Date Added: Jul 2012
Cloud storage is a fast growing service, whereby an individual or a company stores its data on a storage facility owned and managed by a third party (the cloud provider). The actual storage facility may be positioned at a single location or scattered around the globe, but the cloud user does not need to know. Cloud users can eliminate their own storage infrastructure, relying on the cloud only. The migration from an owned infrastructure to a leased one has the immediate benefit of avoiding capital investments in favor of a more flexible expense management based on operational expenses only.