Editor's Note: Matt Peterson is president and CEO of eFileCabinet.

The concept of cloud storage has been around for over a decade, but using the web for applications and storage has really taken off in the last five years.

Paperless office systems and file sharing systems rely on a complex network of servers to host and share data that may be accessed from anywhere in the world. Importantly, cloud-based file storage and sharing frees a company from the challenges and costs of maintaining internal servers and hiring the IT support staff to manage this infrastructure.

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