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Difference between Intelligent Tiering and Lifecycle Management

Is the difference between intelligent tiering and lifecycle management the fact that lifecycle management can be used with versioning?

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Intelligent Tiering is a storage class that automatically moves data between the different storage tiers based on access patterns in an effort to optimize costs. You don’t specify when data is moved, it handles that for you. 

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Lifecycle Management, you specify the configurations and rules to move data to the specific storage classes including Intelligent Tiering Class.

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