I'm a fan of cloud storage for data. Obviously for video or other large, high-speed data it's not workable though.
I use Google Drive a lot (I paid for extra storage) because I figure the odds of me losing data locally is way higher than Google losing it.
Also since I have multiple computers syncing to the account, I have it in multiple local locations without having to manually do back ups.
The other benefit is that all my data is available on any computer I'm using. I can switch from a notebook to a home computer to my office and it's all just there and up to date.
A lot of people think cloud storage is just bad, but if used wisely it can be a huge workflow improvement.
That tablet is pretty ridiculously under spec'ed for that price though, cloud storage or not.