Snowflake Enhances Apache Iceberg Support, Bridging Open Data and AI-Ready Performance

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On Wed, 9 Apr, 12:02 AM UTC

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Snowflake extends its core capabilities to Apache Iceberg tables, enabling organizations to leverage open-format data with enterprise-grade performance and security for AI and analytics workloads.

Snowflake Expands Apache Iceberg Support

Snowflake Inc., the AI Data Cloud company, has announced expanded support for Apache Iceberg tables, a fast-growing open-source table format. This move aims to provide organizations with the flexibility of open formats alongside Snowflake's renowned platform performance and data security 12.

Key Enhancements and Features

The integration extends Snowflake's core capabilities to Iceberg tables, including:

  1. Lakehouse Analytics: Customers can now use Snowflake's compute engine on Iceberg tables, with upcoming general availability for Search Optimization Service and Query Acceleration Service 34.

  2. Comprehensive Security & Governance: Snowflake brings its security controls to Iceberg tables, ensuring open lakehouse environments remain secure and compliant 34.

  3. Data Sharing: Snowflake's secure data sharing technology now extends to Iceberg tables, enabling seamless access, distribution, and monetization of data 34.

  4. Business Continuity: Snowflake is extending its data replication and synchronization capabilities to Iceberg tables (currently in private preview), enhancing disaster recovery options 13.

Impact on Enterprise AI and Analytics

This integration allows organizations to:

  • Run AI and analytical workloads directly on open-format data without data migration 1.
  • Simplify data management and reduce costs 1.
  • Accelerate open lakehouse strategies 4.
  • Preserve Snowflake's enterprise-grade performance and security while working with open formats 24.

Snowflake's Commitment to Open Source

Snowflake emphasized its investment in open standards and community-driven projects:

  • 35% of Snowflake's acquisitions over the past four years involved companies focused on open data technologies 24.
  • The company actively contributes to several open-source projects, including Apache Iceberg, Apache NiFi, Apache Polaris, Modin, Streamlit, and TruEra 24.

Customer Adoption and Benefits

Thousands of organizations, including Illumina, Komodo Health, Medidata, and WHOOP, are using Snowflake to activate open-format data for AI and analytics use cases 25.

Illumina reported unlocking flexibility and performance in managing manufacturing system data at scale using Apache Iceberg tables with Snowflake 5.

Market Position and Financial Performance

Snowflake, with a market cap of $43.7 billion, has shown strong financial performance:

  • 29% year-over-year revenue growth
  • 67% gross profit margin
  • Healthy current ratio of 1.78
  • More cash than debt on its balance sheet 5

Industry Analyst Perspectives

Analysts have provided mixed but generally positive outlooks on Snowflake's strategic direction:

  • Citi increased its price target to $235, projecting sustained 30% revenue growth 5.
  • Evercore ISI maintains an Outperform rating with a $230 price target 5.
  • Macquarie initiated coverage with a Neutral rating and a $160 price target, expressing some concerns about Snowflake's ability to capitalize on generative AI opportunities compared to larger competitors 5.

As Snowflake continues to innovate and strengthen its position in the open data and AI landscape, the company aims to provide customers with the best of both worlds: the flexibility of open formats and the power of enterprise-grade performance and security.

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