Snowflake, the AI data cloud company, announced it is further expanding its AI Data Cloud for Manufacturing offering with a focus on strengthening solutions specifically for automotive . Since April 2023, the manufacturing industry has seen notable adoption of the Snowflake platform, with data application development and data collaboration efforts growing by a robust 416%, with Snowflake being used to build custom manufacturing solutions and securely share data. In addition, adoption of Snowflake’s analytics solutions has increased by 185%, with manufacturers leveraging the Snowflake platform to gain deeper business insights. Data science solutions also grew by 188%, driven by adoption of advanced predictive modeling and AI applications.
Snowflake is now further enhancing its AI data cloud to address the unique and granular needs of the automotive industry. This strategic investment responds to growing demand from manufacturers around the world, particularly in the automotive industry, as they drive digital transformation and AI-driven innovation. In fact, global technology companies and manufacturers like Siemens are already using Snowflake to transform their entire business with AI and advanced analytics, all while maintaining rigorous security and governance.
The automotive industry is undergoing a fundamental transformation driven by four major trends: connected SDV (Software-Defined Vehicles), autonomous driving, electrification, and advanced manufacturing (Industry 4.0). This evolution will generate massive amounts of data throughout the entire process of vehicle development, manufacturing, supply chain, and after-sales service. Snowflake’s powerful data sharing and AI capabilities, combined with specialized partner solutions, enable the entire automotive ecosystem, from parts manufacturers to OEMs, wholesalers, distributors, and repair shops, to seamlessly collaborate on vehicle development, optimize manufacturing operations, and leverage real-time data insights across the automotive value chain. Notably, 80% of major OEMs are using Snowflake’s platform for their data and AI initiatives.
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Leading automotive companies such as CarMax, Cox Automotive, and Penske Logistics are already using Snowflake’s simple, connected, and reliable existing platform to transform their automotive operations with advanced analytics, real-time connected vehicle insights, and secure data integrations.
“Today’s vehicles are generating more data than ever before. To make the most of this data, automotive companies need a reliable solution that’s easy to deploy, can integrate and manage data across the value chain, and can use AI to support critical decisions,” said Tim Long, global head of manufacturing at Snowflake. “Snowflake’s automotive solutions are based on a proven track record, providing the automotive industry with the foundation they need to unify data across their operations, scale connected car initiatives, and drive innovation in a rapidly changing marketplace.”
With its comprehensive partner ecosystem and rich data marketplace, Snowflake helps automotive companies:
Integrate data and bridge silos across the vehicle lifecycle: Seamlessly share data across design systems, production environments, connected vehicles, service operations, warranty systems and more to get a complete view of vehicle performance and customer experience. Breaking down barriers between multiple business units, systems, clouds and partners can speed up development cycles, reduce operational costs and deliver better service.
Harness connected vehicle data with a highly scalable, high-performance platform: Address the massive volumes of data generated by SDVs and autonomous vehicles with an architecture designed for high-resolution sensor and camera data. Separates storage from compute to efficiently scale rapidly while maintaining performance. Aggregate all vehicle streams onto a single, scalable platform without sacrificing accessibility or insights.
Drive new revenue opportunities by monetizing data and improving customer experiences: Securely share and monetize your automotive data products in the Snowflake Marketplace to create new revenue streams. Get a complete view of customer interactions at every touchpoint to deliver personalized experiences and services. Enable secure collaboration with ecosystem partners while maintaining strict privacy controls and compliance.
Enable and extend advanced analytics with AI/machine learning capabilities: Democratize access to AI and machine learning tools across your organization, empowering employees to develop predictive models without specialized infrastructure. Analyze billions of observations from thousands of sensors to drive innovation in vehicle design, production quality and maintenance. Build custom AI applications using your preferred development languages and tools to transform how you work and connect with customers.
Optimize supply chain responsiveness and operational efficiency: Gain real-time visibility across component manufacturers, inventory management systems and logistics partners to minimize disruptions and reduce costs. Improve demand forecast accuracy, minimize stockouts and reduce excess inventory. Transform fragmented information systems into a unified platform to accelerate time to market and enable connected, data-driven decisions.
Snowflake’s expansion into the automotive industry is a natural fit to help the automotive ecosystem transform from traditional manufacturers to digital consumer device companies and navigate the biggest wave of technology disruption in the industry’s history. Snowflake’s comprehensive ecosystem of industry-leading partners, including Accenture, AWS, Deloitte, and EY , also bring automotive-specific solutions, technology, and expertise to drive industry innovation. Companies such as Blue Yonder, CGI, Cirrus Link Solutions, DXC Technology, evolv Consulting, HighByte, HiveMQ, kipi.ai, LandingAI, LTIMindtree, Mendix, Concept Reply, Sigma, Siemens Digital Industries Software, Tredence Inc., and Vertex Software have developed purpose-built solutions on the Snowflake platform to transform products by driving SDV development, transform manufacturing with AI-driven quality control and predictive maintenance, and transform the supply chain with real-time visibility and optimization. Through the Snowflake Marketplace, automotive companies can directly access third-party datasets, such as dealer insights, EV charging station information, automotive trends and consumer behavior, driving mobility data, and vehicle inventory data, to power their analytics and decision making.
SOURCE: PRTimes
