A company stores petabytes of data in thousands of Amazon S3 buckets in the S3...

S3 Intelligent-Tiering is a storage class that automatically moves objects between four access tiers based on the changing access patterns. The default access tier consists of two tiers: Frequent Access and Infrequent Access. Objects in the Frequent Access tier have the same performance and availability as S3 Standard, while objects in the Infrequent Access tier have the same performance and availability as S3 Standard-IA. S3 Intelligent-Tiering monitors the access patterns of each object and moves them between the tiers accordingly, without any operational overhead or retrieval fees. This solution can optimize S3 storage costs for data with unpredictable and variable access patterns, while ensuring millisecond latency for data retrieval. The other solutions are not optimal or relevant for this requirement. Using S3 Storage Lens standard metrics and activity metrics can provide insights into the storage usage and access patterns, but they do not automate the data movement between storage classes. Creating S3 Lifecycle policies for the S3 buckets can move objects to more cost-optimized storage classes, but they require manual configuration and maintenance, and they may incur retrieval fees fordata that is accessed unexpectedly. Activating the Deep Archive Access tier for S3 Intelligent-Tiering can further reduce the storage costs for data that is rarely accessed, but it also increases the retrieval time to 12 hours, which does not meet the requirement of millisecond latency. References:

S3 Intelligent-Tiering

S3 Storage Lens

S3 Lifecycle policies

[AWS Certified Data Engineer - Associate DEA-C01 Complete Study Guide]