Snowflake and Amazon Web Services
The announcement by Snowflake and Amazon Web Services (AWS) is a multi-year expansion of their partnership aimed at driving customer-focused innovation and growth across sales and marketing, product integrations, and industry solutions. Snowflake is a data cloud company, while AWS is a cloud computing services provider.
The partnership is focused on unlocking new value for customers and maximizing their data investments. The companies plan to deepen their product integrations, with a focus on machine learning, artificial intelligence, data governance, and streaming data. They also intend to develop industry solutions that cater to the needs of their biggest customers, expanding these tailored solution offerings to new industries to accelerate innovation.
Furthermore, the companies plan to increase their sales collaboration, driving strong field sales alignment and investing in strategic opportunities. They will also expand their marketing strategies, creating awareness and demand for joint industry solutions and product integrations. The companies are adding resources to further drive joint sales in the Americas, Europe, Asia Pacific, and Japan.
The partnership has led to the companies expanding their co-selling goals by 5x since calendar year 2020. Together, they are serving over 6,000 joint customers, including Fortune 500 organizations like Goldman Sachs. The data strategy of Goldman Sachs is tied to its open-source Legend platform and the Goldman Sachs Financial Cloud for Data. By leveraging the offerings of AWS for its cloud infrastructure and Snowflake for its integrated data platform and built-in governance, Goldman Sachs has built a reliable and secure technology stack that supports Legend, enabling the generation of transformational business insights, quickly and easily.
Snowflake Inc. is a cloud-based data warehousing company that provides a data platform for businesses to store, manage, and analyze their data. The company was founded in 2012 by Benoit Dageville, Thierry Cruanes, and Marcin Zukowski, and is headquartered in Bozeman, Montana, with additional offices in several other locations around the world.
Snowflake’s data platform is built on top of cloud infrastructure provided by companies like Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure. It enables businesses to store and manage vast amounts of data across multiple clouds, without the need for complex on-premises hardware and software.
The platform is designed to provide fast and secure access to data, with features such as automated data protection, continuous data replication, and high availability. Snowflake’s technology is also optimized for modern data analytics workloads, such as machine learning and artificial intelligence, and it supports a wide range of data types and sources.
Snowflake went public in September 2020, and its shares are listed on the New York Stock Exchange under the ticker symbol “SNOW”. The company has received numerous awards and recognitions for its technology and innovation, including being named a leader in Gartner’s Magic Quadrant for Cloud Database Management Systems.