SAN MATEO, Calif., Dec. 5, 2017 /PRNewswire/ -- Snowflake
Computing, the only data warehouse built for the cloud, today
announced that Overstock.com, Inc. (NASDAQ:OSTK) chose
Snowflake to augment and scale its data science initiatives.
Snowflake enables Overstock, one of the world's premier home goods
and furnishings retailers, to fast-track highly impactful data
science projects to deliver on its brand promise of using
technology to help customers find just what they want, for less.
Overstock joins fellow online retailers Rue La La and Rent the
Runway in leveraging Snowflake's modern, cloud-built data
warehouse.
"A common meme in the data science world is that data scientists
spend 80 percent of their time prepping data and 20 percent of
their time building models. We wanted to flip that ratio,"
Overstock Vice President of Product and Analytics Joe Kambeitz said. "A key part of that
initiative is investing in the right tools for our data scientists,
and Snowflake is that solution when it comes to allowing data
scientists to rapidly scale and deploy their workloads."
Overstock uses Snowflake's cloud-built data warehouse to easily
load and integrate structured and semi-structured data in one place
for quick and powerful analysis. Snowflake's cloning and time
travel capabilities allow Overstock's data scientists to
independently and simultaneously work on their own golden data set.
The platform's elastic compute and linear scaling capabilities
enable unlimited parallelism and unmatched performance, allowing
Overstock's data scientists to move faster than ever. Packaging
complex features for new data science models now occurs within
hours or days, compared to the weeks it could take before
partnering with Snowflake.
"Everything we do is about understanding our customers better in
order to deliver the best possible shopping experience," Overstock
Senior Vice President of Marketing JP Knab said. "Data has always
been the frontier in e-commerce and we need to leverage data faster
to deliver optimal customer experiences. With Snowflake, activities
that required months of hardware and pipeline implementation now
occur instantly by simply spinning up a new cluster."
Snowflake CEO Bob Muglia said:
"E-commerce companies sit on massive troves of data. The
successful, customer-centric businesses transform that data into
meaningful and actionable insight to make informed business
decisions. Overstock has stockpiled nearly 20 years of data,
requiring a modern cloud data warehouse solution that enables its
data science team to work quickly and uncover insights and trends
across all of that data."
Resources
- Snowflake Computing: snowflake.net
- Snowflake Twitter: twitter.com/SnowflakeDB
- LinkedIn: linkedin.com/company/snowflake-computing
- YouTube: https://www.youtube.com/user/snowflakecomputing
- Google+: http://goo.gl/WQbQp2
- Snowflake is hiring:
http://www.snowflake.net/about/careers/
About Overstock
Overstock.com, Inc. Common Shares
(NASDAQ:OSTK) / Series A Preferred (Medici Ventures' t0 platform :
OSTKP) / Series B Preferred (OTCQB:OSTBP) is an online retailer
based in Salt Lake City, Utah that
sells a broad range of products at low prices, including furniture,
décor, rugs, bedding, and home improvement. In addition to home
goods, Overstock.com offers a variety of products including
jewelry, electronics, apparel, and more, as well as a marketplace
providing customers access to hundreds of thousands of products
from third-party sellers. Worldstock.com is a store within
Overstock dedicated to selling artisan-crafted products from around
the world. Forbes ranked Overstock in its list of the Top 100 Most
Trustworthy Companies in 2014. Overstock regularly posts
information about the company and other related matters under
Investor Relations on its website, http://www.overstock.com.
About Snowflake Computing
Snowflake is the only data
warehouse built for the cloud. Snowflake delivers the performance,
concurrency and simplicity needed to store and analyze all data
available to an organization in one location. Snowflake's
technology combines the power of data warehousing, the flexibility
of big data platforms, the elasticity of the cloud, and live data
sharing at a fraction of the cost of traditional solutions.
Snowflake: Your data, no limits. Find out more at
snowflake.net.
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SOURCE Snowflake Computing