It is ideal for building modern applications from scratch that require scale and flexibility and can also be used to import existing data stores for analytics, backup, or archive.

It provides you agility, global scale and durability, with “anytime, anywhere” data access.

A method for storing data in the cloud that provides servers and applications access to data through shared file systems. 

A best practice wherein you have to understand why you are paying for it and how much you are paying for it.

Cloud storage is a cloud computing model that stores data on the Internet through a cloud computing provider who manages and operates data storage as a service.

The main environmental impact of using the cloud comes from the amount of energy it takes to run and maintain very large data centers. Therefore it is not eco-friendly.

Cloud storage does not allows IT to quickly deliver the exact amount of storage needed, right when it's needed.

By using cloud storage life cycle management policies, you can perform powerful information management tasks including automated tiering or locking down data in support of compliance requirements.

Cloud platforms are very secure compared with your own premise data centers, some of the cloud providers can come to an agreement where you can lay out your preferred terms in which what kind of security needs to be implemented.