Snowflake Strengthens Leadership in Cross-Cloud Collaboration for Enterprise Data and AI
Snowflake announced new innovations at BUILD 2024 to enhance cross-cloud collaboration for enterprise data and AI. The company introduced the Internal Marketplace, now generally available, allowing teams to discover and share data, apps, and fine-tuned LLMs within organizations. Key features include Copilot for Listings, an AI assistant for data evaluation, and Secure Model Sharing for model distribution and monetization. The Native App Framework Integration with Snowpark Container Services streamlines app development, while the new Egress Cost Optimizer helps reduce data transfer costs. Snowflake Marketplace now offers 220+ apps and 2,500+ datasets, with enhanced security features for Virtual Private Snowflake users.
Snowflake ha annunciato nuove innovazioni al BUILD 2024 per migliorare la collaborazione cross-cloud per i dati aziendali e l'AI. L'azienda ha introdotto il Marketplace Interno, ora disponibile in generale, che consente ai team di scoprire e condividere dati, app e LLM ottimizzati all'interno delle organizzazioni. Tra le caratteristiche chiave c'è il Copilot per le Liste, un assistente AI per la valutazione dei dati, e Condivisione Sicura dei Modelli per la distribuzione e monetizzazione dei modelli. L'Integrazione con il Framework delle App Native tramite Snowpark Container Services semplifica lo sviluppo delle app, mentre il nuovo Ottimizzatore dei Costi di Egress aiuta a ridurre i costi di trasferimento dei dati. Il Marketplace di Snowflake offre ora oltre 220 app e più di 2.500 dataset, con funzionalità di sicurezza avanzate per gli utenti di Virtual Private Snowflake.
Snowflake anunció nuevas innovaciones en BUILD 2024 para mejorar la colaboración entre nubes para datos empresariales e IA. La empresa presentó el Mercado Interno, ahora disponible en general, que permite a los equipos descubrir y compartir datos, aplicaciones y LLMs optimizados dentro de las organizaciones. Las características clave incluyen Copilot para Listados, un asistente de IA para la evaluación de datos, y Compartición Segura de Modelos para la distribución y monetización de modelos. La Integración del Framework de Aplicaciones Nativas con Snowpark Container Services simplifica el desarrollo de aplicaciones, mientras que el nuevo Optimizador de Costos de Egreso ayuda a reducir los costos de transferencia de datos. El Mercado de Snowflake ahora ofrece más de 220 aplicaciones y más de 2,500 conjuntos de datos, con características de seguridad mejoradas para los usuarios de Virtual Private Snowflake.
Snowflake는 2024년 BUILD에서 기업 데이터 및 AI의 크로스 클라우드 협업을 향상시키기 위한 새로운 혁신을 발표했습니다. 이 회사는 팀이 조직 내에서 데이터, 앱 및 조정된 LLM을 발견하고 공유할 수 있도록 하는 내부 마켓플레이스를 새롭게 선보였으며, 이제 일반적으로 이용 가능합니다. 주요 기능으로는 데이터 평가를 위한 AI 어시스턴트인 리스트용 코파일럿과 모델 배포 및 수익화를 위한 안전한 모델 공유가 있습니다. Snowpark Container Services와의 네이티브 앱 프레임워크 통합은 앱 개발을 간소화하며, 새로운 이그레스 비용 최적화기는 데이터 전송 비용을 줄이는 데 도움을 줍니다. Snowflake 마켓플레이스는 현재 220개 이상의 앱과 2,500개 이상의 데이터 세트를 제공하며, Virtual Private Snowflake 사용자에게는 향상된 보안 기능을 제공합니다.
Snowflake a annoncé de nouvelles innovations lors de BUILD 2024 pour améliorer la collaboration inter-cloud pour les données d'entreprise et l'IA. L'entreprise a introduit le Marché Interne, désormais généralement disponible, permettant aux équipes de découvrir et de partager des données, des applications et des LLM optimisés au sein des organisations. Les principales fonctionnalités incluent le Copilote pour les Annonces, un assistant IA pour l'évaluation des données, et le Partage de Modèles Sécurisé pour la distribution et la monétisation des modèles. L'Intégration du Cadre d'Applications Natives avec les Services de Conteneurs Snowpark simplifie le développement d'applications, tandis que le nouvel Optimiseur de Coûts d'Egress aide à réduire les coûts de transfert de données. Le Marché Snowflake propose désormais plus de 220 applications et plus de 2 500 jeux de données, avec des fonctionnalités de sécurité renforcées pour les utilisateurs de Virtual Private Snowflake.
