{"id":12837,"date":"2022-07-06T06:16:06","date_gmt":"2022-07-06T06:16:06","guid":{"rendered":"https:\/\/blog.cloudthat.com\/?p=12837"},"modified":"2024-06-25T10:57:51","modified_gmt":"2024-06-25T10:57:51","slug":"introduction-to-azure-cost-management-acm-a-native-azure-service","status":"publish","type":"blog","link":"https:\/\/www.cloudthat.com\/resources\/blog\/introduction-to-azure-cost-management-acm-a-native-azure-service","title":{"rendered":"Introduction to Azure Cost Management (ACM) \u2013 A Native Azure Service"},"content":{"rendered":"<table style=\"height: 259px;\" border=\"0\" width=\"516\">\n<tbody>\n<tr>\n<td>\n<h2><span style=\"color: #000080;\"><strong>TABLE OF CONTENT<\/strong><\/span><\/h2>\n<\/td>\n<\/tr>\n<tr>\n<td><a style=\"margin-left: 20px;\" href=\"#introduction\">1. Introduction<\/a><\/td>\n<\/tr>\n<tr>\n<td><a style=\"margin-left: 20px;\" href=\"#whatisazurecostmanagement\">2. What is Azure Cost Management?<\/a><\/td>\n<\/tr>\n<tr>\n<td><a style=\"margin-left: 20px;\" href=\"#topfeatures\">3. Top Features of Azure Cost Management<\/a><\/td>\n<\/tr>\n<tr>\n<td><a style=\"margin-left: 20px;\" href=\"#getstarted\">4. Get started with ACM<\/a><\/td>\n<\/tr>\n<tr>\n<td><a style=\"margin-left: 20px;\" href=\"#tips\">5. Tips to optimize your Azure costs<\/a><\/td>\n<\/tr>\n<tr>\n<td><a style=\"margin-left: 20px;\" href=\"#whatisnew\">6. What is new in Azure Cost Management?<\/a><\/td>\n<\/tr>\n<tr>\n<td><a style=\"margin-left: 20px;\" href=\"#conclusion\">7. Conclusion<\/a><\/td>\n<\/tr>\n<tr>\n<td><a style=\"margin-left: 20px;\" href=\"#aboutcloudthat\">8. About CloudThat <\/a><\/td>\n<\/tr>\n<tr>\n<td><a style=\"margin-left: 20px;\" href=\"#faqs\">9. FAQs<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 id=\"introduction\"><strong>Introduction<\/strong><\/h2>\n<p><span style=\"color: #000000;\">Cost management is an essential aspect for anyone who is running their workloads in the cloud. For anyone managing their infrastructure and workloads in Azure, Azure Cost Management is an essential and free service offered to Azure customers for providing the utilization and cost information on their workloads hosted on the Azure cloud.<\/span><\/p>\n<p><span style=\"color: #000000;\">It is designed to be used by Cloud Architects, Project Managers, Finance heads, App teams, and software developers for budgeting, RBAC, and to gain more visibility.<\/span><\/p>\n<h2 id=\"whatisazurecostmanagement\"><strong>What is Azure Cost Management?<\/strong><\/h2>\n<p><span style=\"color: #000000;\">Azure Cost Management (ACM) is a cloud-native service offered by Azure to their customers, which you can use through the Azure Portal. This service lets you analyze the cloud service usage and expenditures and predicts future spending. It helps to visualize and forecast the Azure costs, find deviations, and cost optimization opportunities for the Azure services.<\/span><\/p>\n<h2 id=\"topfeatures\"><strong>Top Features of Azure Cost Management<\/strong><\/h2>\n<ul>\n<li><span style=\"color: #000000;\">Once enabled, it continuously monitors your resources and activities on Azure and provides reports.<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #000000;\">It provides the integration with Azure Advisor to get cost recommendations specific to your usage, for right-sizing your resources, and to identify idle resources.<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #000000;\">To customize the cost and usage data, you can use the cost management REST APIs to create a specific view of your system usage.<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #000000;\">It integrates with Microsoft Power BI to export your data and conduct a thorough analysis.<\/span><\/li>\n<\/ul>\n<h2 id=\"getstarted\"><strong>Get started with ACM<\/strong><\/h2>\n<p><span style=\"color: #000000;\">Log in to the Azure portal (portal.azure.com). Search for cost management and navigate to the management blade.