What is Storage-as-a-Service?

Storage-as-a-Service is a business model where companies lease or rent its storage infrastructure from another company in order to store their data. Nearly 100% of businesses use some type of cloud-based Software-as-as-Service (SaaS); however, it is estimated that only 30% of IT organizations are using Storage-as-a-Service (STaaS). This method can save companies money since they only pay for the space they use, and don’t let precious resources go to waste.