Cloud unicorn struggles to make database that can do everything 'margin positive'
Two years after announcing a database that can do analytics and transactions in the same system, Snowflake has yet to commercially launch Unistore, its CFO admitted.Blaming the difficulty of getting the cost of developing and running the product in line with commercial reality, Michael Scarpelli told the Goldman Sachs Commununacopia + Technology Conference last week that the cloud analytics and data platform company would be making the product generally available"very soon.
The goal was to create"a data pipeline to pull all that data into Snowflake everything's in Snowflake and it's easy to manage. reduces or entirely removes the complexity of managing your transactional data," said Carl Perry, director of product management at Snowflake in 2022. The system is in public preview, and he mentioned that Snowflake was about to"go GA" with the product. He said the delay in the commercial launch was due to the struggle to get the costs right.
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