How Exiger dropped their Snowflake costs by 40% in two weeks

Risk management company achieves 20x ROI and prevents $700K in additional costs through automated savings and proactive monitoring

SELECT
Exiger

The Challenge

Exiger's Snowflake costs ballooned by over 200% year over year, raising questions around the company around whether it could be sustainably managed. As Snowflake's rudimentary monitoring provided no granularity into cost drivers or actionable optimization insights, the Exiger team looked to SELECT to help drive immediate results.

The Solution

SELECT provided the Exiger team with immediate cost insights and 1-click Automated Savings that allowed them to instantly reduce costs by 40%. Setup took less than an hour. Following the initial cost reduction, Exiger has continued to benefit from SELECT's monitoring and visibility to enable immediate identification of waste and prevent future cost overruns.

Results

  • Reduced Snowflake spend by 40% within two weeks through SELECT Automated Savings and detailed cost insights
  • Achieved 20x ROI on SELECT investment
  • Prevented $700K in additional cost increases through automated anomaly alerts
  • Enabled cultural shift to FinOps mindset across 200+ analysts without dedicated oversight

Through SELECT's automated savings feature and deep cost visibility, we were able to instantly lower our Snowflake spend by over 40% and achieve a 20X ROI on our SELECT investment.

Skyler Chi, SVP, GTM Productivity & Excellence at Exiger

Snowflake became mission-critical but cost controls lagged behind adoption

Five years ago, Exiger operated fragmented data infrastructure across many different database systems. The company adopted Snowflake to create unified data access for product teams, analysts, and data scientists analyzing petabytes of risk management data. Today, Snowflake at Exiger serves 15,000 external users through embedded BI tools while 200 internal analysts constantly iterate on datasets. However, rapid democratization created problems. Users spun up 4XL warehouses for impatient queries, built inefficient SQL without optimization, and scheduled processes without understanding cost implications.

Costs exploded by 200% raising organizational concerns

After ramping up adoption of Snowflake, costs exploded by 200% in a single year, which began to raise questions around the organization. The degree of growth was unsustainable. All of leadership was asking why Snowflake costs were growing out of proportion with revenue growth. Before SELECT, Exiger relied on Snowflake's native monitoring which provided no actionable insights or the necessary visibility to drive change.

SELECT delivered immediate visibility and automated cost savings

Exiger needed to rapidly identify why costs were ballooning. SELECT immediately provided granular insights, leading to instant cost wins. Setup took just 20 minutes for the first Snowflake instance and five minutes for each subsequent instance. Through SELECT's Automated Savings feature and deep cost visibility, Exiger was able to immediately lower costs by 40%. SELECT helped identify orphaned projects across 200 analysts - for example, processes running on oversized warehouses with cron jobs against stale data that nobody used anymore.

Real-time anomaly detection prevents major cost increases

After eliminating initial waste, Exiger shifted strategy to ongoing monitoring with SELECT's automated cost anomaly alerts. This proactive approach prevents future waste rather than cleaning up after the fact. With Snowflake, you get a warning that your top level budget is off, but no additional granular details as to why. With SELECT, you receive a notification telling you what service spiked, from what workload, when and why, along with all the additional telemetry you need to investigate.

Cultural shift enables innovation while controlling costs

Since adopting SELECT, it has become incorporated into Exiger's engineering workflows. When developing new workloads or experimenting with warehouse configurations, developers can easily monitor costs and performance to make data-driven decisions with confidence. SELECT gave Exiger a very easy way to change culture around spend, and also give senior executives comfort that they had general control over the tools they've entrusted teams with. It's really hard to change culture and to change a 200 person organization's way of thinking, but providing them with airbags and safety nets from SELECT has given them the ability to do exactly that.

See how SELECT helps data teams move faster

Explore how SELECT helps teams reduce warehouse waste, improve visibility, and act on data cost insights.

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What they say

Exiger

This is the easiest thing we've ever done to save money - 20x ROI. Does this not exist for AWS?

Skyler Chi, SVP, GTM Productivity & Excellence at Exiger

Home Chef

SELECT feels like exactly what Paul and I would have built if we had locked ourselves in a room for 18 months to create our ideal monitoring solution.

Devin McGee, Data Engineering Lead at Home Chef

Personio

SELECT has made important cost data readily accessible. I will often pull it up during engineering design reviews so we can quickly evaluate cost impact and projections and factor that into our design decision.

Douglas Zickuhr, Senior Data Platform Engineer at Personio

Synthesia

Our costs had jumped up 3X as we scaled, so we're talking about 60% savings in Snowflake spend after adopting SELECT.

Edward Mancey, GTM Lead at Synthesia

Entain

SELECT dramatically lowers the cognitive load to understanding Snowflake costs. I'm able to sit there and easily understand what's driving the cost.

Blake Baggett, Head of Data Operations at Entain

Kargo

You guys have the best UI experience that I've had of any software. It's like you just read my mind where, like, oh, I wish I could click there. Oh, wait, I can!

Diana Koshy, Sr. Director of Data Engineering at Kargo

Loop

SELECT works the way my brain works. I love clicking through the query patterns and different workloads. It's a very intuitive diagnostic flow.

Ian Fahey, Senior Analytics Engineer at Loop

ClickUp

One of the most helpful cost rituals we've setup from SELECT is the weekly spend digest sent to Slack. I can start high level and ensure things are in check.

Michael Revelo, Manager of data and analytics engineering at ClickUp