Key Points:
• Microsoft Cost Management has made significant updates to improve visibility, analysis, and optimization of cloud costs.
• New features include improved cost analysis, exports, and Copilot enhancements for visibility and cost estimation.
• Additionally, updates to Azure OpenAI costs, AKS cost views, and savings plans have been launched.
Microsoft Cost Management—2024 Year in Review
As the year 2024 comes to a close, Microsoft Cost Management has announced significant updates to improve visibility, analysis, and optimization of cloud costs. The goal is to help businesses get the most value from their investments.
Cost Visibility
Microsoft Cost Analysis, a key tool, has been enhanced to provide a seamless switching between different views, allowing users to relate various datasets and pin views for quick access. Load times have also been optimized.
Exports
The Exports experience has seen significant enhancements, including the addition of more datasets, expanded support for Parquet format, and the capability to compress exported files, helping to reduce storage and networking costs. A preview of the Exports to Fabric connector has also been launched, enabling users to export datasets directly to Microsoft Fabric for advanced analytics and reporting.
Copilot Enhancements
Copilot, a natural language-based tool, has been integrated with Cost Analysis, allowing users to analyze and report on results without manual intervention. Copilot can also estimate costs for token-based Azure OpenAI deployments.
Azure OpenAI Costs
A new view has been released, providing easy access to costs for Azure OpenAI workloads, including token-based and PTU deployments, as well as reservation purchases.
Cost Allocation
Tag inheritance has been launched, enabling businesses to allocate costs to different teams and departments, and promoting accountability.
AKS Cost Views
AKS cost views have been made generally available, providing costs of namespaces running on clusters, which can be mapped to applications, and allocated to responsible teams.
Cost Optimization
Azure OpenAI provisioned reservations, with new 1-month and 1-year options, have been introduced, offering discounts for committed businesses.
Savings Plan Roles
Four new role-based access control roles have been added for savings plans, allowing for better management and flexibility.
Cloud Sustainability
A preview of the Azure carbon optimization tool has been released, providing IT admins with emissions data at the resource level, recommendations to reduce emissions, and associated cost savings.
As we look to 2025, Microsoft Cost Management will continue to innovate and improve its offerings to help businesses optimize cloud spending and enhance their FinOps capabilities. Stay tuned for more exciting updates!
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