The OCI Inter-Region Latency dashboard is useful for optimizing data transfer and backup strategies because it provides both current and historical views of latency snapshots between OCI regions. This information helps you understand the network performance between regions over time, allowing you to optimize the placement of resources and data transfer operations.

Optimization Use: By analyzing latency data, you can make informed decisions on where to store backups and how to efficiently transfer data across regions, potentially reducing costs and improving performance.