What components are included in SAP HANA application life cycle management?

The correct choice encompasses a broader scope of activities essential for managing the life cycle of SAP HANA applications. Development, modeling, and reporting are critical components that represent the various phases of application life cycle management.

Development refers to the processes involved in creating applications, which might include setting up development environments, writing code, and integrating with other systems. Modeling is an important aspect of SAP HANA, as it involves defining how data is structured and accessed within databases. This can include creating calculation views or graphical models that transform raw data into meaningful information for users. Reporting involves the creation of reports and dashboards that present the data in a way that meets the business needs, leveraging the data modeled in SAP HANA.

By engaging in all these activities, organizations ensure that their applications are not only functional but also optimized for performance and usability. This comprehensive approach also allows for updates and enhancements to be implemented seamlessly throughout the application's life cycle, thus aligning with business objectives and user expectations.

Focusing only on installation and updating, backup and restore, or configuration and monitoring would provide a limited view of application life cycle management, which must encompass the full range of activities, from initial development through to end-user reporting and insights.