Microsoft is going to released a cloud based Office suite which will be named as Microsoft Office 365.The new service brings familiar applications, including Office desktop software and Office Web Apps, together with SharePoint, Exchange and Lync in the cloud, for the first time.
Google is already running a small cloud based office suit, Google Docs.
By using Microsoft Office 365 you can work from anywhere and access your data.It will become more easy o work online because you can send and share data with others more easily.
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Visit MS Office 365 Homepage