Final answer:
Splunk Cloud customers can use the Data Lifecycle Manager as an option for data archiving aside from Dynamic Data Active Archiving, allowing them to manage data retention and archiving policies.
Step-by-step explanation:
In addition to Dynamic Data Active Archiving, Splunk Cloud customers can use the Data Lifecycle Manager (DLM) as another data archiving option. The Data Lifecycle Manager allows users to define, manage, and automate the retention and archiving policies for their data within Splunk Cloud. Unlike the other options listed - Data Retention Manager, Data Backup Manager, and Data Storage Manager - the Data Lifecycle Manager is specifically designed to work with the varying needs of Splunk Cloud environments, which includes indexing, retention, and archiving of data based on user-defined policies.