Mike Scarpelli, CFO of global data cloud company Snowflake, who visited Korea, stated, “We will support increasing the productivity of AI technology with a data cloud platform.”

Snowflake announced on the 20th that it held an Executive Roundtable customer seminar at the Sofitel Ambassador on the 13th, inviting executives from major Korean companies.

At the event, CFO Mike Scarpelli, APJ Sales Director Jon Robertson, and Snowflake Senior Product Director Chris Child shared data and AI strategies and outlooks.

In addition, at the event, Snowflake Korea President Ki-Young Choi and Deloitte Korea Executive Vice President Woo-Sung Kim, along with client companies such as CJ Freshway, BC Card, and LG Uplus, participated as speakers to share insights and experiences regarding data and generative AI.

CFO Mike Scarpelli explained Snowflake's efforts to accelerate AI support, including the acquisition of AI search engine Neeva and a partnership with AI solution provider Mistral AI.

He said, “Strategic mergers and acquisitions“Through timely investment, we have been able to provide customers with a democratized AI experience,” he said. “We hope that customers will leverage AI and LLM on the secure and governance-assured Snowflake platform to build applications easily and cost-effectively, and create innovative AI success stories based on this.”

Chris Child, Senior Director, said regarding Streamlit, a data app development platform acquired in 2023, “Streamlit enables customers to quickly gain meaningful insights through data analysis and easily develop full-stack AI apps by leveraging conversational application building capabilities. In this way, Snowflake supports the more effective utilization of integrated data and the creation of new business models.”

In a presentation on the topic of "Enterprise Data Management Strategies in the AI Era," Kim Woo-sung, Managing Director at Deloitte Korea, explained, "To better utilize generative AI with unrefined data, one must select a flexible data platform equipped with system requirements capable of integration, analysis, management and standardization, and governance establishment," adding, "Snowflake is a data platform company that meets all four requirements."

In the panel talk, Kim Jong-ho, Head of Digital Innovation at CJ Freshway; Oh Seong-su, Head of the Data Business Division at BC Card; and Jo Yeon-ho, Head of Data Strategy and Management at LG Uplus, explained the cases and effects of utilizing data cloud platforms at their respective companies.

Kim Jong-ho, Head of Digital Innovation at CJ Freshway, stated, “We considered a cloud transition to create new business opportunities by leveraging data while simultaneously increasing corporate productivity,” adding, “With the cloud transition, the IT department receiving and utilizing data."Instead of [this], it has become possible for field employees to directly share and analyze," he said.

Jo Yeon-ho, a manager overseeing LG Uplus’s MyData service, explained the reason for adopting Snowflake, stating, “Since the MyData service handles sensitive personal information such as customers’ credit data, establishing a secure environment for safe data management is essential.” He added, “Snowflake has not only completed the Cloud Service Provider (CSP) stability evaluation by the Financial Security Institute but also provides robust security and consistent governance, making it the most suitable choice for the era of personalized data.”

In addition, Oh Seong-su, Head of BC Card's Data Business Division, who provides data sets on Snowflake's data trading platform marketplace, introduced his experience in successfully building a monetization model through data as a data-based solution provider.

He said, “The Snowflake Marketplace provided an opportunity to reach and share the meaningful data we possess with more potential customers,” adding, “The marketplace is the optimal platform for companies to expand their data business and enhance competitiveness while thoroughly protecting sensitive information.”

Meanwhile, Snowflake will participate in the ' 2024 IIoT Innovation Day_Part2 ' event, held on March 27 at COEX Conference Room 308, under the theme of data management and cloud deployment strategies for the digital transformation of manufacturing.

At this seminar, Ji Seung-heon, Managing Director at Snowflake, is scheduled to give a presentation on 'Data Cloud for Manufacturing Companies #DataIntegration #DataAnalysis #DataUtilization'.
Registration for participation fees can be done on the conference registration page ( https://www.e4ds.com/seminar_introduce.asp?idx=141 ).