What is Oracle Cloud Cost Management primarily used for?

Oracle Cloud Cost Management is primarily utilized for managing and optimizing cloud spending. The platform provides tools and features that enable organizations to gain insight into their cloud usage and costs, track spending against budgetary constraints, and implement strategies for cost control and optimization. This capability is essential for organizations to effectively navigate their cloud expenses, allowing them to make informed financial decisions and maximize the value of their cloud investments.

In contrast, while enhancing data security, providing client relationship management, and automating service deployment are important aspects within the broader landscape of cloud services, they are not the primary focus of Oracle Cloud Cost Management. The primary function centers on financial governance by helping users analyze their spending patterns, forecast costs, and identify opportunities for savings, thus reinforcing the critical nature of cost management in a cloud environment.