Case Study: Novo eliminates $300,000 in data infrastructure costs with 5X

$350,000 savings per year & 20% boost in data team productivity

Novo, a digital banking provider, experienced rapid data growth that overwhelmed its multi-vendor data stack, which included Snowflake, dbt, Airflow, and Metabase. The cost of scaling this infrastructure was projected to increase 2.5x, and maintaining it required a dedicated team of 3-4 platform engineers. To address this expensive and time-consuming challenge, Novo turned to the vendor 5X for a solution.

5X implemented its fully managed, end-to-end data platform on top of Novo’s existing Snowflake instance. This solution provided managed data ingestion, orchestration, a semantic layer, and business intelligence tools. The impact was substantial: Novo achieved $300,000 in annual infrastructure savings and saved over $500,000 in people costs by eliminating the need for a dedicated platform team. Furthermore, the data team's productivity increased by 20%, and they gained advanced technical capabilities that positioned them ahead of business requirements.

Novo

Anthony M. Jerkovic

Head of Data