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About The Author: Hanna Shnaider
PhD in Philology | Passionate About Modern Technologies | Bringing Digitalization Towards the Business
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Are you tired of the limitations of traditional on-premises storage systems? 

Of course, you do! We are also sure you constantly worry about data storage and backup. Because local storage is not enough to store extensive data and backup simultaneously, the need for cloud or online storage arises.

In today’s fast-paced digital world, cloud storage has become an essential tool for individuals and businesses. With the ability to store and access data from anywhere, anytime, cloud storage provides unparalleled convenience, flexibility, and scalability. 

In this article, we’ll talk about cloud storage and its different types, understand the 3F and discuss the advantages of cloud storage over on-premises storage. Also, we will help you choose the right cloud storage provider for your needs. 

So sit back, relax, and deeply dive into cloud storage!

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Brief Statistics

  • The global cloud storage market is expected to reach $114.9 billion by 2025, growing at a CAGR of 22.3% from 2020 to 2025
  • In 2020, the average annual cost of cloud storage per gigabyte (GB) was $0.0045, significantly cheaper than the average cost of on-premises storage, which is $0.10 per GB. (Source: Statista)
  • According to a survey, 93% of enterprises have a multi-cloud strategy, which means they use more than one public or private cloud service.

Cloud Storage Explained: Your Data’s New Best Friend

When we talk about clouds, it’s easy to imagine fluffy white clouds in the sky. However, the cloud takes on a whole new meaning in the tech world. Instead of referring to the physical clouds we see in the sky, the cloud, in tech terms, is a metaphor for the internet.

Cloud storage is a service that allows you to store your data on remote servers that a third-party provider manages.” You don’t have to rely on physical storage devices such as hard drives or USBs to store your data. Instead, you can access your data from anywhere with an internet connection.

Types of Cloud Storage in the Market

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When it comes to storing data, five different types of cloud storage are available on the market. Each cloud storage has its advantages and meets industry demands.

 Let’s look at these types and explore their unique features and benefits.

  1. Public cloud storage

Public cloud storage is the most commonly used type of cloud storage, and many well-known companies like Google, Amazon, and Microsoft offer it. With public cloud storage, users can store their data on servers owned and managed by these companies. 

This type of storage is typically the most affordable option and is ideal for those who need to store large amounts of data that are not sensitive.

  1. Private cloud storage

Private cloud storage, on the other hand, is dedicated solely to one organization. This means the organization owns and operates the servers that store their data, giving them complete control over their data security and management. 

Large organizations with complex data storage requirements often use this type of online cloud storage.

  1. Hybrid cloud storage

As the name suggests, hybrid cloud storage combines public and private cloud storage elements. This type of storage allows organizations to store their sensitive data on a private cloud while using a public cloud for less sensitive data. 

This approach offers organizations the best of both worlds – the security of private cloud storage and the affordability and scalability of public cloud storage.

  1. Community cloud storage

Like communities in the real world, this type of cloud storage is shared by several organizations. Community cloud storage is often used by organizations that work in the same industry and need to share data.

  1. Multi-cloud storage

Multi-cloud storage involves using multiple cloud storage providers to meet an organization’s data storage needs. This approach allows organizations to take advantage of the strengths of different cloud storage providers, such as pricing, security, and storage capacity. 

Now the question comes: Which cloud storage type is best for you?

Remember that the type of cloud storage best for your organization depends on several factors, including your data storage requirements, security needs, and budget. Read our article for Forbes dedicated to the topic: where to storage data – Cloud or Data Center?

Understanding Storage Requirements: The 3F Approach

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What is the 3F approach in storage requirements? Well, when it comes to storing your data in the cloud, it’s essential to consider your storage requirements carefully. This is where the 3F approach comes in!

