While if there are numerous reasons businesses migrate to cloud storage, a Datometry survey found that 61% of businesses are moving to cloud storage because of the cost savings. Popular object storage services such as Backblaze and Wasabi are used by Fortune 500 corporations as well as emerging startups to create, oversee, administer, and safeguard their business operations. Object storage can store massive amounts of unstructured data while managing data as blocks. However, there are other forms of cloud storage, one of which is object storage, which offers limitless storage capacity. In general, cloud storage is a virtual platform that securely saves sensitive data and enables enterprises to monitor and manage their operations efficiently. Nearly 94% of businesses use cloud storage due to its ubiquity, ability to handle a wide range of tasks, ensure business operation continuity, and accessibility of tools and features at a reasonable price.
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