SSD uses NAND flash memory instead of spinning disks, providing much faster read and write speeds. SLC NAND flash is commonly used in enterprise environments due to its excellent performance and endurance. However, SSDs have higher costs and more limited endurance than HDDs. Emerging technologies like MLC flash, new controller designs, and tiered storage systems aim to improve SSD performance, capacity, endurance and lower costs to make SSDs more viable for enterprise storage.