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SmartStore with on-prem S3 : Best Practices & Sizing Guides

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Looking for guidelines on how to size a SmartStore configuration with an S3 on-prem solution. Does anyone have any rules of thumbs or concise analysis for sizing SmartsStores for on-prem across various indexer/cache tiers? Is it best to use a single bucket? What about mix retention times for source data? Would multiple buckets work for easier data management and aging?

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