MSP Bank File Management Strategy
Question
MSP Bank, Limited is a leading Japanese monetary institution that provides a full range of financial products and services to both institutional and individual customers.
It is headquartered in Tokyo.
MSP Bank is hosting their existing infrastructure on premise. MSP bank has lot of web applications, databases and data warehouse built on Teradata, NoSQL databases, and other types of data stores.
MSP bank has lot of data assets in terms of logs, documents; excel files, CSV files, PDF documents and others.
The files of different formats are being loaded into S3 buckets.
Logs and documents once processed and stored into DWH can be seldom used.
As a part of compliance, MSP Bank is looking for a strategy to manage the files.
Also MSP wants an approach to optimize the costs of the files stored in long term archives.
select 1 option.
Answers
Explanations
Click on the arrows to vote for the correct answer
A. B. C. D.Answer: D.
Option D is correct.
Glacier is an extremely low-cost storage service that provides durable storage with security features for data archiving and backup.
With Glacier, customers can store their data cost effectively for months, years, or even decades.
Glacier enables customers to offload the administrative burdens of operating and scaling storage to AWS, so they don't have to worry about capacity planning, hardware provisioning, data replication, hardware failure detection and recovery, or time-consuming hardware migrations.
https://docs.aws.amazon.com/amazonglacier/latest/dev/introduction.htmlThe best option for MSP Bank to manage their data assets and optimize the costs of files stored in long-term archives is to use Amazon S3 and Glacier.
Option A, exporting back to on-premise, is not a viable solution because it would require MSP Bank to maintain their own infrastructure, which would be costly and time-consuming.
Option B, using S3 to compress the files and delete the original files, could be an option to save on storage costs. However, this option does not address compliance requirements or provide long-term archiving capabilities.
Option C, using S3-IA (S3 Infrequent Access) to manage the archives, is a good option for managing files that are not accessed frequently, but still need to be stored for compliance or other reasons. S3-IA is a low-cost storage class that provides the same high durability and availability as Amazon S3, but at a lower price point for infrequently accessed data.
Option D, using Glacier to manage the archives, is another good option for long-term archiving. Glacier is a low-cost storage service that provides secure and durable storage for data archiving and backup. It is designed for long-term storage and retrieval of data that is rarely accessed but still needs to be retained for compliance or other reasons.
In conclusion, both options C and D could be suitable for MSP Bank, depending on their specific needs and compliance requirements. S3-IA would be a good option for files that are accessed infrequently but still need to be available, while Glacier would be a good option for long-term archiving of data that is rarely accessed but still needs to be retained.
