Annual Fortune list recognizes Snowflake as the leading company with the capability to deliver sustained long-term growth in the era of generative AI
No-Headquarters/BOZEMAN, Mont. – December 5, 2023 – Snowflake (NYSE: SNOW), the Data Cloud company, today announced that it was awarded the number one spot on the 2023 Fortune Future 50 list. The annual list from Fortune recognizes leading publicly traded companies based on a market-based assessment of a company’s growth potential, and its capacity to deliver against that potential. Among the focuses of this years’ list includes companies driving the future with generative AI.
Snowflake has transformed the data industry with Snowflake Data Cloud, a global network that connects organizations to the data and applications most critical to their business. The Data Cloud enables a wide range of possibilities, from creating a real-time data backplane for the modern enterprise, collaborating over content with partners and customers, integrating external data and applications for fresh insights, to simplifying the complexity of generative AI - all from Snowflake’s single, cross-cloud platform. This accolade from Fortune is a testament to the incredible opportunity ahead as Snowflake empowers customers across industries to more easily mobilize data and AI for business value.
“In this new AI era, generative AI and large language models will reshape how we live, work and do business. But there is no AI strategy without a data strategy,” said Sridhar Ramaswamy, SVP of AI at Snowflake. “We are honored to be named at the top of Fortune’s Future 50 list and look forward to continuing to help customers solve their biggest problems and deliver real value using AI.”
To identify the Future 50, the BCG Henderson Institute examined more than 1,000 publicly traded companies with at least $20 billion in market value or $10 billion in revenue in the 12 months through the end of 2022. Thirty percent of a company’s score is based on market potential—defined as its expected future growth as determined by financial markets. The remaining 70% is based on a company’s capacity to deliver against this potential, which comprises 19 factors, selected for their ability to predict growth over the following five years, which fall into four categories: strategy, technology and investments, people, and structure.
Learn More
- Join Snowflake’s annual developer conference, BUILD, December 5-6. Register for the virtual event here.
- Read how Snowflake Cortex is providing customers with fast, easy, and secure LLM-powered app development in this blog post.
- Stay on top of the latest news and announcements from Snowflake on LinkedIn and Twitter.
Source: Snowflake Inc.
About Snowflake
Snowflake makes enterprise AI easy, efficient and trusted. Thousands of companies around the globe, including hundreds of the world’s largest, use Snowflake’s AI Data Cloud to share data, build applications, and power their business with AI. The era of enterprise AI is here. Learn more at snowflake.com (NYSE: SNOW).
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PRESS CONTACT
Danica Stanczak
Global Corporate Communications, Snowflake
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