Azure Cost Management – Best Practices & Tools

Azure Cost Management is a service that helps monitor, manage, and optimize cloud spending on the Microsoft Azure platform. It provides tools and insights to understand and control costs in the Azure environment, enabling informed decisions for cost-effectiveness. Factors affecting Azure costs include provisioned resources, their sizes, utilization, data transfer and network costs, storage costs, and geographic region of resource provisioning. Best practices for Azure cost management involve selecting the right service and tier level, regularly monitoring resources, utilizing monitoring and reporting tools, exploiting autoscaling benefits, and tagging resources. Key features within Azure Cost Management include cost analysis, alerts and budgets, advisor recommendations, invoices, payment methods, reservations, billing profiles, and products & services.