Popular perception that cloud computing is a new technology is more or less incorrect. However, it is a new business model that entails a bunch of technologies like server virtualization that minimize the cost of utilizing IT resources. It is interesting to note that cloud computing advocates web-based mechanisms that make IT resources scalable and virtualized, utilizing them as a service over a network. In fact, attributes associated with cloud storage and other cloud-based services span across pay as you go, elasticity and streamlining of usage and management. 

When virtualized storage is available on demand over a network, enterprises indeed get respite from buying storage space prior to storing data. This in turn allows enterprises to save a significant amount of money on storage costs as they need to pay for the space they indeed use for data storage.

For those who don’t know, cloud storage solution in cloud computing varies from traditional infrastructure in terms of three primary aspects, such as remote access of data over the network, data accessibility on object-based storage, and the unique cost structure.

Storing mission-critical business data beyond your organization’s grip triggers the need to encrypt stored data. It is indispensable for enterprises not only to encrypt data in cloud, but also prior to transferring from the data center to ensure complete data security. At the same time, several cloud storage offerings are integrated with object-based storage platforms that enable organizations to benefit from scalability with regard to capacity and performance as well as prompt access to data over the network through Hypertext Transfer Protocol (HTTP). Lastly, the absence of upfront costs required for purchasing infrastructure and proper utilization of IT resources are striking features that differentiate cloud computing from traditional storage infrastructure.