Earlier this month, Snowflake, the data warehousing giant, announced a strategic investment and partnership with Landing AI, a computer vision startup founded by AI luminary Andrew Ng. The collaboration aims to integrate Landing AI’s advanced computer vision platform into Snowflake’s Data Cloud, unlocking new possibilities for enterprises seeking to harness the untapped potential of visual data.
In an era where unstructured data, particularly in the form of images and videos, accounts for an astonishing 90% of the world’s data, the partnership between Snowflake and Landing AI comes as a timely solution. Enterprises across industries, from manufacturing and retail to healthcare and finance, stand to benefit from the integration of cutting-edge computer vision capabilities within Snowflake’s secure and governed data ecosystem.
Stefan Williams, Snowflake’s VP of Corporate Development, shed light on the transformative potential of this partnership in a recent interview interview with VentureBeat. “Users can now seamlessly access cutting-edge AI capabilities: connect image data stored in Snowflake, create computer vision models, and run AI models inside Snowflake Container Services or deploy to edge devices,” he explained. “They will also be able to enrich this image data with relevant meta data and insights which can be written back directly into the Landing AI native app within Snowflake.”
One of the most compelling aspects of Landing AI’s platform is its ability to train highly accurate computer vision models using limited datasets. As Williams pointed out, “This is often very beneficial to certain verticals like manufacturing where they may be trying to build a vision quality control system as an example but have a limited set of defective images as the manufacturing process is quite efficient.” This capability, coupled with Snowflake’s robust data security and governance measures, positions the partnership as a game-changer for enterprises looking to leverage visual data while maintaining the highest standards of data protection.
“We’ve witnessed a surge of interest in both the Manufacturing and Life Science sectors, spanning from quality inspection in manufacturing processes to cell analysis in life science research,” said Williams. “But the impact of computer vision or vision centric solutions extends far beyond manufacturing. From retailer’s inventory analysis to enhancing infrastructure management around the electric grid to oil & gas with use cases like deep sea pipeline inspection to finance around fraud detection and security surveillance in financial services to name a couple.”
The partnership comes at a time when Snowflake, once a darling of the tech industry, finds itself grappling with a series of challenges that have sent its stock tumbling. The company’s recent fourth-quarter earnings report revealed mixed results, with product revenue falling short of expectations and adjusted operating margin coming in lower than anticipated. This, coupled with a weaker-than-expected outlook for the first quarter and the unexpected announcement of CEO Frank Slootman’s retirement, has left investors questioning the company’s future prospects.
Slootman, who took the helm at Snowflake in 2019 and led the company through a record-breaking IPO in 2020, will be stepping down effective March 27. While he will remain as Chairman until then, the sudden leadership change has introduced an element of uncertainty during a critical period for the company. Sridhar Ramaswamy, a former Google ad executive, will take over as CEO, but his ability to navigate the increasingly competitive data and AI landscape remains to be seen.
Despite the current challenges, some analysts believe that the market’s reaction to Snowflake’s recent developments may be an overreaction. The company’s best-in-class product and Ramaswamy’s strong tech background could position it well for long-term success. However, the uncertainty surrounding the leadership transition and the increasingly competitive landscape cannot be ignored.
Looking ahead, customers can expect Landing AI’s platform to be available within Snowflake’s Data Cloud in the near future, with an initial focus on manufacturing and life sciences use cases in North America and EMEA. “Initially we will launch with the application focused on key use cases in manufacturing and life sciences but will quickly expand to more verticals throughout 2024,” Williams told VentureBeat. “From a geography perspective we will focus initially on North America and EMEA and then expand our reach into Asia and South America as we look to broaden our global coverage across all CSPs that Snowflake supports.”
The partnership also has its sights set on exploring the integration of Landing AI’s domain-specific large vision model capabilities into Snowflake’s Cortex offering. “Following this successful launch, we will look next at bringing Landing AI’s domain specific large vision model (LVM) capabilities into Snowflake,” said Williams. “LVMs help customers tackle the challenge of dealing with massive image or video datasets in which they want to build highly performant foundation models that handle multiple downstream tasks dramatically faster and with higher accuracy.”
As the world continues to generate visual data at an unprecedented pace, the partnership between Snowflake and Landing AI represents a significant milestone in the journey towards harnessing the full potential of this valuable resource. By combining the strengths of these two industry leaders, enterprises can look forward to a future where computer vision and data-driven insights work hand in hand to drive innovation, efficiency, and growth.
Join leaders in Boston on March 27 for an exclusive night of networking, insights, and conversation. Request an invite here.
