What do the 'Service Usage' reports illustrate?

The 'Service Usage' reports in Oracle Cloud Cost Management are specifically designed to illustrate the consumption patterns of different Oracle Cloud services. These reports provide detailed insights into how various services are utilized over a specified period, allowing organizations to track their usage effectively.

Understanding service consumption is crucial for several reasons. It enables organizations to evaluate their resource allocation, identify underutilized services, and make informed decisions regarding scaling and optimization strategies. Additionally, these reports can help in forecasting future costs based on historical consumption patterns and facilitate budget planning.

By focusing on the consumption of services, organizations can gain a clearer picture of their operational efficiencies and adjust their usage accordingly to align with their business objectives.