You are responsible for managing Cloud Storage buckets for a research company.

Configuring alifecycle management policyon each Cloud Storage bucket allows you to automatically transition objects to lower-cost storage classes (such as Nearline, Coldline, or Archive) based on their age or other criteria. Additionally, the policy can automate the removal of objects once they are no longer needed, ensuring compliance with retention rules and optimizing storage costs. This approach aligns well with well-defined data tiering and retention needs, providing cost efficiency and automation.

Extract from Google Documentation: From "Object Lifecycle Management" (https://cloud.google.com/storage/docs/lifecycle ):"Use lifecycle management policies to automatically transition objects to lower-cost storage classes (e.g., Nearline, Coldline) and delete them based on age, optimizing costs according to your specific tiering and retention requirements."