Cost Insight

About

MaxMyCloud's Snowflake Cost Insight is a comprehensive software solution designed to monitor, analyze, and optimize your Snowflake spending. Our mission is simple: to enable our customers to do more with less in the Snowflake Data Cloud. On average, we have achieved 20-35% cost savings for our Snowflake customers.

Contract Monitoring

At MaxMyCloud, we believe the first step in cost optimization is proactive monitoring. It’s not just about understanding past expenditures, but also anticipating future costs by the end of the contract. This foresight allows us to take early, proactive measures, preventing budget overruns and avoiding premature contract renewals with Snowflake. Our Contract Monitor page is designed with this goal in mind.

Establish Departmental Fiscal Responsibility

Many organizations have taken the right step by internally charging back Snowflake costs to various departments. However, because Snowflake billing is at the warehouse level, most organizations are forced to allocate different sizes of warehouses per department. This often leads to workloads being spread too thin, losing the benefits of economies of scale and resulting in higher overall costs for the same workload. MaxMyCloud's proprietary algorithm provides the lowest granular billing at the query level, enabling departmental billing without sacrificing the benefits of economies of scale.

Anomaly Detection and Root Cause Analysis

MaxMyCloud can detect pattern changes in Snowflake spending and identify the causes with just a few clicks, thanks to its highly interactive design. It quickly pinpoints which application or user has caused a sudden increase in spending, enabling you to take immediate action to stop monetary leakage.

Idle Cost and Warehouse Utilization Analysis

IDLE occurs when a Snowflake warehouse is running without any active workload. Effective cost management should minimize idle costs without sacrificing performance. MaxMyCloud’s unique design allows our customers to pinpoint exactly where idle costs occur and effortlessly minimize them.

Excessive Storage Cost

While storage costs are relatively inexpensive compared to compute costs, it's not uncommon for storage usage to exceed actual data size by 100X or even 1,000X. MaxMyCloud identifies these cost-saving opportunities and enforces Snowflake best practices in storage usage.

Serverless Cost

In addition to compute and storage costs, MaxMyCloud also monitors serverless costs, including auto-clustering, materialized views, Snowpipe, and search optimization, among others.

Data Processing Cost

In many organizations, data processing is the largest Snowflake cost driver. At MaxMyCloud, we closely monitor data processing costs using a two-pronged approach:

Identify top tables and focus on their most costly operations for performance tuning.
Rationalize data processing patterns by aligning data processing with data retrieval and seeking opportunities to reduce data processing frequency.

Unused Resources

In today’s world, data democratization allows everyone in an organization to work with data and create their own tables and processes. However, some of these tables may become obsolete over time, while their associated data processes continue running and consuming credits. MaxMyCloud automatically identifies these opportunities for cost savings.

Optimization Recommendation

MaxMyCloud recommends actionable steps from various areas to optimize your cost.

Secured Architecture

MaxMyCloud's backend algorithm operates as a native Snowflake app within the customer’s own Snowflake account, ensuring that customer data never leaves their own database.