Long gone are the days where consumers have to copy data, use APIs, or wait days, weeks and sometimes even months to gain access to datasets. With Snowflake Data Marketplace, analysts around the world are getting the information they need to make important decisions for their businesses in a blink of an eye and at the palm of their hands.
So what is it and how does it work?
The Snowflake Data Marketplace is essentially a home to a variety of live, ready-to-query data. It utilizes Snowflake Secure Data Sharing to connect providers of data with consumers, as of now providing access to 229 datasets. As a consumer, you can discover and access a variety of third-party data and have those datasets available directly in your Snowflake account to query. There is no need for transformation and joining it with your own data takes only a few minutes. If you need to use several different vendors for data sourcing, the Data Marketplace gives you one single location from where to get the data.
Why is this so amazing?
Companies can finally securely provide and consume live, governed data in real time without having to copy and move data. In the past, access to such information could take days, weeks, months, or even years. With the Data Marketplace, gaining access only takes a couple of minutes. Already over 2000 businesses have requested access to essential data sets available free of charge in our marketplace. This is a gold mine for anyone who desires data-driven decision-making access to live and ready-to-query data, and the best part is that it is globally available, across clouds.
There are many benefits for providers and consumers alike. There are three main points, however, that allow companies to unlock their true potential when using the Data Marketplace.
Source Data Faster and More Easily
- As we said above, using Snowflake Data Marketplace as a consumer allows users to avoid the risk and hassle of having to copy and move stale data. Instead, securely access live and governed shared data sets, and receive automatic updates in real time.
Monetize Your Own Data
- As a provider, you can create new revenue streams by joining Snowflake Data Marketplace to market your own governed data assets to potentially thousands of Snowflake data consumers.
Reduce Analytics Costs
- Using this service, both consumers and providers can virtually eliminate the costs and effort associated with the traditional ETL processes of data ingestion, data pipelines and transformation thanks to direct, secure, and governed access from your Snowflake account to live and ready-to-query shared data.
For more information, watch the video below or visit https://www.snowflake.com/data-marketplace/