<\/span><\/p>\n<p><a href=\"https:\/\/d1f7lmxeo98xps.cloudfront.net\/resources\/wp-content\/uploads\/2022\/11\/ACM1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12838\" src=\"https:\/\/d1f7lmxeo98xps.cloudfront.net\/resources\/wp-content\/uploads\/2022\/11\/ACM1.png\" alt=\"Azure Costs Management\" width=\"483\" height=\"207\" \/><\/a><\/p>\n<h3><strong>Azure Cost Analysis<\/strong>:<\/h3>\n<p><span style=\"color: #000000;\">The cost analysis not only provides your past cost details and the forecasted costs for up to 12 months. This tool lets you accurately analyze expenses and allows you to group and filter across the resources.<\/span><\/p>\n<p><span style=\"color: #000000;\">Select the scope for which you want to see the cost data. You can select the root management group or an individual subscription as the scope. Apply filters as per your requirements (daily, monthly, yearly).<\/span><\/p>\n<p><a href=\"https:\/\/d1f7lmxeo98xps.cloudfront.net\/resources\/wp-content\/uploads\/2022\/11\/ACM2.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12839\" src=\"https:\/\/d1f7lmxeo98xps.cloudfront.net\/resources\/wp-content\/uploads\/2022\/11\/ACM2.png\" alt=\"Azure Cost Management\" width=\"485\" height=\"256\" \/><\/a><\/p>\n<p><span style=\"color: #000000;\">Use the group by the filter to get the usage reports on many parameters, such as group by department, location, resource, resource groups, etc. When you group by resource, you can get another valuable report of the expensive resources that allows you to analyze if they are required or can be optimized.<\/span><\/p>\n<p><span style=\"color: #000000;\">You can also schedule an export of the reports to a storage account using Exports under Settings. You can use the <a href=\"https:\/\/docs.microsoft.com\/en-us\/power-bi\/connect-data\/desktop-connect-azure-consumption-insights\">Power BI connector<\/a> to get the Azure consumption insights into your Power BI dashboard.<\/span><\/p>\n<p><a href=\"https:\/\/d1f7lmxeo98xps.cloudfront.net\/resources\/wp-content\/uploads\/2022\/11\/ACM3.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12840\" src=\"https:\/\/d1f7lmxeo98xps.cloudfront.net\/resources\/wp-content\/uploads\/2022\/11\/ACM3.png\" alt=\"Azure Cost Management\" width=\"484\" height=\"219\" \/><\/a><\/p>\n<h3><strong>Azure Budgets<\/strong>:<\/h3>\n<p><span style=\"color: #000000;\">This tool allows you to set up a budget for your Azure services and monitor the usage regularly to see if a budget has exceeded or is within the limit. You can also set an automated trigger for the budget and get a notification if the budget reaches a certain percentage of the limit.<\/span><\/p>\n<p><a href=\"https:\/\/d1f7lmxeo98xps.cloudfront.net\/resources\/wp-content\/uploads\/2022\/11\/ACM4.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12841\" src=\"https:\/\/d1f7lmxeo98xps.cloudfront.net\/resources\/wp-content\/uploads\/2022\/11\/ACM4.png\" alt=\"Azure Cost Management\" width=\"466\" height=\"230\" \/><\/a><\/p>\n<h3><strong>Azure Advisor<\/strong>:<\/h3>\n<p><span style=\"color: #000000;\">Azure Advisor provides a personalized recommendation by analyzing your usage data to help you optimize your resources for better cost-effectiveness, reliability, performance, and security. It provides the specific actions to implement on your azure resources as the best practices.<\/span><\/p>\n<p><a href=\"https:\/\/d1f7lmxeo98xps.cloudfront.net\/resources\/wp-content\/uploads\/2022\/11\/ACM5.