Companies place the file hosting service OneDrive for Business at the disposal of their staff simply by subscribing to Office 365. At the moment, each user is allocated 1TB of storage space.
If the company has not rolled out Office 365 , it can still provide its employees with storage space in their SharePoint farm in the form of a personal My Site. In this case they retain full control over which documents can be saved and how much storage space is made available to each employee.
The storage space – whether on-premises or in Office 365 – is accessed via a web interface or the OneDrive client.
OneDrive for Business libraries are based on SharePoint technology, which is optimized for business scenarios. Among other things, this means that documents can be versioned, enriched with metadata, and transferred in an automatic process using SharePoint workflows and others.
Compared with Dropbox or Google Drive, companies have the significant benefit that the files remain under their control. For instance, they can block access to OneDrive for Business from a central location, check external shares or archive files in a central document management system.
The file hosting service OneDrive for Business can also replace the personal drive that many companies continue to use. This means that employees can be given an improved performance without placing a strain on the local infrastructure (apart from the network bandwidth of course), especially if one considers that Microsoft provides 1TB of storage space per user and enables mobile access to documents.