A number of cloud storage services also allow you to share files and folders, which can be great for co-workers who collaborate on projects or family and friends who want to share photos, videos and other files.

Some have argued that Facebook was overhyped, hence the reason for its current stock troubles. I've often been asked if the Cloud is heading down the same path, and whether we think Cloud technology is overhyped; however, the power the Cloud brings to our daily life is actually quite understated.

While other services mostly store your files, Google Drive -- with some file types -- also allows you to view and edit them because of the Google Docs integration. This integration can lead to a bit of confusion.