Exactly. I started in computing just as the bureaus were fading out. We had local mini-computers and then local PCs connected to minis and then "servers".
Apart from backups, I've never understood why people spring on the cloud. We are legally responsible for our data and if we give it to somebody else to look after and they screw up, we are liable... I'd much rather get fined for my own screw-up rather than those of third parties I have no control over, plus confidential data stays private, within the walls of the company, it doesn't get strewn all over the Internet, just waiting to get leaked.