The significance of cloud storage in personal and business applications lies in its ability to provide scalable, accessible, and cost-effective data management solutions. Users can store and retrieve data from anywhere with an internet connection, allowing for seamless collaboration and remote work. For businesses, cloud storage reduces the need for physical infrastructure, thus minimizing overhead costs. Additionally, it enhances data security and disaster recovery options, protecting critical information. The flexibility and reliability of cloud storage make it a preferred choice for modern data management needs across various sectors.