You can store, sync, and share files with both OneDrive and SharePoint. This table explains some of the similarities and differences of these components of Office 365.
OneDrive for Business | SharePoint Online |
Included in Office 365 Business plans | Included in Office 365 Business plans |
Available as a stand-alone service, and there is a similarly-named consumer version | Available as a stand-alone service, but no consumer-facing version exists |
Evolved from a service called SharePoint Workspace 2010, and before that Groove 2007 | Cloud-based version of the SharePoint service that dates back to Office XP |
Core architecture built on (or “powered behind the scenes” by) SharePoint | Core architecture built on (or “powered behind the scenes” by) SharePoint |
Often considered or called a “storage location” | Often considered or called a “team site” |
Could be thought of as the cloud version of the My Documents folder on your work computer | Could be thought of as an internal website and/or file server alternative |
Manage files/data with metadata and versioning | Manage files/data with metadata and versioning |
Accessed from browser or local folder or app depending on user preference | Usually accessed from a browser to use all features, but files can be accessed from local folder |
OneDrive for Business sync app is used to sync OneDrive for Business files to a folder on local computer | OneDrive for Business sync app is used to sync SharePoint files to a folder on local computer (separate from OneDrive for Business folder) |
All uploads default as private until you decide to share | Uploads default to inherit permissions from the directory/folder in which they are uploaded |
Users sign in to their own OneDrive for Business accounts, with no shared interface | Users can access SharePoint as a branded company page, managed by an admin, that acts as a dashboard with news, calendar, etc. |
Best place to upload private work documents that only you intend to see, or a document that has a limited scope or lifecycle (for example, a doc you only share once) | Best place to upload team files and/or documents that are intended to be collaborative and/or use check-in workflows and permissioning |
So, OneDrive for Business and SharePoint Online: not exactly the same, yet not entirely different.
The real, noticeable differences will come with the way your workplace or department decides to use SharePoint. Organizations use SharePoint for project-based management sites, human resources portals, and more. OneDrive for Business uses SharePoint technology, but is better suited for storage and one-off sharing. Both of these components live in the cloud (it is Office 365, after all) and can sync files to your device so you can work anywhere.