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Monitoring and optimizing cloud costs is crucial for managing your cloud environment, but handling cost and usage data can be challenging. In this episode of Beyond Your Bill, we explore how to export billing data to BigQuery and create custom dashboards using Data Studio. The previous video covered accessing GCP costs through billing reports in the Cloud Console. It's essential for billing administrators to enable BigQuery export for the billing account promptly to start data collection. Without this, detailed billing data from before enabling the export will not be available.