A company needs to optimize its Amazon S3 storage costs for an application that generates...

Amazon S3 Standard-IA: This storage class is designed for data that is accessed less frequently but requires rapid access when needed. It offers lower storage costs compared to S3 Standard while still providing high availability and durability.

Access Patterns: Since the files are frequently accessed in the first 30 days and rarely accessed afterward, transitioning them to S3 Standard-IA after 30 days aligns with their access patterns and reduces storage costs significantly.

Lifecycle Policy: Implementing a lifecycle policy to transition the files to S3 Standard-IA ensures automatic management of the data lifecycle, moving files to a lower-cost storage class without manual intervention. Deleting the files after 4 years further optimizes costs by removing data that is no longer needed.