Microsoft Cost Management updates—April 2023 | Azure Blog and Updates

[ad_1]

Whether or not you are a brand new scholar, a thriving startup, or the most important enterprise, you have got monetary constraints, and it is advisable know what you are spending, the place it’s being spent, and find out how to plan for the longer term. No one needs a shock in the case of the invoice, and that is the place Microsoft Price Administration is available in.

We’re all the time in search of methods to be taught extra about your challenges and the way Microsoft Price Administration might help you higher perceive the place you are accruing prices within the cloud, establish and stop dangerous spending patterns, and optimize prices to empower you to do extra with much less. Listed here are a number of of the newest enhancements and updates primarily based in your suggestions:

Let’s dig into the small print.

FinOps Basis introduced a brand new specification undertaking to demystify cloud billing knowledge

Microsoft partnered with FinOps Basis and Google to launch FOCUS (FinOps Open Price and Utilization Specification), a technical undertaking to construct and keep an open specification for cloud price knowledge. As one of many key contributors and principal steering committee members for this undertaking, we’re extremely excited in regards to the potential worth it will carry for organizations of all sizes.

Among the advantages you’ll see embrace the flexibility to:

Higher perceive how they’re being charged throughout providers and particularly cloud suppliers.

Cut back knowledge ingestion and normalization necessities.

Streamline reporting and monitoring efforts, like price allocation and showback.

Leverage shared steerage throughout the business for find out how to monitor and handle prices.

FOCUS will play a serious function within the evolution of the FinOps Framework and its steerage because it drives extra consistency in find out how to analyze and talk modifications in price, together with something from measuring key efficiency indicators (KPIs) to managing anomalies and commitment-based reductions to monitoring useful resource utilization and extra.

To be taught extra, learn the FinOps Foundation announcement and join us at FinOps X, where we’ll announce an initial draft release. All FOCUS steering committee members will be on-site for deeper discussions about its roadmap and implementation.

Centrally managed Azure Hybrid Benefit for SQL Server is generally available

If you’re migrating from on-premises to the cloud, Azure Hybrid Benefit should be part of your cost optimization plan. Azure Hybrid Benefit is a licensing benefit that helps customers significantly reduce the costs of running their workloads in the cloud. It works by letting customers use their on-premises licenses with active Software Assurance or subscription-enabled Windows Server and SQL Server licenses on Azure. You can also leverage active Linux subscriptions, including Red Hat Enterprise Linux or SUSE Linux Enterprise server running in Azure. Traditionally, you would track available licenses that you’re using with Azure Hybrid Benefit internally and compare that with cost reports available from Cost Management Power BI reports, which can be tedious. With centralized management, you can assign SQL Server licenses to individual subscriptions or share them across an entire billing account to let the cloud manage the licenses for you, maximizing your benefit and sustaining compliance with less effort.

Centralized management of Azure Hybrid Benefit for SQL Server is now generally available.

To learn more, see Azure Hybrid Benefit documentation.

Scheduled alerts in Azure Government

Last month, you saw the addition of scheduled alerts for built-in views in Cost analysis. This month, we’re happy to announce that scheduled alerts are now available for Azure Government. Scheduled alerts allow you to get notified on a daily, weekly, or monthly basis about changes in cost by sending a picture of a chart view in Cost analysis to a list of recipients. You can even send it to stakeholders who don’t have direct access to costs in the Azure portal. To learn more, see subscribe to scheduled alerts.

Register for Securely Migrate and Optimize with Azure

Did you know you can lower operating costs by up to 40 percent when you migrate Windows Server and SQL Server to Azure versus on-premises?¹ Furthermore, you can improve IT efficiency and operating costs by up to 53 percent by automating management of your virtual machines in cloud and hybrid environments. To maximize the value of your existing cloud investments, you can utilize tools like Microsoft Cost Management and Azure Advisor. A recent study showed that our customers achieve up to 34 percent reduction in Azure spend in the first year by using Microsoft Cost Management. To learn more about how to achieve efficiency and maximize cloud value with Azure, join us and register for Securely Migrate and Optimize with Azure, a free digital event on Wednesday, April 26, 2023, 9:00 AM to 11:00 AM Pacific Time.

To learn more, see 5 reasons to join us at Securely Migrate and Optimize with Azure.

Register for Optimize Your IT Costs with Azure Monitor

Join the Azure Monitor engineering team on May 17, 2023 from 10:00 AM to 11:00 AM Pacific Time, as they continue to listen and respond to feedback to ensure your corporate priorities are kept at the forefront!

The Azure Monitor team introduced some new pricing plans that can drive costs down without compromising performance. The team has taken some of the key points along with valuable guidance and best practices and will share it during this webinar.

In this webinar, you will learn:

New Azure Monitor pricing plans and different scenarios in which the new price plan can be applied.

Other levers that you can take advantage of to optimize your monitoring costs.

No regret moves you can implement today to start realizing cost savings.

Register for Optimize your IT costs with Azure Monitor and join us on May 17, 2023 from 10:00 AM to 11:00 AM Pacific Time.

