Systems | Development | Analytics | API | Testing

We’re excited to announce the general availability of the unstructured data management functionality in Snowflake. We launched public preview of this functionality in September 2021, and since then we have seen adoption by customers across industries for a variety of use cases. These use cases include storing and securing call center recordings, securely sharing PDF documents in Snowflake Data Marketplace, storing medical images and extracting data from them, and many more.

In 2022, retailers are still dealing with the lasting impacts of the global pandemic, including a decreased workforce, supply chain disruptions, and surging inflation. At the same time, now is the chance for a “long overdue great retail reset” that could promote stability and profitability, according to a recent Deloitte report.

Today’s organizations want stronger alignment between the cost of SaaS solutions and the value derived from these products. As a result, many software companies are looking at adopting consumption-based pricing models as an alternative to subscription models. With consumption-based models, customers only pay for what they use, and usage is tied directly to the value customers derive. Of course, consumption means software companies don’t experience revenue until customers use the solution.

We are excited to announce the integration of Tecton’s enterprise feature store and Feast, the popular open source feature store, with Snowflake. The integration, available in preview to all Snowflake customers on AWS, will enable data teams to securely and reliably store, process, and manage the complete lifecycle of machine learning (ML) features for production in Snowflake. Tecton allows data teams to define features as code using Python and SQL.

A new study from McKinsey warns that profit pools in the healthcare industry are likely to be flat due to the ongoing effects of the COVID-19 pandemic. To combat this stagnancy, the study identifies a number of opportunities for innovation in the industry.