According to a new press release, “Snowflake, the Cloud Data Platform, today announced the launch of the Snowflake Private Data Exchange™, a centralized and internally managed data hub that enables organizations to privately share data sets with a select group of people within their chosen ecosystem for collaborative, real-time, informed decision making. ‘The Snowflake Private Data Exchange represents the future of managing and sharing data broadly and securely inside enterprise and institutional boundaries,’ Snowflake CEO, Frank Slootman said. ‘The data exchange model will become the deployment standard for exploring, discovering and sharing data enterprise-wide’.”

The release continues, “Snowflake first announced The Snowflake Data Exchange™, a public marketplace built on Snowflake’s secure data sharing technology in June, 2019 at Snowflake Summit, Snowflake’s annual user conference. The Snowflake Data Exchange enables Snowflake data consumers to seamlessly discover, access and generate insights from data publicly listed by Snowflake data providers. The new Snowflake Private Data Exchange enables organizations to create their own branded internal or private ecosystem version of a data marketplace with complete control over what data assets are listed and who has access to them. While other data exchanges provide access to third-party data, the Snowflake Private Data Exchange is the only platform that enables customers to securely and privately access real-time second-party and alternative data sources on a large scale.”

Read more at Business Wire.

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