Microsoft has released the public beta of Office 2013 on Monday and has now announced that it is turning attention to developing cloud-based Office 365.

Microsoft CEO, Steve Ballmer, announced during a press conference, that the company is looking to release the next generation of Office software via a cloud based platform.

Office 365 is designed as a continually updated service in comparison to that of Office 2013, with different versions designed to offer different levels of accessibility for varying sizes of businesses.