by Angela Guess

According to a new press release, “Snowflake Computing, the only data warehouse built for the cloud, today announced its newest and most transformative innovation, extending the modern data warehouse to the world’s first data sharehouse. Snowflake continues to deliver on its founding vision of removing all technology barriers that prevent enterprises from acquiring complete insight from any and all available data. Now, any enterprise can share any part of its data warehouse, in a governed and secure way, with any other enterprise and without the delays, cost and friction of existing methods that provide only primitive mechanisms for data publishing, access and control. And unlike data consortiums, which can limit how organizations use data, Snowflake is a data market open to all organizations, removing another barrier that inhibits enterprises from accessing limitless data.”

The release continues, “Modern data sharing enables organizations to easily forge one-to-one, one-to-many and many-to-many relationships to share their data in new ways that generate revenue and insight. Here are just some of the many use cases: (1) Data sharing as a product – Share live data as a service so data consumers can enrich their own existing data. (2) Data sharing for business efficiencies – Share live data with business partners to optimize costs, streamline operations and better serve customers. (3) Data sharing to unite data silos – Acquire a single source of truth by sharing between hundreds of data silos across dozens of business units within a single enterprise. (4) Data sharing as a product differentiator – Any organization that generates data can provide additional value by offering its customers the ability to perform custom analytics on complete, live data.”

Read more at Marketwired.

Photo credit: Snowflake