Scenario: A company needs to retain financial records for ten years to comply with regulatory requirements. Which storage technology would be most suitable for long-term data retention in this scenario?

Magnetic tape is a cost-effective and reliable option for long-term data retention. It offers high capacity, durability, and is less susceptible to data corruption over time compared to other storage technologies. While SSDs provide fast access, they are costly for long-term retention. Cloud storage can be a good option but may incur ongoing costs. NAS is suitable for active data but may not be ideal for long-term archival.