Cost Savings and Business Benefits Enabled by Snowflake25.08.2020
A Forrester Total Economic Impact Study Commissioned by Snowflake, July 2020
“Snowflake commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study and examine the potential return on investment (ROI) enterprises may realize by deploying Snowflake’s cloud data platform. The purpose of this study is to provide readers with a framework to evaluate the potential financial impact of Snowflake on their organizations.
To better understand the benefits, costs, and risks associated with this investment, Forrester interviewed several customers with years of experience using Snowflake’s cloud data platform.
Snowflake offers an elastic and scalable platform in the cloud that is highly automated to simplify provisioning, ingestion, transformation, data processing, and administration.
Prior to using Snowflake, interviewed customers leveraged multiple onpremises or cloud data warehouse solutions with siloed data sets scattered across their enterprises. However, prior attempts yielded limited success, leaving customers with a high cost of delivering and managing data and extended implementation and report-generation times. These limitations led to business users having difficulty getting a holistic view of the data as well as being unable to make well-informed, data-driven decisions.
Customers leveraged Snowflake to make data available quickly for the consumers, to garner timely insights, and do more with data — while ensuring operational efficiency at a lower cost.”
The following risk-adjusted present value (PV) quantified benefits are representative of those experienced by the companies interviewed:
- 3-Year ROI of 612%
- 50% reduction in time to roll out the business product
- 75% of time saved by using Snowflake to load data
- 75% reduction in effort for the IT support team
- Total benefits of over $21 million over three years