What is Oracle Cloud Cost Management primarily used for?

Oracle Cloud Cost Management is primarily designed to track, manage, and optimize cloud spending. This functionality is essential for organizations that want to maintain control over their budgets and ensure that their cloud expenses align with intended usage. The service provides tools for understanding spending patterns, identifying cost drivers, and optimizing resource usage, which collectively help organizations avoid overspending and make informed financial decisions about their cloud resources.

By utilizing features like detailed cost reporting, budget tracking, and predictive analytics, users can gain insights into where their money is going and how they can adjust their consumption to reduce costs effectively. This capability is crucial for businesses of all sizes, as managing cloud costs is an important aspect of cloud resource management, especially given the dynamic nature of cloud pricing models.

The other options, while relevant to different aspects of cloud operations, do not relate directly to cost management. User access and permissions pertain more to identity and access management, monitoring application performance relates to operational analytics, and developing cloud-native applications involves software engineering and development practices. Thus, the focus of Oracle Cloud Cost Management remains squarely on financial stewardship regarding cloud resources.