Last fall Microsoft announced a new cost-saving option for your workloads in Azure called Savings Plans. Many customers who already were using Reservations (aka Azure Reserved Instances) to save on their cloud costs mistakenly perceived Savings Plans as a replacement for them.
UPDATED. It seems that Microsoft borrowed my idea of analyzing Azure Hybrid Benefit usage with Azure Monitor Workbooks and included the corresponding charts in the
Azure Hybrid Benefit can significantly reduce your IaaS costs in Azure by utilizing your existing software licenses. However, how do you ensure it’s applied correctly, especially at scale? That’s the question worth answering.
Using Azure Reservations is one of many technics to optimize your cloud spend in Azure. They are a great option to reduce costs for Azure resources with a long lifespan and predictable utilization.
Addressing the subject with traditional direct approaches of cost-cutting such as negotiating for discounts or moving to a cheaper service provider can help you to some extent. Still, your saving results might not be very impressive if comparing to cloud-native options.