The general availability of the IT Service Manager Connector (ITSMC) has just been announced.

You can now integrate Azure monitoring with your ITSM, like ServiceNow or System Center Service Manager, to automatically generates ticket and notification from your ITSM tool.

More details on the pricing available here https://azure.microsoft.com/en-us/pricing/details/monitor/ and the documentation to integrate your ITSM with Azure is here https://docs.microsoft.com/en-us/azure/log-analytics/log-analytics-itsmc-overview

Enjoy