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A Recent Analysis of a Company's IT Expenses Highlights the Need

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A recent analysis of a company's IT expenses highlights the need to reduce backup costs. The company's chief information officer wants to simplify the on-premises backup infrastructure and reduce costs by eliminating the use of physical backup tapes. The company must preserve the existing investment in the on-premises backup applications and workflows. What should a solutions architect recommend?


Definitions:

Call Premium

The additional amount above the exercise price that one must pay to purchase a call option.

Put Premium

The price that a put option buyer pays to acquire the right to sell a specified quantity of an asset at a predetermined price before the option expires.

Exotic Options

Non-standard options that have more complex features than common American or European options, often including different pay-off structures or the ability to trade on more unusual underlying assets.

Over-The-Counter Market

A decentralized market, without a central physical location, where participants trade securities directly between two parties.

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