- Over 25 new Snowflake Native Apps on Snowflake Marketplace are
driving revenue and extending data collaboration from leading
organizations including Bond Brand Loyalty, Capital One Software,
DTCC, Goldman Sachs, LiveRamp, Matillion, My Data Outlet, and more
(as of June 27, 2023)
- The Snowflake Native App Framework (public preview on AWS) is
now available for developers to build and test Snowflake Native
Apps, with distribution and monetization capabilities (public
preview soon)
- Snowflake Marketplace continues to advance, now offering
exclusive content from Cybersyn and the ability to procure leading
data and Snowflake Native Apps with Snowflake Capacity
commitment
Snowflake (NYSE: SNOW), the Data Cloud company, today announced
at its annual user conference, Snowflake Summit 2023, that the
Snowflake Native App Framework (public preview on AWS) is now
available for developers to build and test Snowflake Native Apps,
with over 25 new Snowflake Native Apps now available for customers
to install from Snowflake Marketplace. Snowflake Native Apps usher
in a new era of data collaboration, enabling developers with the
tools needed to create robust apps quickly with Snowflake's high
availability and auto-scalability, while helping to eliminate
security and privacy hurdles for customers because the apps run
directly within their Snowflake accounts, unlocking entirely new
revenue streams and enabling thousands of Snowflake customers to
easily discover and install these apps — without having to move or
expose their data.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230627551458/en/
Snowflake Native App Framework Empowers
All Developers to Join Industry Leaders like Capital One Software,
DTCC, and Matillion in Building, Distributing, and Monetizing Apps
Within the Data Cloud (Graphic: Business Wire)
The Snowflake Native App Framework gives Snowflake Native Apps
providers the necessary building blocks to develop faster, deploy
more easily, and operate more effectively with the performance,
scale, and efficiency of the Snowflake platform. With Custom Event
Billing (public preview) and on-platform monetization (general
availability) through Snowflake Marketplace, organizations can then
seamlessly distribute and monetize their apps without having to
set-up cost-intensive billing systems. This native deployment and
distribution model reimagines the traditional approach of copying
data to apps, instead bringing the work to the data by enabling
apps to run inside an end users’ existing Snowflake account.
Customers no longer have to export or provide external access to
their data, significantly accelerating the path to customer
acquisition and adoption for providers.
“Every type of data application has historically required
customers to move or copy their data and entrust it to third-party
vendors, which is particularly problematic when customer data is
highly sensitive. The Snowflake Native App Framework reimagines the
status quo, enabling developers to bring their apps directly to
their customer’s data, without that data ever leaving the
customer’s environment,” said Christian Kleinerman, SVP of Product,
Snowflake. “We’re making it easier, faster, and more efficient for
developers to build and ship leading apps at scale, so they can
focus on earning revenue from some of the largest companies in the
Data Cloud, with Snowflake seamlessly taking care of security,
privacy, and governance concerns.”
Over 25 Organizations Have Already Published Snowflake Native
Apps Available Today on Snowflake Marketplace
Snowflake Marketplace already has over 25 new Snowflake Native
Apps available today, and over one hundred providers are currently
developing apps that span multiple industries and use cases.
Leading organizations are building in the Data Cloud to easily
bring unique insights to end users, from data clean room apps to
apps supporting financial investment decisions, enabling end users
to unlock value with just a few clicks on Snowflake
Marketplace.
For example, The Depository Trust & Clearing Corporation
(DTCC), the leading post-trade market infrastructure for the global
financial services industry, is building Snowflake Native Apps in
the Data Cloud to bring its models and user interface to more
clients. DTCC is building both actual and hypothetical portfolios
that their analysts and clients can leverage in Snowflake to model
and predict scenarios, so clients are better prepared to navigate
market events and associated risk.
“Snowflake Native Apps are an integral part of DTCC’s
modernization journey, transforming how we enable our clients with
enhanced access to our services, ultimately delivering greater
market transparency, reduced risk, and increased operational
efficiency,” said Lynn Bishop, CIO, DTCC. “By building with the
Snowflake Native App Framework, we can transform how our clients
access, share, and leverage data across a number of DTCC services
through Snowflake Marketplace, further modernizing the financial
services industry and fundamentally altering how users process
financial data.”
Other organizations building Snowflake Native Apps include:
- Bond Brand Loyalty: Bond's Snowflake Native App,
SynapzeXi, is a customer intelligence solution for organizations
looking to enable personalization at scale on their data in
Snowflake. SynapzeXi brings Bond's customer engagement models and
methodologies, proprietary benchmarks, and industry-leading IP
directly to clients’ data, reducing the time required to stand up
and scale personalization and offer optimization. SynapzeXi also
creates and optimizes item and segment level offers for various
marketing use cases using generative AI and advanced customer
lifetime value models.
