OneDrive for Business is a Microsoft cloud storage service for business. It is a personal library intended for storing and organizing your work documents.
Recent changes to Microsoft’s service plan indicates that the company is preparing OneDrive for Business to serve as a feature-packed, social collaboration platform. In addition to business-grade file storage, sync and sharing, Microsoft also offers co-authoring, allowing users to collaboratively edit files using Office Online.
Enterprise-class data management capabilities such as compliance and admin controls, rights management, e-discovery, legal holds and auditing are some of the OneDrive for Business security features.
OneDrive for Business storage offers 25GB to 1TB per user and subscriptions cost $5 per user per month. An additional $0.20 is charged for each additional gigabyte. Incentives are offered to customers with an Office 365 ProPlus subscription plan.