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Microsoft has already unveiled the new name for SkyDrive - OneDrive. This rebranded cloud storage solution will continue to co-exist alongside the suite of Office Web Apps available for consumers to utilise without firing up local installations.



From WP Central:
How Microsoft currently has its Officie Web Apps set up requires you to go through SkyDrive to access the likes of Word, Access, OneNote and PowerPoint. To create new documents with each app, you need to hit "create" and then select which app you'd like to use. With this create menu, not only are you able to form new folders for your SkyDrive (OneDrive) to keep everything neat and organised, there are also some bonus options (you may have not been aware of):

Word document
Excel workbook
PowerPoint presentation
OneNote notebook
Excel survey
Plain text document
  Microsoft to rebrand its Office Web Apps suite to 'Office Online' and improve app visibility