SAN MATEO, Calif., Nov. 6, 2018 /PRNewswire/ -- Snowflake Computing, the only data warehouse built for the cloud, today announced a rebate program to reward customers who use Snowflake Data Sharing with their external "data consumers" by reducing their monthly costs and potentially driving their Snowflake expense to zero. Snowflake Data Sharing, aka the Data Sharehouse, allows customers to share any part of their data among their internal business units, with their ecosystem of partners and customers, and with other external data consumers.
Qualified customers who use Snowflake Data Sharing will automatically be eligible for the rebate program beginning December 1. Snowflake customers, who share data as "data providers" with external organizations (data consumers), will automatically receive a credit rebate equal to 10 percent of their data consumers' usage when those consumers perform operations on a data provider's shared data inside Snowflake's data warehouse-as-a-service. Snowflake customers already get the most powerful, flexible and cost-effective data warehouse. Now they get additional savings, while securely sharing governed data in real time with qualified, third-party data consumers.
Snowflake Data Sharing is one of many innovations to support Snowflake's mission of enabling every organization to be data-driven. Other Snowflake innovations include instant elasticity, per-second pricing and multi-cloud availability. Modern data sharing functionality, which is uniquely available on Snowflake, allows organizations of any size to participate in the Data Economy via a data-sharing network enabled by Snowflake.
Snowflake customer Blackboard is a technology company that provides software, tools and services to educational institutions."Snowflake Data Sharing is having a profound effect on how we approach analytics for teaching, learning and institutional performance," Blackboard's Sr. Director of Software Engineering, Jason White said. "We're able to seamlessly share data across our organization and with our business partners and customers. The fact that we can do this in real time, without having to copy or move data sets, accelerates our business processes and makes us more agile and responsive."
Lacework, a Snowflake customer, delivers a cloud security platform that combines active cloud resource monitoring, advanced analytics and smart visualization. "With Snowflake Data Sharing, we're constantly innovating because we're able to easily forge data sharing relationships for the benefit of everyone involved," Lacework's Chief Product Officer, Dan Hubbard said. "The Lacework and Snowflake partnership based on data sharing is a true win-win experience for both Lacework and our customers."
Snowflake CEO Bob Muglia recognizes the benefits of the multitude of use cases The Data Sharehouse provides. "We're excited to offer our customers a truly unique data sharing experience that will revolutionize how organizations distribute, consume and even monetize data," Bob Muglia said. "Anyone using Snowflake can avoid the significant time, expense and frustration of complex traditional approaches to sharing data within and beyond the organization. The cost benefits of our new rebate program are additional incentives for customers to use Snowflake to become data-driven and participate in the Data Economy."
To learn more about how to unlock the potential of your data with modern data sharing, click here. To find out more about how the Snowflake Data Sharing Rebate Program works, click here. To view organizations that are already sharing data with other organizations, click here. To understand more how Snowflake customers benefit from Snowflake Data Sharing, click here to read a blog from Snowflake's Vice President of Product Marketing, Rob Smoot. To learn more about the future of the data economy, click here to read a blog from Snowflake Vice President, Customer and Product Strategy, Matthew Glickman.
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About Snowflake Computing
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.
SOURCE Snowflake Computing