Yes, the old-fashioned means of storing data exposes us to the risk of losing our data through fire outbreak, physical damages, flood, etc. Without a backup, you may lose all your data for good. 
But is cloud storage really the holy grail? Let me help you here – NO!
Many may argue that securing our data on the cloud provides some advantages over physical storage such as;
    • Fast and easy access to your data anywhere across the globe.
    • Lower IT cost as cloud computing does most of the job.
    • Increased customer services for business
    • And it provides a safe means to recover our data should we lose it to power outage or any natural disaster.