Backups offsite go to the obvious place :)
This setup might not be that interesting, but I think it's worth noting that a cloud computing paradigm/model has functioned well for 16 years now with no significant changes. I have not had data on my own personal computers for that entire 16 years - all data has been in the "cloud".
I think a decent goal is to be a peer on the network. I think a good step in that direction is to have your own server, with fixed IP, on the network. You can build quite a bit on that.