Data has become technology's most precious resource. It's even been said that data is the oil of the 21st century. Yes, data plays a critical role in developing artificial intelligence (AI) models, but its purpose goes far beyond that. Data helps companies better understand their customers. It helps manufacturers improve their supply chains.

There are endless applications for data, and the companies that do it best have a leg up on the field. However, data by itself can be messy and unusable. It's up to companies like Palantir Technologies (NYSE: PLTR) and Snowflake (NYSE: SNOW) to help organizations analyze and apply their data.

These two companies serve different purposes, but which stock is better to buy today and hold for the future? That's a complicated question, but there is an answer.

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Source Fool.com