Reference:
https://docs.cloud.oracle.com/en-us/iaas/Content/Audit/Reference/logeventreference.htm#payload

Explanation
Autonomous Database automatically backs up your database for you.In addition to automatic backups Autonomous Database also allows you take manual backups to your Oracle Cloud Infrastructure Object Storage. for example if you want to take a backup before a major change to make restore and recovery faster.
Also, Manual backups are only supported with buckets created in the standard storage tier if you provision an Autonomous Data Warehouse instance named ADWC1, the bucket name should be backup_adwc1 (the bucket name is lowercase)

Setting Up a Remote Peering
Create the RPCs: Each VCN administrator creates an RPC for their own VCN's DRG.
Share information: The administrators share the basic required information.
Set up the required IAM policies for the connection: The administrators set up IAM policies to enable the connection to be established.
Establish the connection: The requestor connects the two RPCs (see Important Remote Peering Concepts for the definition of the requestor and acceptor).
Update route tables: Each administrator updates their VCN's route tables to enable traffic between the peered VCNs as desired.
Update security rules: Each administrator updates their VCN's security rules to enable traffic between the peered VCNs as desired.

Explanation
You can scale up/down your Autonomous Database to scale both in terms of compute and storage only when needed, allows people to pay per use.
Oracle allows you to scale compute and storage independently, no need to do it together. these scaling activities fully online (no downtime required) in Details page Autonomous Database click Scale Up/Down. Click on arrow to select a value for CPU Core Count or Storage (TB).
Or Select auto scaling to allow the system to automatically use up to three times more CPU and IO resources to meet workload demand, compared to the database operating with auto scaling disabled.