Which storage option offers the lowest pricing per GB?

Archive Storage offers the lowest pricing per GB in Oracle Cloud Infrastructure. This storage option is specifically designed for data that is infrequently accessed and intended for long-term retention. It is ideal for use cases such as storing backups, archival data, or any data that doesn't require immediate access.

The cost-effectiveness of Archive Storage is achieved by providing a highly scalable and durable solution while keeping the pricing low for the storage of large volumes of data. This makes it a suitable choice for organizations looking to store large amounts of data without incurring high costs.

In contrast, other storage options like Block Volume, File Storage, and Object Storage (standard tier) are designed for different purposes and access patterns, leading to a higher cost per GB. Block Volume is typically used for high-performance applications that require low-latency access, while File Storage is aimed at applications needing shared file systems. Standard tier Object Storage is meant for frequently accessed data, which further contributes to higher storage costs compared to Archive Storage.