Create separate Delta Lake tables for each version of the dataset, ensuring isolation but increasing storage costs and complexity in management.

Maintain a single version of the dataset in one Delta Lake table, simplifying management but losing the ability to track historical changes.

Use Delta Lake's time travel feature to store multiple versions of the dataset in the same table, with each version accessible through versioning metadata, optimizing for cost and compliance.

Store each version of the dataset as a separate column within the same Delta Lake table, which complicates queries and increases storage overhead.