Having control over security of company’s data is crucial ans monitoring service incidents falls into this category. Therefore, Microsoft has prepared “service health alerts” for its Azure product.
With it, you can create and manage existing Service Health alerts. E.g. if you click on an alert, you will see that it contains details about the alert criteria, notification settings, and even a historical log of when this alert has fired in the past.
Open the link above for more detailed description.