Cut Azure costs with AI-powered recommendations from LogicMonitor Cost Optimization

Managing Azure costs while ensuring performance and scalability can be a complex, resource-intensive process, especially when cost management tools are pieced together and used separately from monitoring solutions. To address this challenge, LogicMonitor is excited to announce cost-savings recommendations for Microsoft Azure compute and storage resources, simplifying cloud cost management with integrated insights.

This enhancement is part of the LogicMonitor Cost Optimization offering, first introduced in May 2024, which helps ITOps and CloudOps teams to manage hybrid cloud performance with cost efficiency. By showcasing deep multi-cloud billing visibility and AI-powered recommendations, Cost Optimization simplifies cloud investment management and maximizes ROI. 

Integrated into LogicMonitor’s Hybrid Observability platform, LM Envision, Cost Optimization pairs continuous telemetry from AWS and Azure environments with proactive insights to intelligently manage performance and costs—ensuring teams stay focused on business value. 

For example, when new features are put into production, teams might encounter excess compute from auto-scaling, resulting in potentially massive excess costs depending on the scope of the application. Cost Optimization will show early cost increases for the application, so teams can remediate before bills are generated. 

Significantly reduce Azure expenses

Azure’s scalability makes it a trusted choice for enterprises and MSPs to deploy their mission-critical workloads and applications, but without proactive cost monitoring, cloud spending can quickly spiral out of control. Common issues like over-provisioned virtual machines (VMs), unused storage, and unmanaged resources inflate expenses and divert IT teams like yours from their strategic goals. Manually and reactively researching and changing instances and capacity is time-consuming. 

LM Envision addresses these challenges by continuously discovering Azure resources, collecting data and insights, and delivering AI-powered recommendations to optimize Azure compute and storage costs.

AI-powered recommendations drive resource efficiency

Our platform analyzes Azure compute and storage usage patterns using AI-driven algorithms and automation to:

• Reduce Azure expenses: Clearly see potential cost savings associated with each recommendation. 
• Right-size resources: Adjust VM sizes and configurations based on historical performance data and current resource allocation, ensuring optimal usage and investment without compromising performance.

Eliminate waste: Identify idle or underused resources, such as unattached disks or underutilized storage, to help eliminate wasteful spend.

Azure cost reduction benefits for Platform Engineering and Operations teams

1. Simple setup: LM Envision’s cost-savings recommendations are based on the Azure resource data we already monitor—no additional setup is required
2. Deep context: Navigate to resource details with a direct connection into your Azure portal in just one click. Determine how to implement the recommendation so that business processes remain always on. 
3. Improved budget predictability: Reduce surprise costs and allocate resources effectively, enabling better collaboration with finance teams.

FinOps principles for Platform Engineering and Operations teams 

Cost Optimization integrates FinOps principles directly into the workflows of Platform Engineering and Operations teams without a separate tool. Operations teams are empowered to manage Azure costs and collaborate with financial stakeholders. As a result, customers gain hybrid cloud efficiencies in one observability tool versus deploying multiple tools and piecing together information.

For financial stakeholders, Cost Optimization offers data-driven clarity into cloud expenditures, fostering accountability and strategic decision-making.

Start saving with LogicMonitor today

Azure cost optimization doesn’t have to be complex. LM Envision’s AI-powered recommendations simplify the process, driving significant savings and improving cloud efficiency. All of this happens while ensuring your Azure investments deliver long-term value.

Ready to see the difference LogicMonitor can make for your Azure environment? Contact us to learn more about transforming your approach to cloud cost management.