Lifecycle Policies:

An object lifecycle policy is a set of rules that automate the migration of an object's storage class to a different storage class (or deletion), based on specified time intervals.

• By default, lifecycle policies are disabled on a bucket/object.
• Are customizable to met your company's data retention policies.
• Great for automating the management of object storage and to be more cost efficient.
• Can be used with versioning to create a great archiving and backup solution in S3.

Example:

• I have a work file that I am going to access every day for the next 30 days.
• After 30 days, I may only need to access that file once a week for the 60 next days.
• After which (90 days total) I will probably never access the file again but want to keep it just in case.
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