The Silicon Review
Data is perhaps one of the most valuable commodities in existence. The internet age has given people the liberty and convenience to shop from the comfort of their houses, make financial transactions, book movie tickets and so on. All this internet usage by over two billion people generates humongous amounts of data that companies store and process. Analyzing user data is an excellent way for corporations as well as advertisers to discern customer behaviors, purchasing habits, market patterns and so on. Knowing this enables the providers of internet-based services to understand the needs of their customers better and tailor their services accordingly.
However, the ever-growing pile of data is rapidly becoming hard to manage and corporations are finding it increasingly difficult to store, retrieve and manipulate the information. Answering this need for data storing is Snowflake, an ambitious company that provides innovative solutions that make data storage not only easy but also affordable and sustainable in addition to providing a platform for analytics. Snowflake’s mission is to enable every organization to be data-driven. Its cloud-built data warehouse 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.
Let’s have a look at some of Snowflake’s innovative solutions
Snowflake for state and federal government
Centralized, Shareable Data
Snowflake easily enables a consistent, integrated view of intra-agency and cross-agency, structured and semi-structured data. Snowflake also helps organizations instantly and securely shares live, governed data without having to move shared data. Agencies can share governed data internally, between departments, across agencies, or externally with partners, suppliers, vendors, and even citizens.
Transparency, Compliance & Security
Security is baked into Snowflake, relieving organizations of enabling security and therefore deterring threats due to insufficient security measures. Snowflake meets NIST 800-145 requirements and is also FedRAMP ready. In addition, SOC 2 Type 2, PCI DSS compliance, and support for HIPAA compliance validate the level of security for Snowflake.
Effortless IT Modernization
Snowflake drives business intelligence, analytics, data science, visualization, and data-driven decision-making. It is done by taking all the information from your transactional legacy systems and performing the heavy data lifting within a cloud-built data warehouse with built-in performance, security, scalability, and concurrency. This enables government organizations to deliver intuitive and efficient services to government and citizens via innovative data analytics.
Snowflake for financial services
Unified Data Sources
Bring all of your data into Snowflake’s cloud-built data warehouse to achieve a single source of truth for a fraction of the cost of alternative cloud and on-premise solutions. From structured to semi-structured data, Snowflake easily loads all your data types.
Democratize data by providing access to a single source of truth with role-based access control (RBAC). End users can directly access critical data and analyze it without any unnecessary barriers, or competition for resources.
Consistent, Real-Time Reporting
Simplify what-if and value-at-risk reporting with the power of the cloud. Use Snowflake’s zero-copy cloning to deliver consistent reporting without the added cost of duplicate storage. And use Snowflake’s Time Travel to easily reveal discrepancies in critical reports.
Snowflake for healthcare
The entire healthcare sector is using data analytics to answer bigger, more complex questions than ever. Whether it’s payer, provider, and genomics or pharma, life, and biosciences and beyond, cloud analytics for healthcare sets the foundation for driving cost reduction and enabling entirely new business models and revenue streams. Leveraging analytics has quickly moved from a cutting-edge, “nice to have” option to a required competency for healthcare organizations. Yet, many providers still struggle to turn data into useful information to enable them to take action.
Create a Positive Patient Experience
Enabling a one-stop repository for the entire patient journey within and between health organizations helps streamline processes, provides a deeper understanding of health issues, and delivers better patient experiences.
Deliver Improved Patient Outcomes
Use modern cloud analytics to tell doctors what they don’t already know about their patients. Providing holistic care requires all patient data from all data sources integrated and analyzed to speed up and improve patient care.
Ease of Administration
Keep pace with ever-changing government regulations and free up your IT professionals with Snowflake – a zero-management, modern cloud data warehouse with built-in performance and security so your teams can focus on truly strategic projects.
Meet the driving force behind Snowflake’s meteoric rise, Frank Slootman
Frank Slootman currently serves as Chairman and CEO at Snowflake. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017, taking the organization from around $100M in revenue, through an IPO, to $1.4B. Prior to that, Frank served as President of the Backup Recovery Systems Division at EMC following the acquisition of Data Domain Corporation/Data Domain, Inc., where he served as the Chief Executive Officer and President, leading the company through an IPO to its acquisition by EMC for $2.4B. Slootman holds undergraduate and graduate degrees in economics from the Netherlands School of Economics, Erasmus University Rotterdam.