Let’s take a closer look at what each of these means and how they can help you make the right choices for your data storage needs

  • Functionality: This refers to your cloud storage solution’s specific features and capabilities. Do you need automatic backups or versioning? Do you need file-sharing and collaboration tools? List the features you need and choose a solution that meets those requirements.
  • Flexibility: This refers to the ability of your cloud storage solution to adapt to changing needs over time. Can you easily upgrade or downgrade your storage plan as your data needs change? Can you add new users or locations easily? Choose a solution that is flexible and can grow with your business.
  • Future-proofing: This refers to the ability of your cloud storage solution to keep up with evolving technologies and trends. For example, are you using a solution compatible with emerging technologies like artificial intelligence or the internet? Ensure your solution is future-proofed to ensure your data will remain accessible and relevant over time.

We can say that the 3F approach can help you identify your storage requirements and choose the right cloud storage solution for your needs. 

By considering functionality, flexibility, and future-proofing, you can ensure that your data is safe, secure, and easily accessible whenever you need it.

Advantages of Cloud Storage

Cloud storage offers numerous benefits that traditional on-premises storage cannot match. 

Here are the top five advantages of cloud storage:

Cost Savings: One of the most significant advantages of cloud storage is cost savings. With cloud storage, you only pay for the storage you need and don’t have to worry about maintaining physical hardware or infrastructure. 

Scalability: Another key benefit of cloud storage is scalability. With cloud storage, you can quickly scale up or down your storage needs as your business grows or changes. 

Accessibility and Convenience: Cloud storage offers unparalleled accessibility and convenience. With cloud storage, you can access your files from anywhere worldwide, as long as you have an internet connection.

Data Backup and Disaster Recovery: Cloud storage provides reliable data backup and disaster recovery solutions. With cloud storage, your data is stored securely, and off-site servers are backed up regularly. 

Collaboration and Remote Work: Cloud storage enables seamless collaboration and remote work. With cloud storage, you can easily share files and collaborate with colleagues, regardless of their location.

Cloud storage offers a range of benefits that can help businesses save money, scale quickly, and work more efficiently. 

By choosing a reliable cloud storage provider(we will talk about the best cloud storage providers in the next section), you can ensure that your data is safe and secure and that you have access to the tools you need to succeed in today’s fast-paced business environment.

Choosing the Right Cloud Storage Provider

With so many options, it can be overwhelming to know which cloud storage is best for you and your business needs. 

Here we tried to break down the factors you should consider and the questions you should ask to help you make the right choice for your needs.

Key Factors to Consider When Choosing a Cloud Storage Provider

  • Storage Capacity – How much data do you need to store? Make sure the provider can accommodate your needs without breaking the bank.
  • Security – How does the provider keep your data safe? Look for data encryption, two-factor authentication, and regular security audits.
  • Performance – How quickly can you access and upload/download your files? This is especially important if you’re dealing with large files or need quick access to your data.
  • Integrations – Does the provider integrate with your other tools and software? This can save you time and headaches down the line.
  • Support – What kind of support does the provider offer? Look for things like 24/7 customer support and a robust knowledge base.

Questions to Ask Before Signing Up

  • What is your pricing structure? Are there any hidden fees or charges?
  • How do you ensure the security of my data?
  • What kind of uptime guarantee do you offer?
  • How do you handle data backups and disaster recovery?
  • Do you offer any integrations with other software/tools?
  • What kind of support can I expect?

These are key factors and questions you must consider before choosing a cloud storage provider. By considering these factors and asking these questions, you can feel confident in your choice of cloud storage provider.

Remember, the right provider should meet your storage needs while also prioritizing the security and accessibility of your data. 

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As we look to the future of data management, cloud storage is poised to play an even more critical role in our lives. With the increasing need for data storage, scalability, accessibility, and collaboration, cloud storage solutions are becoming more sophisticated and innovative daily.

We can say that cloud storage will continue revolutionizing how we store, access, and manage data. By leveraging the benefits of cloud storage solutions, businesses and individuals can enjoy greater efficiency, convenience, and productivity in their day-to-day operations. If you need any help regarding your Data Storage needs, issues, challenges, scaling the infrastructure – talk to our expert, and we will guide you in the right direction.