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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Snowflake Inc | NYSE:SNOW | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
2.79 | 1.70% | 167.00 | 168.94 | 161.55 | 162.07 | 5,304,358 | 00:53:37 |
Snowflake (NYSE: SNOW), the Data Cloud Company, today announced the general availability of Snowflake Data Clean Rooms to customers in AWS East, AWS West, and Azure West, revolutionizing how enterprises of all sizes can securely share data and collaborate in a privacy-preserving manner to achieve high value business outcomes in the Data Cloud. The general availability follows Snowflake’s acquisition of data clean room technology provider Samooha, which was named one of the most innovative data science companies of 2024 by Fast Company. Samooha is now integrated into the Data Cloud and enhanced by the unified set of compliance, security, privacy, interoperability, and access capabilities of Snowflake Horizon.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240328368890/en/
Snowflake Revolutionizes Secure, Cross-Cloud Collaboration for High Value Business Outcomes with Snowflake Data Clean Rooms (Graphic: Business Wire)
Businesses across industries need solutions to navigate the complexities of sharing sensitive data with external partners and customers, while maintaining data privacy and security. Data clean rooms have emerged as the technology to meet this need, enabling interoperability where multiple parties can collaborate on and analyze sensitive data in a governed way, without exposing direct access to the underlying data. Until now, data clean room technology was generally deployed by large organizations with access to technical data privacy experts.
Enterprises of any size can now quickly deploy a cross-cloud data clean room with Snowflake Data Clean Rooms, available as a Snowflake Native App. Organizations can unlock new business value from data across sources, all within the governance, security, and privacy parameters of Snowflake.
Snowflake Data Clean Rooms allow customers to:
“Data Clean Rooms have become a staple across industries in the face of third-party cookie deprecation and Snowflake is uniquely positioned to help marketers across the ecosystem realize the benefits of secure, cloud-agnostic data collaboration,” said Kamakshi Sivaramakrishnan, Samooha Co-Founder and Snowflake Data Clean Rooms Director of Product Management. “Snowflake Data Clean Rooms allow customers to unlock high value business outcomes with their data, all while ensuring data stays private and secure.”
Data clean rooms have been initially adopted by media and entertainment companies as a way to provide personalized experiences and services for their customers especially given the evolving technology and regulatory privacy context. The technology continues to gain traction in other highly regulated industries like financial services and healthcare for secure collaboration on highly sensitive data.
Customers across industries are already using Snowflake's platform for secure data collaboration and, with the introduction of Snowflake Data Clean Rooms, will now have access to additional privacy and governance capabilities.
Learn More:
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 691 of the 2023 Forbes Global 2000 (G2K) as of January 31, 2024, 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/20240328368890/en/
Media: Olivia Kealey Customer & Industries PR Lead, Snowflake press@snowflake.com
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