Cloud Computing: Google Drive Chops Prices

Grazed from InformationWeek. Author: Thomas Claburn.

Google, like other companies offering online storage, still faces doubts about the security of cloud computing following last summer’s revelations about the reach of the National Security Agency. But it’s doing its best to reassure customers and to attract new ones. Following a declaration this month by Eran Feigenbaum, director of security for Google Apps, that "the cloud can be as safe as — or in many cases, safer than — storing data on-premise," Google is making a financial case for the cloud.

The company lowered the cost of Google Drive storage substantially Thursday. "Today, thanks to a number of recent infrastructure improvements, we’re able to make it more affordable for you to keep everything safe and easy to reach on any device, from anywhere," Google product management director Scott Johnston wrote in a blog post…

Google Drive now offers 15 GB of storage for free, up from 5 GB. Its paid storage tiers are now 100 GB for $24 a year, down from $60; 1 TB for $120 a year, down from $600; and 10 TB for $1,200 a year, with larger allotments available…

Read more from the source @ http://www.informationweek.com/cloud/software-as-a-service/google-drive-chops-prices/d/d-id/1127698

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