- Capital One Software: Capital One Slingshot helps
businesses optimize their Snowflake compute spend, and reduce waste
and inefficiencies. Through the Snowflake Marketplace, customers
can quickly onboard to a free trial of Slingshot, and start
identifying their biggest cost drivers and areas of optimization to
improve performance and drive tangible business value.
- Goldman Sachs: Goldman Sachs’ Legend app, built with the
Snowflake Native App Framework, combines the Goldman Sachs
Financial Cloud for Data with its open sourced data platform Legend
(github.com/finos/legend) to generate business insights for
clients, business partners, and engineers by sharing relevant
datasets and allowing clients to join these with their own holdings
data.
- LiveRamp: LiveRamp’s Identity Resolution and Translation
solutions create an accurate and durable people-based identifier
that protects personally identifiable information (PII) and enables
interoperability across the ecosystem. Identity resolution replaces
single-touchpoint identifiers (hashed emails, third-party cookies,
MAIDs, and CTV IDs) to consolidate consumer data fragments for
better measurement, personalization, optimization, and audience
modeling. Translation connects a customer’s data to a partner’s
data through Snowflake by translating RampIDs into a common
identity space, resulting in enhanced insights, analytics, and
interoperability with a wide network of partners.
- Matillion: Matillion's Snowflake Native App, Matillion
Connector for Google Sheets, allows users to create and schedule
data loading pipelines to ingest data directly into Snowflake from
Google Sheets, automating data loading for data engineers and
storing the data directly inside an end users’ Snowflake account
for increased security and governance.
- My Data Outlet: My Data Outlet built a Snowflake Native
App for joint customers to simplify the systematic investment
research process across many financial data sources natively in the
Snowflake Data Cloud. Since launching its Snowflake Native App late
last year, My Data Outlet has already secured licensing agreements
with multiple Investment Management firms and generated significant
growth in annual recurring revenue from Snowflake Marketplace.
Snowflake Marketplace Continually Advances with Exclusive
Content And New Ways to Purchase Data and Apps in the Data
Cloud
Snowflake Marketplace continues to scale as the first
cross-cloud marketplace for data and apps in the industry with over
36,000 unique visitors every month. Over the past year, Snowflake
Marketplace has increased providers with publicly discoverable
listings by 66 percent (year-over-year as of April 30, 2023), with
over 430 providers publicly discoverable (as of April 30, 2023) and
more collaborating privately. In addition, Snowflake’s network
effect measured by ‘stable edges’1 grew 84 percent (year-over-year
as of April 30, 2023), and more than 25 percent of Snowflake
customers have at least one stable edge (as of April 30, 2023).
Data content exclusively available in the Data Cloud on
Snowflake Marketplace is also expanding with Cybersyn, a
data-as-a-service company founded in 2022 by Coatue’s former head
of data science Alex Izydorczyk, providing proprietary economic
datasets for corporations, investors, and governments. Cybersyn has
also launched two Native Apps that enable customers to benchmark
eCommerce sales and acquisition performance and monitor the US
financial industry.
To effortlessly tap into this expanding library of data
offerings, Snowflake has introduced the Marketplace Capacity
Drawdown Program (general availability), enabling customers to
seamlessly buy data and Snowflake Native Apps with their Snowflake
Capacity commitment. By enabling committed Snowflake Capacity to be
used for Snowflake Marketplace purchases, organizations can now
shorten lengthy procurement and contracting cycles like vendor
onboarding, contract negotiations, and payment logistics. In
addition, Snowflake is unveiling new capabilities that make it
easier for customers to search and discover data through natural
language processing on Snowflake Marketplace (in development),
tapping into the power of generative AI to help all users connect
to the relevant data they need faster.
Snowflake also announced new innovations that extend data
programmability for data science, data engineering, and application
development; advancements to its single, unified platform; and more
at Snowflake Summit 2023.
Learn More:
- Learn more about Snowflake Native Apps.
- Browse Snowflake Native Apps directly on Snowflake
Marketplace.
- Build and deploy your first Snowflake Native App following this
quickstart guide.
- Learn what’s new for Snowflake Native Apps in this blog
post.
- Stay on top of the latest news and announcements from Snowflake
on LinkedIn and Twitter.
1 An "edge" is a data share between a Snowflake customer and a
data provider. A “stable edge” is an edge that has produced at
least 20 transactions in which compute resources are consumed and
such consumption results in recognized product revenue over two
successive three-week periods (with at least 20 transactions in
each period).
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.
© 2023 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, power data
applications, and execute diverse AI/ML and 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 590 of the 2022 Forbes
Global 2000 (G2K) as of April 30, 2023, 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/20230627551458/en/
Kaitlyn Hopkins Product PR Lead, Snowflake
press@snowflake.com
Snowflake (NYSE:SNOW)
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