Organizations that utilize Microsoft Azure as their cloud service provider have free access to Microsoft Azure Cost Management as a part of their subscription. Much of this originates from cloud monitoring and analytics tool, Cloudyn, which Microsoft acquired in July 2017. After the acquisition, Microsoft started migrating Cloudyn features into their Azure Cost Management portal and began offering it to their paying customers. The tool helps you monitor your cloud spending, increase your organizational accountability, and optimize your cloud efficiency. Let’s take a look at each of these features and see how well it performs in each.
Monitor Your Cloud Spending
The reports available in Microsoft Azure Cost Management help you view your past usage and costs while also allowing you to project your future spending. These costs can be viewed in daily, monthly, or yearly views, so you can see trends and anomalies across smaller or larger time frames. This data is pulled straight from Azure (or AWS, if you want to pay 1% of your AWS bill), so it helps for breaking down your raw cloud bill information.
Increase Your Organizational Accountability
Microsoft Azure Cost Management reports have the ability to be broken down in different ways by using “cost entities” to split resources into different buckets. These entities are often aligned with specific projects or departments within your organization, and can correlate with users or Azure subscriptions. Further, you can create “cost models” to split resources based on tags from your raw billing information.
Once the cost entities and cost models are in place, true accountability comes from having users log directly into Azure Cost Management to see and explore the costs associated with the teams and projects that they are a part of. On top of this, Azure Budgets can be set to alert or limit individuals or teams from overspending (or at least attempt to prevent it through warnings).
Optimize Your Cloud Efficiency
Even though this is a core tenant of Microsoft Azure Cost Management, optimization is one of the weakest features of the product. The essence of the documentation around this is that you should manually eliminate waste, without going into much detail about what is being wasted or how to eliminate it. Plus, this expects manual intervention and review of each resource without giving direct actions to eliminate the waste.
At ParkMyCloud, we believe that continuous cost control comes from actual action. We’ve created this for our customers through a simple UI (with full RBAC), smart recommendations with one-click remediation, and an automatic policy engine that can schedule your resources by default based on your tagging or naming conventions. Our multi-cloud platform will help you reduce cloud waste and maximize the value of your cloud. Start a trial today to see the automation in action!