Snowflake Announces Data Exchange to Break Down Data Barriers
SAN FRANCISCO. June 4, 2019 — Snowflake, the only data warehouse built for the cloud, today announced an all-new shared data experience, the Snowflake Data Exchange, at Snowflake Summit, the company’s inaugural user conference. The Snowflake Data Exchange marks the next step in the widespread use of data as a business asset empowering a Data Nation through its secure, cloud-built data warehouse. The Snowflake Data Exchange empowers organizations by breaking down barriers to data access and is currently available in private preview, with public preview set to launch later this year.
The Snowflake Data Exchange is a free-to-join marketplace that enables Snowflake customers to connect with data from data providers to seamlessly discover, access and generate insights from the data. Unlike traditional data transfer done via APIs or extracting data to cloud storage, the Data Exchange improves control and security of exchanging data, and makes the integration and query of the data seamless.
Snowflake customers will be able to easily access the Snowflake Data Exchange from their Snowflake account and browse a data catalog to discover and securely access real-time data that they can join with their existing data sets in Snowflake. Customers of the Data Exchange will not incur any data storage fees related to accessing the provider-hosted data.
Data providers can share live data in a fully-governed way and promote their data services to 1,500+ Snowflake customers to create new revenue streams. They can make the data available to all or to specific customers without creating copies of the data. Customers can discover new data or get their own data from data providers they already work with.
Weather Source, a data provider on the Snowflake Data Exchange, is on a mission to make hyper-local weather and climate data accessible around the globe and across industries. With the Snowflake Data Exchange, Weather Source can now deliver real-time access to weather datasets to Snowflake customers, powering crucial business decisions.
“The Snowflake Data Exchange is a disruptive new technology that will redefine how companies acquire, leverage and monetize data to power their businesses,” said Weather Source CEO, Mark Gibbas. “Weather Source is thrilled to be one of the first companies making its data available on this exciting new marketplaceand to lower the barriers of access to a continuum of global Past, Present and Forecast weather & climate data that is instantly usable.”
“The Snowflake Data Exchange allows our customers to interchange data in a secure, innovative and friction-free way,” said Snowflake CEO, Frank Slootman. “Our customers are looking for ways to leverage and monetize their data. Snowflake is uniquely positioned to facilitate secure data sharing between all types of organizations because of our built-for-the-cloud architecture.”
About Snowflake Inc.
Snowflake is the only data warehouse built for the cloud, enabling the data-driven enterprise with 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. Snowflake: Your data, no limits. Find out more at snowflake.com.