A static IP address means having one IP address assigned exclusively to your device.
Benefits of Cloud Storage
Remote Access. Access your devices from anywhere in the world. When you have a Static IP address assigned to a device, then that device can be reached by its assigned host names in a reliable way from outside your home network.
Accurate geolocation data. When you’re working with a static IP address, you’ll have access to geolocation data that is more accurate when compared to a dynamic IP.