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Faced with increasing competition, banking and financial services organizations must move quickly to meet new customer, employee and industry demands while addressing complex regulatory mandates and heightened security threats.

Frequently asked questions

Cloud storage has many advantages over hard drive storage. First, you don’t have to physically possess the storage device as you would with a flash drive, for example, so you don’t run the risk of losing irreplaceable data. Second, cloud storage makes it easy to share content. Just share a Dropbox folder with a coworker and they can instantly access the content within it. Another great reason to use cloud storage is the cost savings. It’s much more affordable—and smart—to buy unlimited cloud storage for a nominal fee rather than buying and maintaining lots of hard drive storage space.

In cloud computing, cloud storage services work as a network of connected data servers collectively used to share and access your files across devices. Cloud storage providers own and maintain the offsite servers that make up this network at their data centers. Users can upload files to the servers and access their cloud data via website, desktop app, or mobile app.

Cloud storage benefits include easily storing, accessing, and protecting your data via the internet. You can streamline work and outdated storage systems by uploading nearly any file and accessing it from multiple devices. You can also rest easy knowing all your important data is backed up in a safe, offsite location. This is especially useful in times of disaster recovery and if your hard drive lets you down.

Reducing resources used to manage data is an additional benefit of online storage for businesses. Teams can choose the right cloud storage space and pricing that works for their needs, while also cutting energy and maintenance costs associated with data management.