Shizuoka Financial Group’s digital strategy and Snowflake use cases – Norbert Gehrke
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The Snowflake World Tour made a stop in Tokyo during September, and approximately 5,000 participants filled the halls of the ANA InterContinental in Akasaka. Some sessions were fully booked, and the line for entry extended through the basement. Kudos to the organizers for managing such a large crowd.
The following is our second event report from the two financial services-focused presentations. It details Shizuoka Financial Group’s digital transformation journey, focusing on their data analytics and utilization platform built around Snowflake’s cloud data platform. We delve into the challenges they faced, the solutions implemented, and the resulting benefits achieved across multiple business areas.
Shizuoka Financial Group, a regional financial powerhouse headquartered in Japan, has a long history of adapting to change. After shifting to a holding company structure in October 2022, they embraced the motto “Expanding dreams and prosperity together with our region.” This commitment to their community and customers has been the driving force behind their nine successive medium-term management plans, each aiming to leverage technology for improved service and operational efficiency.
The rise of the digital age brought both challenges and opportunities for Shizuoka Financial Group. They identified key areas for improvement, including:
To address these challenges and capitalize on the potential of digital transformation, Shizuoka Financial Group embarked on a comprehensive digital strategy.
The strategy revolved around three key pillars.
After careful consideration, Shizuoka Financial Group chose Snowflake as the core of their data analytics and utilization platform. Key factors driving this decision include:
Leveraging Snowflake’s capabilities, Shizuoka Financial Group built “S-hare”, a centralized data platform designed for:
Snowflake’s implementation has led to tangible benefits across various business areas within Shizuoka Financial Group.
Benefits:
Benefits:
Benefits:
Shizuoka Financial Group’s journey with Snowflake is far from over. They plan to further leverage the platform’s capabilities by:
By embracing a cloud-first strategy and choosing Snowflake as their data foundation, Shizuoka Financial Group has laid the groundwork for a future powered by data. They are well-positioned to:
As they continue their digital transformation journey, Shizuoka Financial Group stands as a testament to how traditional businesses can leverage the power of data and cloud technology to thrive in the digital age.
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