With more and more data being stored on computers, it is a good idea to look into backup solutions for your important data. Just like people use safes to keep stuff safe at home or at work, use a backup to keep data alive.
I currently use Backblaze for my backup solution for my data. At 5 dollars a month, it is a small price to pay for piece of mind with my data.
For this website, I backup the database of WordPress fairly regularly, and then it is backed up my Backblaze.
I can’t speak for the recovery options on Backblaze because I have yet to need them. They have 3 different restoral options from downloading to sending the data via Fedex.
With companies having data breaches and loss, it is a good thing to keep your data in places you can trust it.