Introduction to Cost Refining
Learn about cost-refining principles and how to achieve them.
Microsoft Azure services have good offerings like reliability and scalability. With these offerings, we can manage costs as well. So, let’s explore cost-cutting and monitoring, Azure Total Cost of Ownership (TCO) Calculator, and Azure Pricing calculator in detail.
Cost refining and optimization
Cost optimization is the continuous process of improvisation in resource utilization to obtain the optimized cost with no impact on the resource infrastructure. It’s a never-ending process. Here are several ways to achieve this:
- Analytics
- Benchmarking
- Automation
- Monitoring
History of cost optimization
Cloud computing has had a significant impact on the workflow of application scoping and the way they are delivered.
Traditional systems were hosted in large data centers or on in-house servers. In order to manage the infrastructure, there were special teams to ensure everything worked as per the expectations. For this reason, the cloud emerged as a solution for these legacy systems.
These cloud platforms separated the infrastructure into three popular services: IaaS, PaaS, and SaaS, which allow companies to choose the infrastructure of their choice.
These cloud offerings reduce labor and maintenance costs because organizations only pay for what they use. Azure also provides many tools to help with cost refining using different monitoring tools. This can help in reducing unnecessary cost spending.
Cost-saving options
As already discussed, Azure offers various ...