Virtual storage

The noun has one meaning:

Meaning #1: (computer science) memory created by using the hard disk to simulate additional random-access memory; the addressable storage space available to the user of a computer system in which virtual addresses are mapped into real addresses
  Synonym: virtual memory

Virtual storage can refer to:

• virtual memory; IBM uses "virtual storage" rather than "virtual memory"
• The storage seen by clients when storage virtualization is used

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Stores all of your corporate data online from a different location, this means that if you were to lose lose your data for whatever reason you would be able to recover it online.

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