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What can they implement to achieve higher storage efficiency?

A small law firm that does not currently have any virtualization technologies implemented has
recently merged with another firm of approximately the same size. They are planning to
consolidate into a single location. They have decided to virtualize their servers and they would like
to consolidate storage. It has been determined that 80% of the file server data has not been
accessed in over 90 days.
What can they implement to achieve higher storage efficiency?