Yeah, cloud storage is a much better option than storing on end local systems. If directly talking about the benefits, then with cloud, all the data is stored in data centers with a high-security level. