Which feature helps to optimize storage costs for inactive data in OCI?

Archive Storage is the feature designed specifically to optimize storage costs for inactive data in Oracle Cloud Infrastructure (OCI). It allows organizations to store large amounts of data that is infrequently accessed while ensuring that they do not incur the higher costs associated with more readily accessible storage options.

The Archive Storage service is ideal for data that is retained for long-term retention requirements, such as compliance and regulatory purposes. Since this data is not actively used, Archive Storage provides a cost-effective solution by offering significantly lower storage rates compared to standard storage solutions.

This service supports various use cases, including backup and disaster recovery scenarios, where important data needs to be retained but does not require immediate access. By using Archive Storage, organizations can efficiently manage their storage expenses while still maintaining access to essential data when necessary, although retrieval times may be longer compared to more mainstream storage solutions.

In contrast, the other storage options, such as Standard Storage, Block Volume Storage, and Performance Storage, are designed for active data usage and thus come with higher costs associated with maintaining performance and availability.