What is the best way to reduce costs while retaining some benefits of object versioning in OSS?

Using OSS's built-in lifecycle management capabilities to delete old versions of objects is effective for cost reduction while still benefiting from object versioning. When object versioning is enabled, multiple versions of an object can accumulate over time, which may lead to increased storage costs. Lifecycle management allows you to set rules that automatically manage the retention of these versions based on the object's age or other criteria.

By applying lifecycle policies, you can specify when old versions should be deleted, ensuring that you retain the most recent versions of objects while removing the outdated ones. This means you can keep the benefits of having version history for recovery or auditing purposes, without incurring unnecessary storage expenses from storing every version indefinitely. This approach balances cost management with the functionality that versioning provides, allowing for efficient data governance.