On St. Patrick’s Day, Snowflake, a data cloud company, announced the launch of its Healthcare & Life Sciences (HCLS) Data Cloud. The news gained the attention of VentureBeat, Businesswire, CIO.com, and other tech and investment outlets.
Todd Crosslin, Snowflake’s Global Head of Healthcare and Life Sciences had this to say about the new HCLS offering:
“We understand the issues you face every day and are committed to making once in a generation advances that will alter the way we collaborate and drive insights on data with agility and speed.”
Snowflake’s HCLS Data Cloud gives healthcare companies an integrated, cross-cloud data platform that aims to solve long-standing pain points, such as data silos, decentralized governance, and limited visibility by giving HCLS users a secure way to connect and exchange sensitive data at scale, and with unprecedented ease. In an era of intensifying privacy and data growth, Snowflake’s partner ecosystem and built-in capabilities enable companies to meet complex industry and compliance requirements.
Secure interoperable data solution for healthcare and life sciences
According to RBC Capital Markets, nearly 30% of the world’s data is generated by the healthcare industry. By 2025, healthcare data will grow to 36%, outpacing manufacturing, financial services, and media and entertainment. The rise of artificial intelligence (AI), machine learning, and analytics, plus the digitalization of end-to-end healthcare has catalyzed the need for Snowflake—a secure and interoperable data solution that’s giving healthcare and life sciences companies the flexibility to respond to rapidly-shifting consumer behaviors and data innovation trends.
Anthem, IQVIA, Komodo Health, Novartis, Siemens Healthineers, and Spectrum Health are among the top healthcare and life sciences companies using Snowflake to centralize and seamlessly analyze their data to provide value-based care and sharpen organizational decision-making.
But, that’s just the tip of the iceberg. Snowflake facilitates collaboration and enables holistic, personalized care models to tap into data to save lives and identify patterns that can innovate preventive care.
Creating transformational business and patient outcomes with healthcare data
“[Snowflake] is helping us turn our data into incredible sources of insights by accelerating our ability to ingest, curate, and share data in a timely manner that wouldn’t be possible with other solutions. Snowflake is helping us get our patients faster access to the medicine they need.”
Using data to streamline access to life-saving medicines is one of the many transformational outcomes of implementing Snowflake in a highly-regulated industry. McKinsey research shows that “new and innovative business models across verticals can generate greater value and deliver better care for individuals.” The research also found that new business models enable a greater alignment of incentives, better integration of care, and improved use of data and advanced analytics.
At Hakkoda, we help healthcare companies embrace data innovation through Snowflake’s transformational data cloud. Snowflake enables healthcare companies to realize their data’s full value with frictionless information flow, securely sharing PII and HIPAA compliant data, and with total control without sending files.
In addition, Snowflake’s Health and Life Sciences Data Cloud offers healthcare companies a platform to grow and evolve, enabling multiple workloads from a data lake or data vault, plus high-performance analytics powering data-rich applications and integrated data science. Most importantly, Snowflake’s data solution allows healthcare and life science organizations to simplify their architecture, centralize data, increase governance, and accelerate innovation.
Hakkoda Snowflake Health and Life Sciences Experts
We’ve seen real-world examples of Snowflake’s applications for healthcare and life sciences, but while the technology has immense potential, to realize the full value of the HCLS Data Cloud, you need a partner with deep experience not only in Snowflake and innovation but also in healthcare.
Our technologists have pioneered transformational outcomes for leading healthcare companies. Together, we have 40+ years of healthcare data innovation. Our scalable US and Costa Rica teams are 100% SnowPro certified and have extensive experience helping healthcare companies leverage their organization’s data to improve care outcomes, operations, patient experience, and financial performance.
Our unique approach to building compliant data infrastructure and strategy that sources data securely and across the healthcare payor and provider lifecycles is modeled on the data innovation lifecycle, which takes into account your digital maturity, goals, challenges, and opportunities.
We use our expertise to help healthcare organizations build data governance frameworks and align their analytics initiatives with their organizational strategy.
If you’d like to know more about how we can help your organization unlock the full value of data to deliver effective patient outcomes and business results, get in touch with our Snowflake HCLS Data Cloud experts: Patrick Buell, Chris Puri, and Dale Cox.