What is the primary purpose of Object Storage Lifecycle rules in OCI?

The primary purpose of Object Storage Lifecycle rules in Oracle Cloud Infrastructure (OCI) is to manage the retention and deletion of objects. These lifecycle rules allow users to automate the process of transitioning data between different storage tiers and to manage the retention of data over time. For instance, objects can be automatically moved to lower-cost storage classes after a specified period, or they can be scheduled for deletion when they are no longer needed. This is crucial for businesses as it helps in optimizing storage costs and ensuring compliance with data retention policies.

The ability to set rules for object management enhances efficiency and controls expenditures related to data storage, as well as helps organizations maintain proper data governance. Lifecycle management becomes an essential tool for organizations looking to efficiently manage their data storage.