The Microsoft Corp has given the cloud storage system a new boost with the OneDrive, which has stepped into platform on Wednesday. With Satya Nadella heading the office, one can expect quite some development in the cloud world by Microsoft.

New Features, New Name

One of the largest software company- Microsoft Corp has officially launched the re-branded cloud storage service, named as OneDrive. Actually named as SkyDrive, the company was pushed into renaming the service as OneDrive after the British Broadcasting Group Plc conquered the trademark of ‘Sky’. February 19th marked a new chapter in the history of cloud storage services for Microsoft as it brings to table some fresh and attractive features tagging the new name of OneDrive.

Competition

Cloud storage is gaining popularity today. Its only normal, I mean- who wouldn’t like to own free GB and that too on cloud, to be accessed from just about anywhere and you don’t need to carry your external drive with you any longer. This is one reason why Dropbox and Google Drive are seeing more people login to upload data. OneDrive is joining the race, offering 5GB free storage for those joining in with referrals and 3 GB free for those who are using the automatic camera backup with their android devices.

Subscription

Those who were already using the Microsoft cloud storage need not register again with OneDrive. When they have logged into the official website, they will be able to find their content available. The cloud storage was initially available only on an annual subscription basis. The OneDrive however, allows the use of the storage on a monthly subscription.

Shares

The Microsoft shares were down by 0.3 percent during the launch of the re-branded cloud storage. This may be mainly due to the chaos caused with the renaming. However, the share is expected to enter a better phase with new developments and updates lined up for the month. The quarterly report astonished everyone with a good $0.76 EPS despite the bad numbers in the previous quarter. A $2.71 EPS is expected by the analysts for the current year.

With a cloud expert leading the company, one can expect nothing less than perfection with every move they make- especially in the cloud computing section. The OneDrive is just the stepping stone to what Satya Nadella has to offer to the company in the upcoming days. I, for one, am excited to see what he has up his sleeve for the future Microsoft.