How can you save space and reduce costs while retaining some benefits of object versioning in OSS?

Utilizing OSS's built-in lifecycle management is an effective way to balance storage efficiency and cost while still leveraging the advantages of object versioning. By implementing lifecycle policies, you can automate the process of deleting older versions of objects after a specified period. This approach ensures that you retain useful historical data for a duration that meets your needs, while also preventing the accumulation of outdated versions that consume storage space and incur costs.

Setting this process up allows organizations to maintain a balance between having access to previous iterations of an object for recovery or auditing purposes, while simultaneously managing the costs associated with storing many versions by cleaning up those that are no longer needed.

Other options, while they address aspects of data management, do not directly achieve the goal of saving space and reducing costs with the benefits of versioning in the same efficient manner. For instance, enabling cross-region replication ensures data durability across different geographic locations but can actually increase costs due to additional storage and data transfer expenses. Similarly, manually setting retention policies for every version can lead to increased management overhead and potential errors in version control. Lastly, storing only the latest version of the object eliminates the advantages of versioning altogether, as it removes access to previous data changes, which may not be desirable for users needing historical access