Hi @Rama Gilaka Thank you for posting your question on Microsoft Q&A and for using Azure services.
In standard service tier, the storage type will be the remote storage.
In Premium, customer data including data files, transaction log files, and tempdb files is stored on the local SSD storage of the machine hosting the database or elastic pool. Local SSD storage provides high IOPS and throughput, and low I/O latency.
As you have experienced the high IO issue, you can choose the premium service tier.
In general, 100 Standard DTU’s approx. equal to 1 vCore & 125 Premium DTU’s approx. equal to 1 vCore.
This document will give overview about the DTU – bases purchasing model: https://learn.microsoft.com/en-us/azure/azure-sql/database/service-tiers-dtu?view=azuresql
Resource limit using DTU purchasing model for single database: https://learn.microsoft.com/en-us/azure/azure-sql/database/resource-limits-dtu-single-databases?view=azuresql
Resource management in Azure SQL DB: https://learn.microsoft.com/en-us/azure/azure-sql/database/resource-limits-logical-server?view=azuresql
Resource limit for V-core model: https://learn.microsoft.com/en-us/azure/azure-sql/database/resource-limits-vcore-single-databases?view=azuresql
Azure SQL database calculator: https://azure.microsoft.com/en-in/pricing/details/azure-sql-database/single/
Regards,
Oury