a good backup strategy should follow the 3-2-1 rule (I recommend google it so you understand the concept)

I use tape for the pure purpose of easily having a backup offsite. Even if we don’t foresee [insert your worst nightmare] happening it might, and having your data save outside of your house is for me a must.

Now its quite easy to store pictures and documents in the cloud and its fairly safe, but storing a lot of virtual machines, databases etc. in the cloud can be expensive. Storing the data on hard drives might be easy, but in 10 years who knows what interfaces your computer will have, that will be compatible? Also hard drives are clumsy.

Tapes allows me to take a backup every night, every week, and a monthly backup, as well as one quarterly backup without having to having to buy 10 hard drives.

I can easily store each tape at remote locations. Currently I only have tapes at work and at a family place, but all in the same city. Backups have saved my life 10+ times due to hardware issues.

A tapeloader might be better than having a single backup drive, but is more expensive and would require a tape backup software that can handle the loader.