In today’s fast-paced business environment, data is more valuable than ever. Companies are looking for ways to extract meaningful insights from their data to gain a competitive edge. To do so, they need a robust data warehousing solution that can support their data analytics needs.
Recently, our Founder and CTO, Pete Millington, attended the Snowflake “Data for Breakfast” event in Boston. The event provided insights into the latest trends and developments in the data warehousing and data analytics space. One of the most interesting themes that emerged from the event was the widespread adoption of Snowflake by firms across all industries.
Companies are migrating their datastores from on-premise, legacy database platforms to Snowflake. According to Snowflake, this move has resulted in a more than 20% reduction in the average cost of warehouse queries for customers over the last three years. This adoption is driven by Snowflake’s powerful seven-pillar model that delivers database consolidation, multi-language data analysis tools, easy backup/restore, compute and data controls, and robust security and data governance features.
The adoption of Snowflake is great news for us at Scientific Financial Systems. We are excited to be part of Snowflake’s partnership program and bring the new joint capabilities of our two firms to the investment industry.
In particular, Snowflake is releasing a robust “native application” platform that will allow users of our “Quotient” application to easily deploy advanced, value-added investment analytics and workflows, and co-locate their computations where their financial data resides. This will enable us to provide even more robust investment analytics and workflow capabilities to our clients.
At Scientific Financial Systems, we understand the importance of data-driven insights that provide new investment opportunities to the investment industry. Our “Quotient” application provides a comprehensive suite of investment analytics and workflow capabilities that enable our clients to extract valuable insights from their data to deliver differentiated investment strategies. The integration with Snowflake’s powerful data warehousing solution will allow us to take our capabilities to the next level.
In conclusion, we are thrilled to be part of Snowflake’s partnership program and excited about the joint capabilities that our two firms will bring to the investment industry. Stay tuned for more exciting updates from Scientific Financial Systems!