Snowflake hat auf der BUILD 2024 neue Innovationen vorgestellt, um die Zusammenarbeit über Clouds für Unternehmensdaten und KI zu verbessern. Das Unternehmen hat den internen Marktplatz eingeführt, der jetzt allgemein verfügbar ist und es Teams ermöglicht, Daten, Apps und feinabgestimmte LLMs innerhalb von Organisationen zu entdecken und zu teilen. Zu den wichtigsten Funktionen gehören Copilot für Listings, ein KI-Assistent zur Datenevaluation, und sichere Modellweitergabe zur Verteilung und Monetarisierung von Modellen. Darüber hinaus vereinfacht die Integration des nativen App-Frameworks mit den Snowpark-Container-Diensten die Anwendungsentwicklung, während der neue Egress-Kostoptimierer die Datenübertragungskosten senkt. Der Snowflake-Marktplatz bietet nun über 220 Apps und mehr als 2.500 Datensätze, mit verbesserter Sicherheit für Nutzern von Virtual Private Snowflake.
- Launch of Internal Marketplace enables secure internal sharing of data, apps, and AI models
- Integration with Snowpark Container Services accelerates app development and deployment
- New Egress Cost Optimizer reduces data transfer costs across cloud regions
- Expansion of Marketplace offering with 220+ apps and 2,500+ datasets
- Introduction of Secure Model Sharing enables new revenue streams through model monetization
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Insights
The latest Snowflake innovations represent a significant strategic advancement in enterprise AI and data collaboration capabilities. The Internal Marketplace with LLM sharing and the new Snowpark Container Services integration address critical pain points in enterprise AI development and deployment. These features could drive substantial revenue growth through increased platform stickiness and expanded monetization opportunities.
The introduction of Secure Model Sharing and Egress Cost Optimizer positions Snowflake to capture a larger share of the growing AI model marketplace economy. The elimination of incremental egress costs significantly improves the platform's economics for developers and could accelerate marketplace adoption. With
This product expansion strengthens Snowflake's competitive moat in the rapidly growing enterprise AI infrastructure market. The new features address key enterprise concerns around AI deployment, including security, governance and cost management. The ability to share and monetize AI models could create significant new revenue streams both for Snowflake and its customers.
The addition of GPU support and cross-cloud capabilities positions Snowflake as a more complete platform for AI workloads, potentially reducing customer churn and increasing wallet share. The Flix Mobility case study and Genesis Computing partnership demonstrate early enterprise adoption and platform versatility, suggesting strong market validation for these new capabilities.
- Snowflake’s Internal Marketplace enables enterprises to easily discover and share data, apps, and now fine-tuned LLMs across teams and business units
- The Snowflake Native App Framework Integration with Snowpark Container Services accelerates developers’ time-to-value for delivering sophisticated AI-powered apps
- Enterprises can now develop, distribute, and monetize AI models to third-parties on Snowflake Marketplace with Secure Model Sharing
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Snowflake Strengthens Leadership in Cross-Cloud Collaboration for Enterprise Data and AI (Graphic: Business Wire)
“To keep up with the evolving data and AI landscape, enterprises need instant access to all of the data within their organizations, supplemented with their customers’ and partners’ data, in order to build powerful AI apps at scale for crucial decision-making.” said Prasanna Krishnan, Head of Collaboration and Horizon, Snowflake. “That’s where Snowflake’s industry-leading cross-cloud collaboration comes in, enabling organizations to not only access and share their most valuable data, but also apps and AI models, both internally and externally with third-parties. Snowflake’s latest innovations unlock new ways for teams to collaborate on these initiatives and bring AI and apps into production faster, while handling security and governance implications to reduce risk.”
Snowflake Enables Collaboration and Sharing Within Enterprises, With Built-In Governance
Building AI apps and fine-tuning models is often resource-intensive and time-consuming, and it's difficult for many enterprises to collaborate on this work across various teams without introducing significant complexity and privacy considerations. With Snowflake’s Internal Marketplace (now generally available), users can easily discover available data, apps, and AI products from other teams and business units within their organizations — while preventing unintended sharing to external parties.
The Internal Marketplace also allows users to share fine-tuned large language models (LLMs) (now in public preview), making it easier for them to collaborate on generative AI use cases with increased model accuracy and performance for use case-specific tasks, and then deploy them into production. This is all done securely from within the AI Data Cloud, eliminating the need to make copies of data or transfer it between accounts. Data products listed on an organization’s Internal Marketplace can also be easily evaluated using natural language with the new Copilot for Listings (now in private preview), an AI assistant that generates and executes high-quality SQL commands and answers questions on structured data, enabling customers to quickly determine whether shared data is relevant to their work.
