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Snowflake Expands Data Exchange Offering With Snowflake Private Data Exchange™ to Break Down Internal Data Barriers

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Forrester Research reports that 90% of global data and analytics decision makers are making it a priority to improve the use of data and analytics insights in their business1

SAN MATEO, Calif.–(BUSINESS WIRE)–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.”

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.

Key benefits of the Snowflake Private Data Exchange include:

  • Centralized place for business analytics and data science teams to browse and access data in a secure and curated environment.
  • Improved data integrity, increased security and shortened time-to-insights without the burdens of ETL processes and associated costs.
  • Direct access from the customer’s Snowflake account with the option to invite others to become data providers and data consumers.
  • Secure bi-directional data interchange with third-party vendors to help augment internal datasets.
  • Ability to monetize data sets through securely sharing them with customers for a fee.

Organizations can also use the Snowflake Private Data Exchange to evaluate new data assets within their data ecosystem or with the option of “tunneling” in data assets from the Snowflake Public Data Exchange. Coatue, a technology sector hedge fund, is planning to use the Snowflake Private Data Exchange as a tool to explore new data assets in a private “data store” where they are the only consumer.

“At Coatue, we understand the role data plays in smart investing and we aim to be at the leading edge of data management,” Coatue Co-Founder and Senior Managing Director, Thomas Laffont said. “The Snowflake Private Data Exchange blazes a trail for how data will be organized, discovered, augmented and accessed in the future. It eliminates traditional data boundaries and enables real time, frictionless data sharing that will yield key benefits for our ongoing data investments.”

Other types of organizations, such as the data-driven marketing business Wunderman Data, plan to use the Snowflake Private Data Exchange to expand the reach of their ecosystem of data products to partners, customers and internal business units in an environment offering secure collaboration across their most critical data.

“The Snowflake Private Data Exchange provides a tremendous step forward in meeting the needs of enterprises to effectively connect data while maintaining control, security and compliance,” said Martin Smith, GM of Digital and Data, Wunderman Thompson Data. “We are excited that Snowflake’s continued innovation in this area addresses the wider enablement of data within and across enterprises.”

Cerberus Technology Solutions, the technology operating company and subsidiary of Cerberus Capital Management is focused exclusively on leveraging emerging technology, data and advanced analytics to drive transformations. Cerberus plans to use the Snowflake Private Data Exchange to give the business a leading edge in the Private Equity industry.

“Success in the private equity industry requires being at the forefront of technology and timely data insights are a big part of that,” Cerberus Technology Solutions Chief Technology Officer, Michael Aguiling said. “We’ll be using the Snowflake Private Data Exchange to empower our business and Cerberus affiliates with the ability to share, collaborate and build various proprietary datasets securely, in real-time. Snowflake’s technology will transform the way Cerberus and its affiliates do business, realize new sources of revenue and deliver value to our customers.”

Financial institutions and other data-forward organizations across industries are especially positioned to leverage the benefits of the Snowflake Private Data Exchange with their growing interest in making informed business decisions bolstered by high quality, real-time data.

Learn more about the Snowflake Private Data Exchange.

Resources

About Snowflake

Snowflake’s cloud data platform shatters the barriers that have prevented organizations of all sizes from unleashing the true value from their data. More than 2,000 customers deploy Snowflake to advance their businesses beyond what was once possible by deriving all the insights from all their data by all their business users. Snowflake equips organizations with a single, integrated platform that offers the only data warehouse built for the cloud; instant, secure and governed access to their entire network of data; and a core architecture to enable many types of data workloads, including a single platform for developing modern data applications. Snowflake: Data without limits. Find out more at Snowflake.com.


1 “Determine Your Data’s Worth: Data Plus Use Equals Value”, Forrester Research, February 2019

Contacts

Danica Stanczak

Snowflake PR Manager

press@snowflake.com

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

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Business Wire

Shortages of Low-Skill, Middle-Skill, and High-Skill Workers Causing Revenue Declines and Other Headaches for Employers, TrueBlue’s Latest Study Finds

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TACOMA, Wash.–(BUSINESS WIRE)–While there has been a lot of discourse around the shortage of high-skill workers in the U.S., a new study by staffing giant TrueBlue shows a significant percentage of employers are also struggling with deficits in low-skill and middle-skill workers – and dealing with a host of business challenges as a result.

According to TrueBlue’s nationwide survey, which included nearly 1,500 managers (HR, operational, and business), skills shortages are widening across skills categories:

  • 32% of managers can’t find workers to fill low-skill positions (generally classified as those that may or may not require a high school diploma and require little to no experience)
  • 46% can’t find workers for middle-skill jobs (typically require some experience and continuing education such as college courses, an apprenticeship or certification, but don’t necessarily require a four-year college degree)
  • 35% can’t find workers for high-skill jobs (typically require a four-year degree or higher and specialized experience)

Low unemployment coupled with globalization, accelerated technology advancement, and evolving work models are creating talent deficits across all skill levels within organizations,” said Patrick Beharelle, CEO of TrueBlue. “The skills supply is not keeping up with demand, which is fueling a greater intensity in an already competitive labor market and adversely impacting productivity, service quality, and revenue growth for businesses.”

Impact of Talent Shortages on Businesses

The top three business challenges managers are experiencing due to prolonged job vacancies within their organizations include:

  • Quality – More than a third of managers (35%) reported that extended job vacancies have caused lower product or service quality.
  • Turnover – 25% have seen higher employee turnover.
  • Revenue – 23% said their companies experienced a decline in revenue.

To address talent shortages and minimize associated business impact, 2 in 5 companies (41 percent) reported that they plan to raise compensation for entry-level workers and nearly half (46 percent) plan to train and hire the long-term unemployed in the coming year.

