What is Lifecycle Management Types? and Explain:

Lifecycle Management is 3 Types:

A) Frequently Accessed data:
Hot access Tier (all daily attendance hot data)
-costly storage
Microsoft Azure storage and account all mostly keep this frequently access data.

B) Infrequently access data:
Cool - cold access tier -
Example: all staffs monthly salary - because less expensive storage.

C) Rarely accessed data:
Yearly auditing (or) financial reports.
Example: least expensive storage
Some company can use yearly once or 6 month once this rarely accessed data.

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