective holder(s). Snowflake may not be associated with, or be sponsored or endorsed by, any such holder(s).

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 510 of the 2022 Forbes Global 2000 (G2K) as of July 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/20221107005273/en/

Maddie McGrath

Partner PR Lead, Snowflake

PartnerPR@snowflake.com

Source: Snowflake Inc.

FAQ

What are the recent developments for Snowflake (SNOW) as of July 31, 2022?

Snowflake's Powered by Snowflake program expanded over 6x year-over-year and launched four industry-focused Data Clouds.

How is Snowflake (SNOW) enhancing its Data Cloud ecosystem?

Snowflake is enhancing its ecosystem through strategic partnerships, investments in innovation, and by collaborating with over 120 partners.

What strategic partnerships have Snowflake (SNOW) formed recently?

Snowflake has formed partnerships with Deloitte and Capital One to improve data mobilization and support joint solutions.