Cut costs with AI-powered productivity in Microsoft Teams

As we face economic uncertainties and changes to work patterns, organizations are searching for ways to optimize IT investments and re-energize employees to achieve business results. Now—more than ever—organizations need solutions to adapt to change, improve productivity, and reduce costs. Fortunately, modern tools powered by AI hold the promise to boost individual, team, and organizational-level productivity and fundamentally change how we work, including intelligent recap for meetings in Microsoft Teams Premium with AI-augmented video recordings, AI-generated notes, and AI-generated tasks and action items, reusable meeting templates, and more.

To learn more, see Microsoft Teams Premium: Cut costs and add AI-powered productivity.

3 ways to reduce costs with Microsoft Teams Phone

As the way we work evolves, today’s organizations need cost-effective, reliable telephony solutions that help them support flexible work and truly bridge the gap between the physical and digital worlds. Our customers are searching for products that help them promote an inclusive working environment and streamline communications. And they need solutions that simplify their technological footprint and cut the cost of legacy IT solutions and other non-essential expenses.

After examining the potential ROI that companies may realize by implementing Teams Phone, a recent study found that businesses could:

Reduce licensing and usage costs.

Minimize the burden on IT.

Help people save time and collaborate more effectively.

To learn more, including customer quotes, see 3 ways to improve productivity and reduce costs with Microsoft Teams Phone.

What’s new in Cost Management Labs

With Cost Management Labs, you get a sneak peek at what’s coming in Microsoft Cost Management and can engage directly with us to share feedback and help us better understand how you use the service, so we can deliver more tuned and optimized experiences. Here are a few features you can see in Cost Management Labs:

New: Settings in the cost analysis preview—Enabled by default in Labs.

Get quick access to cost-impacting settings from the Cost analysis preview. You will see this by default in Labs and can enable the option from the try preview menu.

Update: Customers view for Cloud Solution Provider partnersCustomers view for Cloud Solution Provider (CSP) partners—Now enabled by default in Labs.

View a breakdown of costs by customer and subscription in the Cost analysis preview. Note this view is only available for CSP billing accounts and billing profiles. You will see this by default in Labs and can enable the option from the Try preview menu.

Merge cost analysis menu items.

Only show one cost analysis item in the Cost Management menu. All classic and saved views are one-click away, making them easier than ever to find and access. You can enable this option from the try preview menu.

Recommendations view.

View a summary of cost recommendations that help you optimize your Azure resources in the cost analysis preview. You can opt in using the try preview menu.

Forecast in the cost analysis preview.

Show your forecast cost for the period at the top of the cost analysis preview. You can opt in using Try preview.

Group related resources in the cost analysis preview.

Group related resources, like disks under virtual machinesVMs or web apps under App Service plans, by adding a “cm-resource-parent” tag to the child resources with a value of the parent resource ID.

Charts in the cost analysis preview.

View your daily or monthly cost over time in the cost analysis preview. You can opt in using Try Preview.

View cost for your resources.

The cost for your resources is one click away from the resource overview in the preview portal. Just click View cost to quickly jump to the cost of that resource.

Change scope from the menu.

Change scope from the menu for quicker navigation. You can opt-in using Try Preview.

Of course, that’s not all. Every change in Microsoft Cost Management is available in Cost Management Labs a week before it’s in the full Azure portal or Microsoft 365 admin center. We’re eager to hear your thoughts and understand what you’d like to see next. What are you waiting for? Try Cost Management Labs today.

New ways to save money in the Microsoft Cloud

Lots of cost optimization improvements over the last month! Here are 10 general availability offers you might be interested in:

And six new preview offers:

New videos and learning opportunities

Here’s one new video you might be interested in:

Follow the Microsoft Cost Management YouTube channel to stay in the loop with new videos as they’re released and let us know what you’d like to see next.

Want a more guided experience? Start with Control Azure spending and manage bills with Microsoft Cost Management.

Documentation updates

Here are a few documentation updates you might be interested in:

Want to keep an eye on all documentation updates? Check out the Cost Management and Billing documentation change history in the azure-docs repository on GitHub. If you see something missing, select Edit at the top of the document and submit a quick pull request. You can also submit a GitHub issue. We welcome and appreciate all contributions!

What’s next?

These are just a few of the big updates from last month. Don’t forget to check out the previous Microsoft Cost Management updates. We’re always listening and making constant improvements based on your feedback, so please keep the feedback coming.

Follow @MSCostMgmt on Twitter and subscribe to the YouTube channel for updates, suggestions, and methods. You may also share concepts and vote up others within the Price Administration suggestions discussion board or be a part of the analysis panel to take part in a future research and assist form the way forward for Microsoft Price Administration.

We all know these try occasions for everybody. Finest needs from the Microsoft Price Administration crew. Keep protected and keep wholesome.

¹ Forrester Consulting, “The Whole Financial Impression™ of Azure Price Administration and Billing”, February 2021.

[ad_2]

Source link