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DPM created "point-in-time" copy of the replica during the set schedule (can be 15 mins, can be an hour, depending on your data type - files and folder is one hour and supported applications like Exchange and SQL is about 15 minutes). DPM will be able to maintains up to 64 recovery points for files/folders and 448 express full with 96 incremental backups!
So, if you calculate in detail, you have more than 300,000 recovery points in a year if you put your short term recovery to disk, or mix of disk and tape.
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