Backups are important.
Let us rephrase this. It's important to keep a copy of your business data somewhere that is safe and not next to your computer.
Three main reasons:
Another reason for keeping backups is that today it's easy. With offerings from Amazon and the like, its also ridiculously inexpensive and can be completely automated.
For example two database can be backed up with the free version
on SQL Backup and FTP (master and your Ava database)
Sql Backup and FTP com
And then automatically stored on Amazon s3 (at the time of writing July 2012 this was 5GB, 20,000 get requests, 2000 put requests for free and then up to 1TB for under £0.15 per month) for the current (and more accurate amounts then here):
AWS Amazon com s3 pricing
So two questions:
Can I use microsoft skydrive for my cloud storage? Well currently NO because MS limit the size of the file and the file type.
Can I backup to a non sever hosted folder and use something like Sugar Sync or Drop Box? Yes, but we haven't tried, there is no email confirmation of sucess for this process.
So fractions of a pound /dollar / euro, vs your business. Seems like a good bet to me!