A company requires a cloud storage solution for their archival data, which will be accessed infrequently but must be retained for compliance purposes. The data consists of large image files totaling several terabytes. Which type of cloud storage should be provisioned for the most cost-effective solution?
Set up a Network Attached Storage (NAS) system to store the image files.
Utilize object storage with an appropriate long-term storage tier to manage costs.
Configure a Storage Area Network (SAN) using Fibre Channel for the archival data.
Provision block storage with high IOPS for each image file.