Gartner Positions Snowflake as a Challenger in Magic Quadrant
February 27, 2019
Author: Ross Perez
The number of different metrics that enterprise SaaS providers must measure themselves against change and grow by the week. Most of those metrics are generated internally. To balance that mix, it’s crucial that SaaS providers undergo rigorous reviews from reputable and time-honored industry analysts.
For example, Gartner’s 2018 Magic Quadrant for Data Management Solutions for Analytics (DMSA) report* has named Snowflake as a Challenger. We feel this is a reflection of how revolutionary the built-for-the-cloud data warehouse is for our customers.
We believe Snowflake’s improved position on the Ability to Execute and Completeness of Vision axes of Gartner’s Magic Quadrant has been achieved by increasing our business and market presence, and delivering the technology and innovation our customers need.
It’s our assertion that this latest achievement for Snowflake further reveals that our cloud-built data warehouse continues to challenge the legacy providers in the data warehousing industry, and continues to serve the current and future needs of the data-driven enterprise.
Snowflake continues to achieve great things and our internal metrics reveal that. We at Snowflake are dedicated to serving our customers to the best of our abilities, which encompass our number one company value: Put the customer first.
In addition, Snowflake has recently received its largest amount of growth funding of $263 million, advancing our company valuation to $1.5 billion – another indicator from outside of Snowflake, from the venture capital community, that Snowflake continues to enable the data economy.
But there is much more work to do. Many barriers still exist for enterprises to access all of their data, and to share live, secure and governed data between themselves and their business partners. We’re keen to remove these barriers on a global scale with one of our latest features, Snowflake Data Sharing.
In addition, Snowflake Data Sharing enables enterprises to transform their data into a business asset. Snowflake customers can now monetize and easily share data, creating new market opportunities that were previously unforeseen. They can also benefit from data shared with them to enhance their products and services, lead their industries and streamline their operations.
Gartner’s DMSA report is a welcomed evaluation of Snowflake’s continued pursuit to innovative solutions that enterprises need in order to get all the insight from all their data. We are challenging the large, legacy data warehouse vendors but they are not our primary focus. Instead, we’re targeting the evolving needs of our customers, who must be the true winners in all of this.
*Gartner “Magic Quadrant for Data Management Analytics Solutions” by Adam Ronthal, Roxane Edjlali, Rick Greenwald, and Donald Feinberg. February 2, 2018.
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