What are the pros and cons of object storage?

Pros:

• Usually with object storage, you pay for what you use as opposed to other storage types where you pay for the storage space you allocate
• Scalable storage: Object storage mostly based on a model where what you use, is what you get and you can add storage as need Cons:
• Usually performs slower than other types of storage
• No granular modification: to change an object, you have re-create it