Survey Methodology

This SurveyMonkey survey was conducted online in the U.S. by TrueBlue between September 23 and October 15, 2019. It included 1,499 managers (HR, operations and general). The survey was across regions, industries, and company sizes.

About TrueBlue

TrueBlue (NYSE: TBI) is a global leader in specialized workforce solutions that help clients achieve business growth and improve productivity. In 2018, the company connected approximately 730,000 people with work. TrueBlue’s PeopleReady segment offers on-demand industrial staffing services, PeopleManagement offers contingent and productivity-based, on-site industrial staffing and driver staffing services, and PeopleScout offers recruitment process outsourcing (RPO) and managed service provider (MSP) solutions to a wide variety of industries. Learn more at www.trueblue.com.

Contacts

Jennifer Grasz

Vice President, Corporate Communications

jgrasz@trueblue.com
(312) 840-6327

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Business Wire

Law Firm of Estey & Bomberger Reports: Uber Says Nearly 6,000 Rapes, Sexual Assaults Occurred in Two-year Period

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SAN DIEGO–(BUSINESS WIRE)–The law firm of Estey & Bomberger reported today that Uber’s long-awaited sexual assault report was released Dec. 5, with the ride-hailing company admitting that 5,981* passengers and drivers were raped or sexually assaulted between 2017-2018.

“I applaud Uber for releasing the data that acknowledges there is a problem with sexual assaults occurring in rideshare. While we believe these assaults were preventable, Uber’s report represents a tremendous step for ride-hailing safety,” said Estey & Bomberger attorney Mike Bomberger. “I think there are many positive measures Uber is taking. However, Uber still has an obligation to help the victims who have been raped and assaulted and facing a lifetime of emotional pain. They will need ongoing therapy.”

Estey & Bomberger represents more than 100 ride-hailing sexual assault victims.

“It’s important to remember when reading this report that only one in three women report their sexual assault,” Bomberger said. “Therefore, the number of women who have been sexually assaulted is certainly much higher than reported here.”

Bomberger reiterated his call for all ride-hailing trips to be digitally recorded.

“We’re pleased that Uber is now testing cameras in Texas. That’s the real solution to this problem – if drivers know they’re being recorded they won’t rape and assault,” Bomberger said.

Estey & Bomberger is asking Lyft and Uber sexual assault victims, along with former employees of the ride-sharing firms, to contact its office by calling 866-964-1708 or emailing info@lyftsexualassaultlawyers.com.

*statistic courtesy NPR “Uber Received Nearly 6,000 U.S. Sexual Assault Claims in Past 2 Years,” Dec. 5, 2019.

Contacts

for Estey & Bomberger

Ed Vasquez, 408-420-6558

ed@ejvcommunications.com

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Business Wire

Best’s Market Segment Report: AM Best Maintains Global Reinsurance Market Outlook at Stable

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OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has maintained a market segment outlook of stable on the global reinsurance industry for 2020, citing a stabilized pricing environment — albeit at levels below long-term adequacy — the continuing alignment between traditional and third-party capital and ongoing stability in the global life reinsurance segment.

A new Best’s Market Segment Report, titled, “Market Segment Outlook: Global Reinsurance,” states that although rates in the non-life reinsurance market have improved modestly, pricing has not kept adequate pace with the changing risk dynamics, as illustrated by loss development from events such as hurricanes Irma and Maria and Typhoon Jebi, and potential losses from more-recent events (e.g., Hurricane Dorian). Property catastrophe pricing still is being driven by the availability of third-party capital; however, the increasing interdependence between traditional capacity and third-party capital through joint ventures, retrocession and direct ownership should serve to more closely align return objectives for the market overall. Third-party capital also represents a benefit in the form of stabilized earnings of rated balance sheets, due to tail risk being assumed by this capital.

Overall market conditions are improving, but AM Best remains concerned about insufficient rate adequacy relating to certain U.S. casualty lines, a steady decline in the benefit of favorable reserve releases and the pervasive low interest rate environment. The collective effect of these factors requires underwriting discipline, and failure to react to these pressures could adversely affect the segment.

The report outlines other factors that are driving the stable market segment outlook, including:

  • AM Best believes alternative third-party capital will hold the line on future return expectations following the recent heavy catastrophe loss years;
  • A decline in capital consumption and earnings volatility, due in part to the increased utilization of third-party capital in retrocessionaire programs;
  • Greater emphasis on underwriting discipline due to pressure on interest rates and potential slower economic growth globally;
  • Improving pricing momentum driven by higher loss costs, coupled with lower loss reserve redundancies;
  • Increased demand for non-life reinsurance due to primary companies’ recent loss experience, as well as new risk transfer opportunities and mergers and acquisitions;
  • Stable operating performance among life reinsurers, which continue to maintain defensible market positions and offer services beyond risk transfer that create hurdles for new entrants.

To access the full copy of the overall global reinsurance briefing, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=292334.

Separate briefings on the non-life and life reinsurance segments can be viewed at:

To view a video with AM Best Associate Director Scott Mangan about the global reinsurance market segment outlook, please visit http://www.ambest.com/v.asp?v=globalreoutlook1219.

AM Best is a global credit rating agency, news publisher and data provider specializing in the insurance industry. The company does business in more than 100 countries. Headquartered in Oldwick, NJ, AM Best has offices in cities around the world, including London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2019 by A.M. Best Company, Inc. and/or its affiliates.

ALL RIGHTS RESERVED.

Contacts

Robert DeRose
Senior Director
+1 908 439 2200, ext. 5435
robert.derose@ambest.com

Greg Carter
Managing Director
+44 20 7397 0288
greg.carter@ambest.com

Michael Porcelli, FSA
Director
+1 908 439 2200, ext. 5548
michael.porcelli@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

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