What is the difference between OneDrive for Business and OneDrive on SharePoint?

OneDrive for Business allows you to store, synchronise and share your work files. It is part of Office 365 or SharePoint Server 2013 and enables you to update and share files from anywhere and work on Office documents with others simultaneously.

OneDrive for Business is different from OneDrive, which you may already be using to store documents and other content in the cloud. OneDrive is a free personal storage solution whereas OneDrive for Business is designed for business purposes. OneDrive for Business is managed by your organisation; your site collection administrators control what users can do in the library.