New Snowflake CEO Sridhar Ramaswamy leads the discussion on the company's shift to an AI data cloud and application platform. The podcast delves into the evolution of data platforms into application platforms, compares Snowflake vs. Databricks strategies, explores market positions of data ecosystem players, analyzes the shift from compute to data infrastructure, and previews the Databricks Data Plus AI Summit.
Snowflake Summit 2024 marks the company's shift to an AI-driven data cloud under new CEO Sridhar Ramaswamy.
Snowflake aims to become the 'iPhone of data apps' by integrating analytics and data for domain-specific applications.
Deep dives
Snowflake Summit 2024: Expanding Aspirations
Snowflake Summit 2024 showcased Snowflake's evolution into an AI data cloud and a platform for intelligent data apps. The event marked a new chapter with CEO Sridhar Ramaswamy leading product innovation and expanding TAM. Snowflake's shift towards AI-driven solutions aims to provide value to enterprise customers and support ecosystem partners.
Data Cloud, AI Company, or Data App Platform?
Snowflake is evolving into a data application platform, integrating analytics and data to build domain-specific applications. The company aims to become the 'iPhone of data apps,' enabling a wide range of applications. This transition reflects a shift towards application platforms driven by analytics and data, with a focus on simplicity and application development.
Snowflake's Margin Model and Data Engineering Challenges
Snowflake faces challenges in rationalizing its margin model while competing with software-only data engineering offerings. The company aims to balance pricing strategies to maintain market share while ensuring profitability. Snowflake's integrated model offers a comprehensive platform for streaming, analytics, and data engineering.
Surface of Snowflake's Plumbing Work
Snowflake is leveraging years of underlying work towards features like data catalog, Snowflake Polaris, and horizon for governance. The platform's multi-cloud layer and advanced capabilities in data processing, analytics, and machine learning showcase a robust developer platform. Snowflake's marketplace partnerships and AI integration enhance user experiences and operational efficiencies.
In the latest Breaking Analysis, Dave Vellante, chief analyst at theCUBE Research, and George Gilbert, principal analyst at theCUBE Research, provided a detailed analysis of Snowflake's transformative journey and its future aspirations and gave some of their takeaways from Snowflake’s Data Could Summit. They discussed the company's shift from a scalable data warehouse to an AI-driven data cloud and application platform, emphasizing the strategic leadership of new CEO Sridhar Ramaswamy.
Follow theCUBE's live event coverage https://www.thecube.net/
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode