A pharmaceutical company is developing a new drug. The volume of data that the company generates has grown exponentially over the past few months. The company's researchers regularly require a subset of the entire dataset to be immediately available with minimal lag. However, the entire dataset does not need to be accessed on a daily basis. All the data currently resides in on-premises storage arrays, and the company wants to reduce ongoing capital expenses.
Which storage solution should a solutions architect recommend to meet these requirements?