ForexTV NewsDesk | September 26 2011 12:13 EDT
ForexTV.com (New York) by Staff Reporter
Google is all set to rebrand Google Docs, its massively popular online document service, into a hard drive in the cloud. New Brand-Google Drive, an oft-rumored cloud-based hard drive for syncing files, may soon make its official debut as a rebranded version of Google Docs.
The reports about the company planning on a renovation in the service surfaced after Johannes Wigand - a prominent blogger and social media consultant captured and posted a blurry screenshot of what looks like a new version of Google Docs, called Drive, on the Web. According to Wigand, the screen had appeared only for a few seconds during “an event powered by Google”.
Google Docs already acts as a online hard drive in many ways, with the ability to store and share images, videos and PDF files in addition to document formats that are editable in Google, such as spreadsheets, presentations and word-processing documents.
Google will offer 1GB of storage for free, with the option to purchase 20GB for $5 per year. It supports uploading and downloading of entire folders. By comparison, Dropbox offers 2GB for free, or 50GB for $10 per month, and will automatically sync folders between the cloud and multiple computers. Box.net offers 5GB for free, or 50GB for $10 per month, with corporate options starting at $15 per user, and also offers automatic syncing and collaboration features. Other virtual drives have similar pricing.
Forex research by ForexTV.com