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What are the advantages of RAID 5 volumes?

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What are the advantages of RAID 5 volumes?

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A RAID 5 volume provides faster data access and fault tolerance, or protection against one of the drives failing during use. With a RAID 5 disk volume, information is striped (or written) across all of the drives in the array along with parity data. If one of the hard drives in the array becomes corrupted, drops out of a ready state or otherwise fails, the remaining hard drives will continue to operate as a striped volume with no parity and with no loss of data. The failed drive can be replaced in the array with one of equal or larger capacity, and the data it contained will be automatically rebuilt using the parity data contained on the other drives. Establishing a RAID 5 volume requires 3 disk drives as a minimum requirement.

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