That's why you have something called off-site backups. You back up your information and then you store it off-site so in case something does happen to your house or facility, then you can retrieve your backups elsewhere and do a restore.
The only time I embrace new technology is when I see a real and practical use for it. Telephones are obviously very practical and as far as I'm concerned, much more useful than this texting nonsense which has in my opinion, degraded the English language to the point where people can't spell words correctly or know the differences between lose or loose, yeah, double O is not "losing weight" but rather "my doorknob is loose and I better tighten it up".
Jaclaz is also correct, you don't have complete full control over your data. You might be able to read/write and delete at your own will but so does the hosting provider and the host has even more rights than you do. I don't trust my stuff to the so called cloud either. It's the same as people who use these programs on the cell phones because if you send in a picture of your receipt, then you'll get money back from them and hey, who doesn't want free money just for shopping? But rather it's a very clever and also practical marketing ploy so that data companies don't have to physically collect data from you but rather you're willingly providing it to them and they pay a fraction of the cost as traditional methods. You're doing the hard work for them and then you're served with advertisements because of your purchases. People are so gullible. :) Then again, companies like that take advantage of people who click next, next, next, next, agree? YES!, install. People don't take time to read that stuff and instead just go ahead and go for it.
It's really even the same with credit cards. You have protection to an extent but if you get your number stolen, you're taken for a ride and someone, somewhere, has to eat the cost of whatever happens because of it. Traditional currency is completely safe until you lose it (or is it loose? ) or is stolen off you or your home physically. Just because some id*** says it's newer and better doesn't always make it so, it's just marketing to gullible people who believe everything is all in their best interest. Yeah MS, kinda like those beta tests you do and somehow you still managed to code in that awful start screen that nobody liked or wanted.