Which tool helps businesses control costs and optimize spending in Azure? Discover how Azure Cost Management provides detailed cost analysis, budgeting, alerts, and optimization recommendations for effective cloud cost control.
Table of Contents
Question
A business wants to control costs and optimize spending on Azure. Which tool should they use?
A. Azure Advisor
B. Azure Monitor
C. Azure Resource Manager
D. Azure Security Center
E. Azure Cost Management
Answer
E. Azure Cost Management
Explanation
Azure Cost Management provides insights and recommendations to optimize Azure spending and reduce unnecessary costs.
The best tool for controlling costs and optimizing spending on Azure is Azure Cost Management.
- Comprehensive Cost Visibility: Azure Cost Management provides detailed breakdowns of cloud expenses by resource group, service, location, or custom tags, enabling organizations to see exactly where money is being spent and identify underutilized resources or unexpected charges.
- Budgeting and Alerts: Users can set financial limits (budgets) for teams, projects, or services. The tool sends alerts when spending approaches or exceeds these limits, helping prevent budget overruns and enabling proactive cost control.
- Cost Allocation: Azure Cost Management allows costs to be allocated across departments, projects, or customers using custom rules and tags, ensuring transparency and accountability in multi-team or multi-client environments.
- Custom Reporting: Organizations can generate custom reports to analyze spending patterns, compare costs across periods, and export data for integration with other business tools.
- Optimization Recommendations: The tool provides automated, data-driven recommendations for reducing costs, such as identifying underutilized resources, suggesting reserved instance purchases, and rightsizing resources based on usage patterns.
- Multi-Cloud Support: Azure Cost Management can also track and optimize spending across other cloud providers like AWS and GCP, providing a unified view for organizations with multi-cloud strategies.
- Integration with Azure Governance: The tool integrates with Azure Policy and Resource Manager for centralized governance and control, supporting best practices in cloud financial management.
Azure Cost Management provides insights, budgeting, alerts, cost allocation, and optimization recommendations, enabling businesses to monitor, control, and reduce Azure spending effectively.
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