Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the “reimagination machine” that is the Cloud.
In this Cloud Wars Minute, Bob explains the new Snowflake initiative that is disrupting the world of data management.
Highlights
00:11 — Snowflake has been one of the “highest fliers” in the greatest growth market the world has ever known. In Q3, the company’s revenue was up 3%.
00:33 — After shaking up the whole world of data lakes and data management with the Snowflake Data Cloud, Snowflake has a new initiative. Its latest “disruptive initiative” is around application development. Snowflake has opened up its data cloud to its customers, who will be able to deploy and monetize their own data-intensive applications within the environment.
01:18 — Bob had the opportunity to speak with a few of Snowflake’s customers that are using the data cloud for application development. For Snowflake customers, there is a chance to monetize off of the applications built into Snowflake’s data cloud. For Snowflake, there is more activity, greater workloads, and a stronger interdependence on its platform.
01:45 — Bob spoke with Blue Yonder, a supply chain software company. Blue Yonder noted that the rise in digital business has prompted a need for “more horsepower” to assist its customers in more expansive demand forecasting. Blue Yonder found that Snowflake was able to boost its demand forecasting capabilities 20x.
02:18 — FactSet, a company that does data analysis for financial services companies, has found new business opportunities through Snowflake’s data cloud. FactSet can now transfer data and files almost instantly to its customers, in addition to advising its customers on their own digital transformation initiatives.
03:14 — These customer examples suggest that companies are finding interest in Snowflake’s new initiative. These results force additional big-tech companies to assess how they are doing in these areas. Customers, as always in the Cloud Wars, turn out to be the big winners.
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