In a July 2020 study about the impact of Snowflake’s cloud data platform, customers who used Snowflake over three years had an ROI of 612%. Are you thinking about adopting Snowflake for your cloud-based solution? Want to learn more about how Snowflake’s solution can improve your business? Keep reading for a list of 7 benefits of Snowflake’s cloud-based data warehouse solution.
1. Save on Costs
In addition to the 612% ROI, customers also saw an increased profit of $4.8 million. Not only that, other benefits over three years in the study include an accelerated time to market which was worth $5 million and simplified data operations which was worth $2.1 million. The study showed that the overall present value benefit of using Snowflake was $21.5 million.
One major benefit of cloud-based data warehousing is saving on costs compared to on-premise solutions. For on-premise solutions, businesses need to pay for costly hardware, set-up, and maintenance. And when their organization grows, they pay additional costs. Likewise, if their organization scales back, they are spending too much money on hardware and storage that they don’t need. With Snowflake data warehouse, you pay only for what you use.
2. Storage Elasticity
Previously, organizations needed to decide how much storage and compute they needed with on-premise storage. With Snowflake, there is no need for guesswork. You have the option of storage elasticity which allows you to increase compute and storage as needed.
3. Improved Performance For Your Organization
A cloud-based data warehouse solution works efficiently to analyze and maintain data all in one place. The Snowflake solution can handle more than one type of data including semi-structured data and structured data.
You also won’t need your IT team to maintain the warehouse, since it’s maintained by the vendor. This frees up your team to handle other business needs and can increase your organization’s productivity.
4. Deploy Quickly
With a cloud-based data warehouse, there is less time wasted on setting up hardware. You’re able to quickly deploy your data warehouse. You’re also instantly able to scale up or scale down depending on your business needs.
Security is one of the biggest concerns of any cloud-based solution. However, Snowflake features security validations including Soc 1 Type II, Soc 2 Type II compliance, and PCI DSS compliance. It also has support for HIPAA compliance. Moreover, for user authentication, Snowflake has MFA, OAuth, and SSO. There is also SCIM for managing user roles. Your data with Snowflake is automatically encrypted with AES 256 strong encryption.
What’s more, Snowflake has Continuous Data Protection (CDP) which includes security features that protect your data. These features allow your data to be accessible and recoverable in case of events such as failure of hardware or software, error, or a malicious attack.
6. Supported Cloud Platforms
Another major advantage of the Snowflake cloud platform is you don’t have to be locked in with a cloud vendor. You have the option to choose AWS, Azure, or GCP for your hosting platform. In addition, with Snowflake’s Supported Regions feature, multiple regions are supported across multiple cloud platforms. This gives you the option to choose which region your data is stored in.
7. Do More With Your Data
A cloud data warehouse is the right solution for storing and managing the influx of data coming into your business. Not only that, but you’ll get analytical insights and business intelligence such as buying trends and customer insights that can help grow your business.
At EVERFORCE, we recommend Snowflake solutions. It’s ranked #1 in cloud-based data-warehousing. We offer expertise in Snowflake solutions. To set up a demo on Snowflake Services, please contact us at firstname.lastname@example.org.