Cloud storage, as the name suggests, is a remote service provided by a cloud service provider for storage of valuable company data on off-site locations that one can access through a public or private network. Earlier companies stored on on-site servers which required them to maintain the data and the servers and infrastructure required to host these massive servers. With the recent explosion of user data, off-site cloud storage solutions have become the go-to for big tech and small startups alike. This makes hosting, securing, managing, and maintaining the servers the providers’ responsibility.

Cloud-based storage services are known for their scalability which allows companies to scale up or scale down the amount of space they use every month as per their requirements. In doing so, the companies pay for the storage as a service rather than making huge investments in building and maintaining in-house storage solutions. While your long term costs might accumulate as your data grows, you won’t have to go overboard in trying to anticipate future growth.