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12842\" src=\"https:\/\/d1f7lmxeo98xps.cloudfront.net\/resources\/wp-content\/uploads\/2022\/11\/ACM5.png\" alt=\"Azure Cost Management\" width=\"494\" height=\"248\" \/><\/a><\/p>\n<h2 id=\"tips\"><strong>Tips to optimize your Azure costs:<\/strong><\/h2>\n<ul>\n<li><span style=\"color: #000000;\">Choosing the compute service best suited for your workload<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #000000;\">Using reserved computing resources for your constant workload<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #000000;\">Avoid over-provisioning the resources; start with the minimum and increase the capacity based on the usage<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #000000;\">Stop or delete the azure resources when they are not in use<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #000000;\">Autoscaling your resources only when required based on the traffic<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #000000;\">Keep track of the budget and spending across the teams or projects<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #000000;\">Use the Cost management Service to get the reports on your actual spending and take specific actions for the optimizations<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">More interestingly, you can manage your AWS costs using Azure cost management if you have a multi-cloud infrastructure.<\/span><\/p>\n<h2 id=\"whatisnew\"><strong>What is new in Azure Cost Management?<\/strong><\/h2>\n<p><span style=\"color: #000000;\">You can get the summarised totals in the cost analysis (Preview) based on resource groups, subscriptions, services, and reservations.<\/span><\/p>\n<p><a href=\"https:\/\/d1f7lmxeo98xps.cloudfront.net\/resources\/wp-content\/uploads\/2022\/11\/ACM6.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12843\" src=\"https:\/\/d1f7lmxeo98xps.cloudfront.net\/resources\/wp-content\/uploads\/2022\/11\/ACM6.png\" alt=\"Azure Cost Management\" width=\"480\" height=\"197\" \/><\/a><\/p>\n<p><a href=\"https:\/\/d1f7lmxeo98xps.cloudfront.net\/resources\/wp-content\/uploads\/2022\/11\/ACM7.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12844\" src=\"https:\/\/d1f7lmxeo98xps.cloudfront.net\/resources\/wp-content\/uploads\/2022\/11\/ACM7.png\" alt=\"Azure Cost Management\" width=\"498\" height=\"216\" \/><\/a><\/p>\n<h3 id=\"conclusion\"><strong>Conclusion<\/strong><\/h3>\n<p><span style=\"color: #000000;\">Combining the above tools should always help you control your budgets and keep track of their utilization. And it\u2019s always a good strategy to implement the Azure best practices to host your workloads on the Azure cloud. The factors like services, resource type, user\u2019s location, and billing zone are also matters for Azure cost. More interestingly, you can also manage your AWS costs using Azure cost management if you have a multi-cloud infrastructure. Here is reference documentation on\u00a0<a href=\"https:\/\/docs.microsoft.com\/en-us\/azure\/cost-management-billing\/costs\/aws-integration-manage\" target=\"_blank\" rel=\"noopener\"><strong>Manage AWS costs and usage in Azure.<\/strong><\/a><\/span><\/p>\n<h3 id=\"aboutcloudthat\"><strong>About CloudThat:<\/strong><\/h3>\n<p><span style=\"color: #000000;\">We here at\u00a0<a href=\"https:\/\/www.cloudthat.com\/\"><strong>CloudThat<\/strong>\u00a0<\/a>are the official Microsoft gold partner, AWS (Amazon Web Services) Advanced Consulting Partner, and Training partner helping people develop knowledge on the cloud and help their businesses aim for higher goals using best in industry cloud computing practices and expertise. We are on a mission to build\u00a0a robust\u00a0cloud computing ecosystem by disseminating\u00a0knowledge on technological intricacies within the cloud space.\u00a0Our blogs, webinars,\u00a0case studies, and white papers\u00a0enable all the stakeholders in the cloud computing sphere.