Las Vegas, October 27th / PRNewswire / -- On Oracle AI World, Oracle and Snowflake ( NYSE : SNOW ) announced that Snowflake AI Data Cloud will be provided as a native first-party service on Oracle Cloud Infrastructure ( OCI ), further expanding the Oracle capabilities in terms of services and data offered to help enterprises accelerate their AI projects.
Oracle indicates that by incorporating Snowflake into its product portfolio, which includes infrastructure, AI, data, and application services, the company will provide customers with greater flexibility to leverage corporate data and drive innovation driven by AI. Customers will be able to purchase and activate this service directly through Oracle, and enjoy simplified pricing and billing, while also being able to utilize Oracle Universal Credits.
Oracle CEO Clay Magouyrk stated: "Companies are looking for faster, simpler ways to transform their data into business value using AI. By making Snowflake available as a native service of OCI, we provide our customers with more usable AI and data capabilities, while also simplifying the way they deploy, manage, and pay for these services. This is another way Oracle helps customers accelerate their AI projects and turn innovation into measurable business results."
According to Oracle, the company helps organizations unlock the value of enterprise data through an integrated cloud infrastructure, AI, database, and enterprise application combination. With critical business data managed in Oracle AI Database, Oracle Autonomous AI Database, Oracle Fusion Cloud Applications, Oracle NetSuite, and other Oracle services, customers can leverage OCI's continuously expanding AI and data capability ecosystem to support their business priorities. Providing Snowflake as a native service of OCI will further enhance Oracle's ability to assist customers in accelerating enterprise AI projects and delivering business value more swiftly.
Snowflake CEO Sridhar Ramaswamy stated: " AI has significantly reduced the gap between corporate data and real business value. Snowflake is delighted to be a flagship AI data platform partner operating within Oracle Cloud Infrastructure, providing joint customers with the capability to transform their Oracle data assets into a AI ready foundation, equipped with governance and security features, in order to confidently advance on a large scale."
Customers will be able to directly purchase, activate, and use Snowflake on OCI through Oracle. Oracle will be responsible for pricing, discounts, and billing, providing a single commercial relationship for this service. Customers can also use Oracle Universal Credits to consume Snowflake on OCI, thereby simplifying the procurement process and helping them make use of their existing cloud commitments.
The services provided by Snowflake on OCI aim to help organizations extract more value from their corporate data in four key ways:
- Expand the capabilities of Snowflake and AI to Oracle Cloud: Help Oracle customers bring the analysis and capabilities of Snowflake and AI closer to their key business enterprise data. The supported data sources include databases such as Oracle Fusion Cloud Applications, Oracle NetSuite, Oracle Autonomous AI Database, MySQL HeatWave, and Oracle NoSQL.
- Accelerated analysis and enterprise AI: Achieve native data transfer through supported integrations, reduce the need for custom pipelines, and speed up the use of enterprise data for reporting, data engineering, machine learning, and AI insights.
- Maintain data security and customer control: Aimed at helping customers use Snowflake on OCI, while maintaining control over data access, usage, and governance.
- Reduce outbound costs: Enable seamless data movement within OCI, helping customers access enterprise data faster while reducing cross-cloud data movement and related outbound costs.
Customers will be able to directly purchase and use Snowflake on OCI through Oracle, and enjoy unified pricing and billing. Customers can also use Oracle Universal Credits for Snowflake to make it easier to take advantage of existing cloud commitments.
Supplementary information
- Learn more about Oracle Cloud Infrastructure.
- Learn more about Oracle Multicloud.
- Learn more about Snowflake on OCI through the blog of Snowflake.
About Oracle
Oracle provides integrated application suites as well as the secure, autonomous infrastructure mentioned in Oracle Cloud. For more information about Oracle ( NYSE : ORCL ), please visit oracle.com.
About Snowflake
Snowflake is a platform from the AI era that helps enterprises innovate more quickly and extract greater value from data. Over 14,500 customers worldwide, including hundreds of the largest companies in the world, use Snowflake's AI Data Cloud to build, utilize, and share data, applications, and AI. With the help of Snowflake, data and AI can bring about transformation for everyone. For more information, please visit snowflake.com ( NYSE : SNOW ).
About Oracle AI World
Oracle AI World is an event where customers and partners can learn about the latest product and technological innovations, see how AI can be applied across industries, and engage in discussions with experts and peers. Attendees will receive practical advice and insights that can have an immediate impact within their organizations, and explore how Oracle can help unleash the full potential of AI. Register for oracle.com / ai-world, or follow the news and discussions through oracle.com / news and linkedin.com / company / oracle.
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