For the sake of backing up your data, you may need both cloud and local storage.
Where and how your data is housed will play a massive role in the creation and implementation of your Business Continuity Plan. Because a Business Continuity Plan gives businesses the tools to be prepared in the face of unexpected events or to quickly respond to disruptions in their operations, these details should include provisions about your data too. For the sake of backing up your data, you may need both cloud and local storage.