According to a recent press release, “Snowflake, the data warehouse built for the cloud, today announced an all-new shared data experience, the Snowflake Data Exchange, at Snowflake Summit, the company’s inaugural user conference. The Data Exchange is a free-to-join marketplace that enables Snowflake customers to connect with data from providers to seamlessly discover, access and generate insights from data. The technology marks the next step in the widespread use of data as a business asset by breaking down barriers through Snowflake’s secure, cloud-built data warehouse. The Data Exchange is currently available in private preview, with public preview set to launch later this year.”

The release goes on, “Unlike traditional data transfer done via APIs or extracting data to cloud storage, the Data Exchange improves control and security related to exchanging data, and makes the integration and query of data seamless. Customers will be able to connect with the Data Exchange easily from their Snowflake account and browse a data catalog to discover and securely access real-time data that they can join with their existing data sets in Snowflake. Customers of the Data Exchange will not incur any data storage fees related to accessing the provider-hosted data. Data providers can create new revenue streams by sharing live data in a fully-governed way and promote their data services to more than 2,000 Snowflake customers. Providers can make the data available to all or to specific customers without creating copies of the data.”

Read more at PR Newswire.

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