Key points:
- Microsoft Cost Management helps customers better understand their cloud spending, identify and prevent bad spending patterns, and optimize costs.
- The service now includes tools for analyzing, monitoring, and optimizing Azure OpenAI costs.
- New ways to save money in the Microsoft Cloud include: Azure Cosmos DB dynamic scaling, V5 reservations for Azure Database for PostgreSQL, and more.
A recent update from Microsoft highlights the importance of financial constraint management for organizations, regardless of their size. Microsoft Cost Management is a valuable tool for achieving just that, providing insights into cloud spending, identifying and preventing bad spending patterns, and optimizing costs to empower companies to do more with less.
The article highlights several key updates, including the integration of Azure OpenAI costs into the Cost Management service. This means that customers can now analyze, monitor, and optimize their Azure OpenAI costs using the same cost management tools they currently use for other Azure services. This includes the ability to view costs grouped by meter, use filters to focus on specific attributes, and set budgets to ensure teams are accountable for their spend.
Additionally, the service has introduced new ways to save money in the Microsoft Cloud, including Azure Cosmos DB dynamic scaling, V5 reservations for Azure Database for PostgreSQL, and more. These updates aim to help customers optimize costs and make the most of their cloud resources.
The article also highlights documentation updates, including the addition of new FAQs, an updated guide to managing Azure Consumption Commitment resources, and more. Microsoft Cost Management is constantly evolving, with new updates and features being added regularly.
To stay up-to-date with the latest developments, Microsoft encourages customers to follow @MSCostMgmt on Twitter, subscribe to the YouTube channel, and participate in the Cost Management feedback forum. By working together, Microsoft hopes to shape the future of cost management and help organizations make the most of their cloud resources.
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You might also like: Why Choose Azure Managed Applications for Your Business & How to download Azure Data Studio.
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