What is the main function of Alibaba Cloud Cost Management?

The main function of Alibaba Cloud Cost Management is to analyze and reduce cloud spending. This tool enables organizations to gain a clearer understanding of their cloud expenditure by providing insights and analytics on their resource usage and associated costs. Users can track their spending patterns, identify areas where savings can be made, and implement strategies to optimize costs. This is crucial for businesses looking to manage budgets efficiently and ensure that they are not overspending in their cloud environments.

By offering tools and features such as cost allocation, budgeting, and forecasting, Alibaba Cloud Cost Management empowers users to make informed decisions about their cloud investments. This way, organizations can effectively control expenses and allocate resources where they are most needed, ensuring that they maximize the value of their cloud hosting.

In contrast, other options relate to different functionalities that do not specifically address financial management. Optimizing storage usage, enhancing application performance, and monitoring security threats, while important aspects of cloud operations, do not focus on the financial aspect that is the essence of cost management.