While meeting many of our customer , we know customers are looking to transform digitally now more than ever and the speed of innovation can make the difference between growth or decline.Customers are looking for better ways to balance the pace of innovation with the need for agility while managing costs, maintaining control, and meeting increasingly rigorous standards around security and compliance.
While exploring this in details i have come across the amazing resources for Azure Cost Optimization by Managing cloud spending and focus on what matters most to business.Primarilly there are 7 strategies which customers can employ to optimize costs and those 7 Points are summarized below on how to succeed in Azure Cost Optimization
Shut down unused resources – Identify idle virtual machines (VMs), ExpressRoute circuits, and other resources with Azure Advisor. Get recommendations on which resources to shut down, and see how much you would save.
Right-size underused resources – Find underutilized resources with Azure Advisor—and get recommendations on how to reduce your spend by reconfiguring or consolidating them.
Reserve instances for consistent workloads – Get a discount of up to 72 percent over pay-as-you-go pricing on Azure services when you prepay for a one- or three-year term with reservation pricing.
Take advantage of the Azure Hybrid Benefit – Microsoft is five times less expensive compare to other cloud service provider when it comes to Windows and SQL Server. This way migrating workload with Azure Hybrid Benefit can save big when you migrate from on-premises.
Configure autoscaling – Save by dynamically allocating and de-allocating resources to match your performance needs.
Set up budgets and allocate costs to teams and projects – Create and manage budgets for the Azure services you use or subscribe to—and monitor your organization’s cloud spending—with Azure Cost Management.
Choose the right Azure compute service – Azure offers many ways to host your code. Operate more cost efficiently by selecting the right compute service for your application.
