Cost

Your app writes 2 TB/month of logs that are queried heavily for 7 days, rarely after 30, and must be kept 7 years. Which S3 setup is most cost-effective?

S3 storage classes trade cheap storage for slow, sometimes paid retrieval. When you already know how access drops off with age, the cheapest setup is a lifecycle rule that walks the data down the tiers as it ages. A single class overpays, and Intelligent-Tiering solves a problem this question doesn't have.