For many, the idea of offloading their data to another physical/virtual location can seem like a security risk. It seems counter-intuitive that moving data away from “ home” is safer. But is that really true? Any server stored at your location is probably more physically vulnerable than one protected in a large server farm. If you had a fire, flood, or other physical damage that included damage to your server, what would be the result? Also, are your backups stored on-site? If a major event damaged your entire physical location, those backups would be also lost.
There is a second reason the cloud may be safer: security. All of your data, no matter where it is located, may be vulnerable to cyber-attacks and data breaches. However, cloud storage providers probably offer some of the most sophisticated security projection available. It is unlikely that a small or even mid-sized firm has the internal resources and research capacity to maintain an equivalent level of security.
So give some thought to the cloud as a tool to preserve your data and the integrity of your business (as an added bonus, it likely will be a money saver, too).