Telefónica Tech, the digital services and enterprise transformation unit with Spain-based telecoms group Telefónica, has a new deal with enterprise data services provider Snowflake, to sell the US firm’s hybrid edge-cloud (“multi-cloud”) services to enterprises in Europe. Telefónica Tech is to bundle Snowflake services into its digital-change offer for public entities and private companies, it said.
Snowflake’s so-called “data cloud” platform works on hyper-scale cloud storage from Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. It allows businesses to store, analyse, and monetise their enterprise data. The Montana-based firm’s initial public offering (IPO) in September 2020 raised $3.4 billion, and is one of the largest software IPOs in history.
Telefónica Tech said the new alliance will help enterprises to “draw better business conclusions” from their data; it said better management of their data across a multi-cloud architecture, going from the cloud via the multi-access network edge (MEC) to the enterprise edge itself, will bring improved “scalability, performance, flexibility, and security” to their operations.
Telefónica Tech will develop specific enterprise use cases on Snowflake platform, it said – and also “reinforce its customer support capabilities as Snowflake’s exhaustive analysis of data can demonstrate how the correlation of certain variables indicates in advance a potential business problem or opportunity”. It stated: “In this way, a high percentage of business analyses can be automated and [enable] early identification and management of risks.”
Alberto Sempere, director of services, innovation and partnerships at Telefónica Tech, said: “[This] agreement… is another example of how technology can help companies transform themselves in a secure way by providing them with a tool that has the capacity to generate value from data management and analysis. Anticipating and properly managing business data are key to building a more competitive, resilient and innovative business world.”
