We are discussing at the company the migration of some on premises services to cloud alternatives. Is it market practice to backup servers on AWS, or repositories on GitLab.com, or files on Google Drive? I'm interested in the approach for self-developed servers and also data hosted on web services that I don't own the code or the database.
Personally I'm pretty confident on these big companies, I'm pretty sure that their backups will outlive mine 10 out of 10 times. But not backing up my company data may be a liability.
What is the best practice on this subject?