as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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compare the data storage methods for an online shopping website.
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data storage for an online shopping website can be divided into two primary methods: traditional databases and cloud-based storage. a traditional database stores all the website’s data on-site on a physical server and offers the best performance. however, it is often the most expensive option and provides limited scalability due to the physical limitations of the server. on the other hand, cloud-based storage stores data on a remote server, generally owned and maintained by a third-party provider. this method is typically more affordable, easier to set up, and more suitable for large websites. additionally, cloud-based solutions offer unparalleled scalability and security, as data can be easily backed up, accessed, and managed from anywhere.
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