<\/span><\/p>\n<p><span style=\"color: #000000;\">Drop a query if you have any questions regarding Azure Costs Management, and I will get back to you quickly. To get started, go through\u00a0our\u00a0<a href=\"https:\/\/www.cloudthat.com\/expert-advisory\/?utm_source=blog-website&amp;utm-medium=text-link&amp;utm_campaign=expert-advisory\"><strong>Expert Advisory\u00a0<\/strong><\/a>page\u00a0and\u00a0<a href=\"https:\/\/www.cloudthat.com\/managed-services-packages\/\"><strong>Managed Services Package<\/strong><\/a>, <a href=\"https:\/\/cloudthat.com\/?utm_source=blog-website&amp;utm-medium=text-link&amp;utm_campaign=cloudthat.com\/\"><strong>CloudThat<\/strong><\/a><strong>\u2019s<\/strong>\u00a0offerings.<\/span><\/p>\n<h3 id=\"faqs\"><strong>FAQs:<\/strong><\/h3>\n<ol>\n<li><span style=\"text-decoration: underline; color: #000000;\"><strong>Is Azure Cost Management Free?<\/strong><\/span><\/li>\n<\/ol>\n<p><span style=\"color: #000000;\">Ans: Yes, Azure Cost Management is a Free service offered to Azure customers.<\/span><\/p>\n<ol start=\"2\">\n<li><span style=\"text-decoration: underline; color: #000000;\"><strong>Can we integrate the Cost Management with third-party tools?<\/strong><\/span><\/li>\n<\/ol>\n<p><span style=\"color: #000000;\">Ans: You can use the <strong><a href=\"https:\/\/docs.microsoft.com\/en-us\/power-bi\/connect-data\/desktop-connect-azure-consumption-insights\">Power BI connector<\/a><\/strong> to get the Azure consumption insights into your Power BI dashboard.<\/span><\/p>\n<ol start=\"3\">\n<li><span style=\"text-decoration: underline; color: #000000;\"><strong>How to get the cost report on a particular tag?<\/strong><\/span><\/li>\n<\/ol>\n<p><span style=\"color: #000000;\">Ans: From the <strong>Cost Management<\/strong> blade, navigate to the <strong>Cost Analysis<\/strong>. In the <strong>Group by<\/strong> filter select <strong>Tag<\/strong> and select your tag.<\/span><\/p>\n<ol start=\"4\">\n<li><span style=\"text-decoration: underline; color: #000000;\"><strong>How to view the AWS cost in the Cost Management?<\/strong><\/span><\/li>\n<\/ol>\n<p><span style=\"color: #000000;\">Ans: Azure provides a connector for AWS to integrate the AWS Cost and Usage report in Azure Cost Management. Here is detailed documentation on the <a href=\"https:\/\/docs.microsoft.com\/en-us\/azure\/cost-management-billing\/costs\/aws-integration-set-up-configure\" target=\"_blank\" rel=\"noopener\"><strong>Setup and Configuration of the AWS Cost and Usage Report.\u00a0<\/strong><\/a><\/span><\/p>\n","protected":false},"author":228,"featured_media":13283,"parent":0,"comment_status":"open","ping_status":"open","template":"","blog_category":[3608,3607],"user_email":"rekhas@cloudthat.com","published_by":"324","primary-authors":"","secondary-authors":"","acf":[],"_links":{"self":[{"href":"https:\/\/www.cloudthat.com\/resources\/wp-json\/wp\/v2\/blog\/12837"}],"collection":[{"href":"https:\/\/www.cloudthat.com\/resources\/wp-json\/wp\/v2\/blog"}],"about":[{"href":"https:\/\/www.cloudthat.com\/resources\/wp-json\/wp\/v2\/types\/blog"}],"author":[{"embeddable":true,"href":"https:\/\/www.cloudthat.com\/resources\/wp-json\/wp\/v2\/users\/228"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cloudthat.com\/resources\/wp-json\/wp\/v2\/comments?post=12837"}],"version-history":[{"count":1,"href":"https:\/\/www.cloudthat.com\/resources\/wp-json\/wp\/v2\/blog\/12837\/revisions"}],"predecessor-version":[{"id":42457,"href":"https:\/\/www.cloudthat.com\/resources\/wp-json\/wp\/v2\/blog\/12837\/revisions\/42457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cloudthat.com\/resources\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.cloudthat.com\/resources\/wp-json\/wp\/v2\/media?parent=12837"}],"wp:term":[{"taxonomy":"blog_category","embeddable":true,"href":"https:\/\/www.cloudthat.com\/resources\/wp-json\/wp\/v2\/blog_category?post=12837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}