According to a recent press release, “Snowflake Computing today announced the results of a Harvard Business Review Analytic Services study: ‘An Inflection Point for the Data-Driven Enterprise’. The study reveals significant gaps between what enterprises want to implement and what they have actually accomplished with modern data sharing and advanced analytics. In essence, only a small percentage of enterprises surveyed are truly data-driven. Only 5 percent of survey respondents believe that their organizations are very effective at implementing modern data sharing, while 67 percent want to move towards that approach. With modern data sharing, data doesn’t physically move. Instead, data is shared in a secure and governed way in real time by easily creating access to read-only copies of the data between any combination of organizations consisting of ‘data providers’ and ‘data consumers’. This creates unlimited opportunities for organizations to integrate shared data with their own data, giving them a level of insight previously unavailable to them.”

The release goes on, “Organizations that use traditional methods endure high costs, lengthy delays and avoidable risks only to share static copies of stale data. This limits how and with whom they can share data: 29 percent share data within functional groups or business units; 21 percent share data across business units within an organization; 15 percent share data externally with key vendors/suppliers; 14 percent share data externally with partners outside their industry.”

Read more at Snowflake.com.

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