Snowflake Materialized Views are a precomputed data view that enhances query performance and conserves resources by calculating complex query results in advance and storing them as cached result sets. They can significantly speed up queries, reduce costs, and provide real-time data access. Businesses across various sectors have realized significant gains with the help of materialized views. By integrating Snowflake with Acceldata's data observability platform, businesses can monitor and optimize their workflows to ensure maximum efficiency.