How Snowflake Is Capitalizing on a Blizzard of Data
Snowflake (NYSE: SNOW) is redefining how businesses retrieve their data. The company has broken traditional storage barriers by diminishing the importance of where data is stored. With Snowflake, large enterprises are able to access their data easier than ever before. Snowflake has the ability to capitalize on the vast amounts of data being generated for many years -- and investing in Snowflake today could allow investors to benefit from it.
Snowflake is a cloud-based data manager where enterprises can store raw data they receive now, and come back to it in the future. Think of the data as holiday decorations. Buying Halloween decorations makes sense during October, but at other points in the year, they are less useful. Snowflake is in the business of storing these decorations -- or raw data -- until it is needed most.
Image source: Getty Images.
Source Fool.com