“As a leading global mobility-tech company, it's crucial to use the full potential of data to provide our customers an unforgettable travel experience,” said Tobias Hadem, Vice President of Engineering, Flix Mobility. “Snowflake's Internal Marketplace will empower our data teams to promote and securely share their data products within the organization, driving informed, data-driven decisions across the company.”
Build, Distribute, and Monetize Data and AI Products Faster
In the era of AI, enterprises need speed and flexibility to build sophisticated AI-powered apps at scale. Snowflake is streamlining the app development process so customers can focus on building the apps and models that matter most to their businesses, reducing operational burden and accelerating time to production.
To help organizations further build and deliver advanced apps, Snowflake is arming users with the Snowflake Native App Framework Integration with Snowpark Container Services (now generally available on AWS and public preview on Microsoft Azure). The integration allows users to easily build apps in their preferred programming language with fully customizable user experiences and then deploy them on top of configurable GPU and CPU instances, significantly enhancing the developer’s time-to-value. Published apps can then be seamlessly distributed across clouds and regions, all with enhanced observability and security across the end-to-end app development process. Companies like Genesis Computing, Kumo AI, LandingAI, RelationalAI, and more are using the integration to deliver and monetize AI-powered apps to Snowflake customers through Snowflake Marketplace, unlocking new revenue streams.
“We’re building our business exclusively on Snowflake, and thanks to the Snowflake Native App integration with Snowpark Container Services, we were able to launch our first product in a matter of weeks,” said Matthew Glickman, Co-Founder and CEO, Genesis Computing. “The integration gives us the flexibility to build sophisticated, enterprise-grade AI Data Agents at scale and quickly deploy and monetize our products on Snowflake Marketplace. Our partnership with Snowflake is providing tremendous customer value, and enabling Snowflake customers to harness the power of agentic AI in just a few clicks — all within the security and governance boundaries of the AI Data Cloud.”
The Snowflake Native App Framework is also adding support for the Snowpark ML Modeling API, which uses familiar Python frameworks such as scikit-learn, LightGBM, and XGBoost for preprocessing data, feature engineering, and training models inside Snowflake. Through Snowflake’s new Secure Model Sharing (now in public preview), model developers can use the Snowpark ML Modeling API to create and train models, store them in model registries within their accounts, and securely distribute and monetize these models through a Snowflake Native App on Snowflake Marketplace.
To give developers more control over their data, apps, and AI product distribution costs, Snowflake is unveiling a new Egress Cost Optimizer (generally available soon) to remove incremental egress costs, or fees associated with transferring data out of a cloud service or data center, when sharing data products to multiple cloud regions. The Egress Cost Optimizer offers developers significant cost savings, allowing them to allocate more resources to the initiatives that matter most for their businesses.
Gain Direct Access to Secure, Enterprise-Grade AI and Data Products In a Just Few Clicks
In just a few clicks, enterprises can try, buy, and deploy sophisticated AI apps and data products from Snowflake Marketplace, built by providers that can easily leverage the security and governance tools provided by Snowflake. Snowflake Marketplace continues to grow, with 220+ apps and 2,500+ datasets readily available today¹ for customers to harness within seconds.
For organizations with high levels of security requirements who have deployed Snowflake on Virtual Private Snowflake (VPS), or use AWS PrivateLink, Snowflake is introducing the Snowflake Native App Support for Secure Deployments (now generally available). Through this support, organizations on those secure deployments can now install and use Snowflake Native Apps. The Snowflake Native App Support for Secure Deployments enables secure data handling by reducing exposure to external threats, while helping customers maintain compliance with even the most stringent industry standards. Additionally, Snowflake Native App Compliance Badging (now private preview) allows organizations to easily identify apps that meet their internal compliance requirements like SOC 2, and recognize enterprise-grade products on Snowflake Marketplace at a glance.
Learn More:
- Read more about the latest advancements spanning cross-cloud collaboration in this blog post.
- Browse through all of the available data, apps, LLMs, and more available today on Snowflake Marketplace.
- Check out all the innovations and announcements coming out of BUILD 2024 on Snowflake’s Newsroom.
- Stay on top of the latest news and announcements from Snowflake on LinkedIn and X.
¹As of July 31, 2024.
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.
© 2024 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
About Snowflake
Snowflake makes enterprise AI easy, efficient and trusted. Thousands of companies around the globe, including hundreds of the world’s largest, use Snowflake’s AI Data Cloud to share data, build applications, and power their business with AI. The era of enterprise AI is here. Learn more at snowflake.com (NYSE: SNOW).
View source version on businesswire.com: https://www.businesswire.com/news/home/20241112798682/en/
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Source: Snowflake Inc.
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