AWS Cost Explorer provides a visualization of historical AWS spending patterns and allows users to project future costs based on past usage. It offers advanced filtering and grouping features, enabling users to analyze costs and usage at a granular level. The AWS Cost and Usage Report provides detailed AWS cost and usage data but does not offer visualization or future cost projections. AWS Budgets is used for setting custom cost and usage budgets and receiving alerts. Amazon CloudWatch is for monitoring AWS resources and applications, not for cost management.
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