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Monetize Your Data With the Snowflake Platform
Snowflake has announced a new data exchange allowing businesses to generate new revenue by exposing data through a secure and governed data exchange that is directly compatible with the Snowflake platform.
The exposed data, which is shared by this service, enables analytics and insight by merging and marrying this data with other data sets.
Customers of this data will not incur any storage fees except the fee to purchase the data. This makes it much more accessible to organizations that have a larger capital expense budget.
This move has been a long time coming. The first to create a platform to truly monetize data should be a very successful story. We were waiting for a company with enough history in this space to take the first step. With Snowflake’s cloud first model and its recent massive market penetration, this could be the start of something very big with data.
As buying data may well be considered a capital expense, can this data then be amortized over a time period for accounting purposes?
Check out SoftwareReview's Big Data Data Quadrant, Accessed August 20, 2019
IBM is changing the terms of its ubiquitous Passport Advantage agreement to remove entitled discounts on over 5,000 on-premises software products, resulting in an immediate price increase for IBM Software & Support (S&S) across its vast customer landscape.
PHEMI is a data privacy solution focused on keeping data-processing activities secure by redacting information based on the role of the accessor. Thus, allowing such data to be used for multiple use cases without compromising privacy.
Joining the ranks of giants such as Snap (Snapchat’s parent company), Microsoft and Tesla, Immuta the automated Data Governance company has been named to Fast Company’s 2020 list of the World’s 50 Most Innovative Companies.
Databricks has launched a new Data Ingestion Network, made up of partners whose integrations to Data Ingest provide hundreds of connectors and enable automation to move disparate data into Databricks’ new storage layer, eliminating the need to maintain siloed data in a data lake and data warehouse.
The EU plans to invest €6 billion to build a single European data space, reports EURACTIV. The envisioned space will house personal, business, and “high-quality industrial data” and create the infrastructure for data sharing and use across businesses and nations.
Microsoft claims its newly announced Azure Synapse Analytics service is four times faster than Amazon Redshift and 75 times faster than Google BigQuery. This announcement positions Microsoft as a leader in this market, but it is also likely to generate counterclaims from its competitors.
AWS Lake Formation makes it easier for users to set up and manage data lakes. But organizations will face challenges in determining how to derive value from their data lakes.
Tableau and AWS Expand Strategic Relationship to Bring Analytics in the Cloud Closer to Their Customers
Leading analytics player Tableau recently announced its new initiative – Modern Cloud Analytics (MCA) – which sees it partnering with Amazon Web Services Inc. (AWS) to make cloud-based analytics more achievable for their customers.
Cambridge Semantics enhanced its Anzo platform to enable data management and analytics over both structured and unstructured data, the firm announced in an August 22 press release.