ML models work by analyzing all kinds of data - both structured and unstructured (think Tweets). Before SageMaker, Zocdoc data scientists got involved with the model development - which “slowed down the product development teams.” How so? According to Amazon, Zocdoc data scientists used Amazon’s SageMaker to “build, train, and deploy” models from scratch in “less than a day” that enabled users to find the right doctor and book an appointment at the most convenient time and location. Amazon’s ML tool, SageMaker enabled Zocdoc to get critical applications up and running far more quickly by automating model development. One company that gets value from AWS is Zocdoc, a service that helps end users connect with medical care providers. Ultimately, this partnership aims to help companies gain insights that boost their effectiveness and efficiency. This year, the companies intend to double their co-selling opportunities by focusing on specific industries such as financial service and media and entertainment. In 2019, their “co-selling opportunities doubled as they worked together to help companies migrate to the cloud,” noted the company. WU, Anthem, Acquia, Convoy and Siemens, according to Snowflake. Snowflake and AWS jointly serve many significant customers including Instacart, Western Union “Snowflake saw continued momentum in Q2 with triple-digit growth in product revenue, reflecting strength in customer consumption,” CEO Frank Slootman said in a statement.
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Snowflake expects full fiscal year 2022 product revenue in the range of $1.06 to $1.07 billion - the midpoint of which is about 93% more than the year before.
For the quarter ending October 2021, Snowflake projected product revenue of $280 million to $285 million - the midpoint of which is 90% above its previous year’s revenue. Snowflake expects growth to decelerate to still-high double digit rates. In the second quarter of 2021, its revenue popped 104.5% to $272.2 million - about 6% more than analysts expected - while its second quarter loss soared 251% to about $190 million, according to MarketWatch. A year later, that growth rate was still high - but slower than the year before.
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