Apex Architecture is an architectural firm with multiple regional offices. Currently, each office backs up its massive 3D CAD models, structural simulations, and client contracts to local high-capacity tape drives and local Network Attached Storage (NAS) devices. The IT director is considering migrating their backup policy to a centralized cloud-based backup service.
Discuss the advantages and disadvantages to Apex Architecture of migrating to a cloud-based backup system from their current local storage solutions.