This is for when you want someone else to handle the hardware while you just use the storage or processing power.
Cloud storage vs. on-premises servers: 9 things to keep in mind buy server space
Major providers use "failover" systems, meaning if one physical drive breaks, your data is already safe on another one. This is for when you want someone else
Buying "server space" can mean two very different things depending on whether you want to space from a company or own the physical hardware yourself. meaning if one physical drive breaks