Snowflake (NYSE: SNOW), a software company, is renowned for its data cloud platform which houses a global network designed to maximise its cloud potential. This platform allows thousands of organisations to manage their data concurrently, providing both scale and performance. Snowflake’s unique platform allows thousands of organisations to manage their data with extensive storage and computing power. Key features of the platform include data storage, processing, and analytic solutions that run faster than traditional systems. Furthermore, the company’s multi-cloud functionality across various cloud platforms such as Amazon Web Service and Microsoft Azure provides flexibility to its users. Snowflake made its debut on the New York Exchange on 16 September 2020, with an initial price of US$120. On its first day of trading, share prices soared, opening at US$245, marking the largest initial public offering of a software company in 2020. However, this year has been challenging for the company. Its share price recently hit a new...