That was a data center, not a cloud. The sort of place they are moving to from the cloud.
With a cloud solution, you make sure to use services that are redundant. AWS and Azure build each region (geographical location) with **multiple **interconnected independent data centers (availability zones). High durability is one of the strong use cases for public clouds.
It’s hard to justify as it’s mostly subjective but objectively I think having music archived in a lossless format allows me to transcode to more practical lossy codecs as things evolve.
It’s kind of like in the olden times owning the CD and you could re-rip anytime and whatever format you needed/wanted.