Understand and optimize costs with AI-powered Cost Management - Preview

  • Article

AI-powered Microsoft Cost Management is available in preview. This interactive experience, available through the Azure portal, provides users with quick analysis, insights, and recommendations to help them better understand, analyze, manage, and forecast their cloud costs and bills.

Whether you're part of a large organization, a budding developer, or a student you can use the new experience. With it you can gain greater control over your cloud spending and ensure that your investments are utilized in the most effective way possible.

AI-powered Cost Management preview

With new AI-powered functionality in Cost Management, AI can assist you improve visibility, accountability and optimization in the following scenarios:

Analysis - Provide prompts in natural language, such as "Summarize my invoice" or "Why is my cost higher this month?" and receive instant responses. The AI assistant can summarize, organize, or drill into the details that matter to you, simplifying the process of analyzing your costs, credits, refunds, and taxes.

Insights - As you use the AI assistant, it provides meaningful insights, such as identifying an increase in charges and suggesting ways to optimize costs and set up alerts. These insights allow you to focus on the aspects that truly matter, enabling you to manage, grow, and optimize your cloud investments effectively.

Optimization - Use prompts such as "How do I reduce cost?" or "Help me optimize my spending," to receive valuable recommendations on how to optimize your cloud investments.

Simulation - Enhance your cost management practices by utilizing AI simulations and what-if modeling to make informed decisions for your specific needs. For instance, you can ask questions such as "Can you forecast my bill if my storage cost doubles next month?" or "What happens to my charges if my reservation utilization decreases by 10%?" to gain valuable insights into potential impacts on your cloud costs.

With the new AI-powered functionality in Cost Management, you have a powerful tool to streamline your cloud cost management. By simplifying analysis, providing actionable insights, and enabling simulations, AI in Cost Management helps you to optimize your cloud investment and make informed decisions for your organization's success.

Next steps

  • If you're new to Cost Management, read What is Cost Management? to learn how it helps monitor and control Azure spending and to optimize resource use.