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A company is building a serverless image processing pipeline using AWS Lambda and Amazon S3. When an image is uploaded to an S3 bucket, it triggers a Lambda function that resizes the image into different resolutions (small, medium, and large) and stores the resized images back into the S3 bucket under different folder paths. However, the company has encountered issues with Lambda's memory limits and timeout errors when processing large image files. To optimize this image processing pipeline while maintaining a serverless architecture, which of the following steps should the company take? (Choose THREE.)