Hi Kari. I don't disagree with you at all. For those of you, who have the desire to store data online and have the bandwidth necessary to make it practical, it is a good deal. In my case, I have metered data usage each month, because I choose to live out in country, where ISP provider choices are limited, so uploading data to cloud storage would be very costly.
At $250 initial investment (or less), you can create something like OneDrive and 10x more functional and more storage space (several TBs). If one is paying for online storage ( I understand OneDrive is free if you are paying 365 subscription), it will be a lot cheaper to create your own. Not only for online storage but for multimedia, surveillance, etc. both on mobile phones, tablets and PCs. You have full control of everything at home or anywhere around the globe. And it's faster. If you need to share a 4GB file with someone, putting it to NAS takes only 1 to 2 minutes from home PC. And just like OneDrive, it can also be mapped locally to a PC like a regular hard drive. It's an online storage and data backup (RAID) in one.
NAS is the way to go. Personally, I will just buy an Office installer and a NAS (mine is Qnap). I won't be taking a bite on 365 just because online storage is free and unlimited.
But it's all a matter of personal preference.
While a NAS is certainly a viable option, when the house/office burns down it is of little use...
For consumers that need Office, this is certainly a big plus for them. This way they have some sort of off-site backup. Considering that all too many consumers have no backup of any kind, it is great for them. For a business I'm of a mixed bag of whether it is all that good or bad.
Disaster can strike in any form at any place. And damage by fire differs unless your house burned down to the ground. But in that case there is much more to worry about other than NAS. So, that shouldn't be part of discussion.
backup of some sort is important. OneDrive (or other cloud service) could be a life saver if you need to recover documents that are really important. For me, all my bills with the exception of power and water, are electronic. I save those bills in my cloud based mail.
My other documents, like car titles and home deed are scanned, encrypted and saved as are other important documents.
So cloud storage can and should be part of your disaster recovery planning imo.
The only thing Important I may lose are my family digital photos which I have a copy everywhere. As for my important docs, they are safe in my safety deposit box. I guess it all depends what kind of data we are talking about here. Probably movies and music collection which I really don't mind losing. Safety deposit box is the best place to keep your important files. It comes free with a bank account.
One thing NAS needs before it can be even compared to OneDrive and other similar cloud services is an adequate line speed, especially upload speed. Quite a many users globally are still using broadband with something less than 10 Mbps down / 1 or 2 Mbps up. At home, within your own network this is not an issue as the download / upload speed and bandwidth limitations do not apply to transfers between your local computers and NAS, using Gigabyte Ethernet and such the transfers can be really fast.
It's a totally new ballgame if one reason to have data on cloud or NAS is to access it from outside world, a few Mpbs upload speed can make it almost impossible. It is totally irrelevant if the office or airport or hotel where you are accessing the files from home NAS has a hyper speed fiber optic connection because the upload speed of your home network is the theoretical maximum speed you can download data from home NAS.
That alone is my point, my reason to use cloud services instead of NAS.
Fortunately for me most of my files tend to be not so big. And if I have some really big one to upload, I just start that when I head to bed.