Earlier this month, Snowflake, the data warehousing giant, announced a strategic investment and partnership with Landing AI, a computer vision startup founded by AI luminary Andrew Ng. The collaboration aims to integrate Landing AI’s advanced computer vision platform into Snowflake’s Data Cloud, unlocking new possibilities for enterprises seeking to harness the untapped potential of visual data.
In an era where unstructured data, particularly in the form of images and videos, accounts for an astonishing 90% of the world’s data, the partnership between Snowflake and Landing AI comes as a timely solution. Enterprises across industries, from manufacturing and retail to healthcare and finance, stand to benefit from the integration of cutting-edge computer vision capabilities within Snowflake’s secure and governed data ecosystem.
Stefan Williams, Snowflake’s VP of Corporate Development, shed light on the transformative potential of this partnership in a recent interview interview with VentureBeat. “Users can now seamlessly access cutting-edge AI capabilities: connect image data stored in Snowflake, create computer vision models, and run AI models inside Snowflake Container Services or deploy to edge devices,” he explained. “They will also be able to enrich this image data with relevant meta data and insights which can be written back directly into the Landing AI native app within Snowflake.”
Empowering industries with limited datasets
One of the most compelling aspects of Landing AI’s platform is its ability to train highly accurate computer vision models using limited datasets. As Williams pointed out, “This is often very beneficial to certain verticals like manufacturing where they may be trying to build a vision quality control system as an example but have a limited set of defective images as the manufacturing process is quite efficient.” This capability, coupled with Snowflake’s robust data security and governance measures, positions the partnership as a game-changer for enterprises looking to leverage visual data while maintaining the highest standards of data protection.
VB Event
The AI Impact Tour – Boston
“We’ve witnessed a surge of interest in both the Manufacturing and Life Science sectors, spanning from quality inspection in manufacturing processes to cell analysis in life science research,” said Williams. “But the impact of computer vision or vision centric solutions extends far beyond manufacturing. From retailer’s inventory analysis to enhancing infrastructure management around the electric grid to oil & gas with use cases like deep sea pipeline inspection to finance around fraud detection and security surveillance in financial services to name a couple.”
Snowflake faces uncertainty amid CEO transition and disappointing guidance
The partnership comes at a time when Snowflake, once a darling of the tech industry, finds itself grappling with a series of challenges that have sent its stock tumbling. The company’s recent fourth-quarter earnings report revealed mixed results, with product revenue falling short of expectations and adjusted operating margin coming in lower than anticipated. This, coupled with a weaker-than-expected outlook for the first quarter and the unexpected announcement of CEO Frank Slootman’s retirement, has left investors questioning the company’s future prospects.
Slootman, who took the helm at Snowflake in 2019 and led the company through a record-breaking IPO in 2020, will be stepping down effective March 27. While he will remain as Chairman until then, the sudden leadership change has introduced an element of uncertainty during a critical period for the company. Sridhar Ramaswamy, a former Google ad executive, will take over as CEO, but his ability to navigate the increasingly competitive data and AI landscape remains to be seen.
Despite the current challenges, some analysts believe that the market’s reaction to Snowflake’s recent developments may be an overreaction. The company’s best-in-class product and Ramaswamy’s strong tech background could position it well for long-term success. However, the uncertainty surrounding the leadership transition and the increasingly competitive landscape cannot be ignored.
A partnership poised for global expansion
Looking ahead, customers can expect Landing AI’s platform to be available within Snowflake’s Data Cloud in the near future, with an initial focus on manufacturing and life sciences use cases in North America and EMEA. “Initially we will launch with the application focused on key use cases in manufacturing and life sciences but will quickly expand to more verticals throughout 2024,” Williams told VentureBeat. “From a geography perspective we will focus initially on North America and EMEA and then expand our reach into Asia and South America as we look to broaden our global coverage across all CSPs that Snowflake supports.”
The partnership also has its sights set on exploring the integration of Landing AI’s domain-specific large vision model capabilities into Snowflake’s Cortex offering. “Following this successful launch, we will look next at bringing Landing AI’s domain specific large vision model (LVM) capabilities into Snowflake,” said Williams. “LVMs help customers tackle the challenge of dealing with massive image or video datasets in which they want to build highly performant foundation models that handle multiple downstream tasks dramatically faster and with higher accuracy.”
As the world continues to generate visual data at an unprecedented pace, the partnership between Snowflake and Landing AI represents a significant milestone in the journey towards harnessing the full potential of this valuable resource. By combining the strengths of these two industry leaders, enterprises can look forward to a future where computer vision and data-driven insights work hand in hand to drive innovation, efficiency, and growth.
VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.
Author: Michael Nuñez
Source: Venturebeat
Reviewed By: Editorial Team
