Organizations are widely beginning to shift away from on-premises boxes for data backups and turning their attention instead to emerging cloud options. There are numerous reasons for this, but security concerns are key among them. Backup-as-a-Service is on the rise in response to this shift, with new providers emerging to specialize in convenient cloud backup services.
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https://dzone.com/articles/backups-are-moving-away-from-on-premises-boxes