When comparing Office 365 vs Google Drive, the Slant community recommends Google Drive for most people. In the question“What are the best office suites for UNIX-like systems?” Google Drive is ranked 2nd while Office 365 is ranked 5th. The most important reason people chose Google Drive is:
Google account holders and non-holders can be set to access and/or collaborate on files/folders in real-time. Additionally, you can find files you've shared not only by filename but by person you've shared the files with.
Specs
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Pros
Pro Easy to transition from MS Office
Office 365 is laid out the same way with a similar ribbon interface that will be instantly comfortable to long-time Microsoft Office users.
Pro Excellent integration and compatibility with MS Office desktop applications
Pro Allows for real-time collaboration
Multiple people can work on the same document at the same time.
Pro Speech to text dictation
Linux never got it together
Pro No installation required
Pro File sharing & collaborative editing
Google account holders and non-holders can be set to access and/or collaborate on files/folders in real-time. Additionally, you can find files you've shared not only by filename but by person you've shared the files with.
Pro 15GB free
This space is shared across Drive, Gmail & Google Photos.
Pro Built-in office suite
Includes tools for writing, presentations and spreadsheets.
Pro Integrates with other Google services
For example, you can use search to search through both Drive and Gmail.
Pro Extended functionality via apps
Third party Drive applications running in Chrome or Android can add functionality such as image/video editing, project management, flowchart creation, etc.
Pro Mobile integration
You can work from any device, especially mobile.
Pro Save files to drive directly from Gmail
Drive lets you save any file from your email.
Pro Cheap for extra storage
$1.99 per 100GB, for up to 16TB.
Pro Revision control
By clicking Ctrl + Alt + G in Windows or Command + Alt + Shift + G is OS X you can access previous version of the file.
Pro Indexes images
You can search images by object, place, or face when they've been added to your google photos collection. Google Assistant also helps you find screenshots that could be archived, images that aren't in the correct orientation and pictures that would work well as animations or albums.
Cons
Con Proprietary
Uses proprietary software.
Con Dependant on having an Internet connection
Con Cloud dependent
Does not edit local files, they have to be synced first.
Con Unusable for business in the EU
Cloud applications are mostly incompatible with the EU general data protection regulation.
Con Has only a fraction of Microsoft Office functionality
Office 365 is not a complete replacement for Microsoft Office. The most advanced functionality still can only be found on the desktop.
Con Expensive
$35/user/mo.
Con No official client for Linux
Google as of yet has a client for Linux, leaving many who use the service forced to use third party apps or the webpage.
Con Data privacy not guaranteed
Data privacy is widely known as one of Google's weaknesses. Data shared through Google is most likely matched up with the user's profile inside other Alphabet inc. subsidiaries, and, due to the business model, used commercially.
Con Terms and Conditions allow Google to own anything on Google Drive
They can create derivative works, they can perform it, they can modify it, and they can publish it at will. There are many other specific rights they take over your product. Read the Terms carefully and compare with ANY others.
Con Very unreliable
Desktop client constantly crashes.
Con No WebDAV, FTP or SFTP
It supports none of these common protocols used for access to network storage, which severely limits OS integration. You are forced to use the browser or a standalone client, which isn't possible on all systems.
Con Low bandwidth
Can't even upload all my files to this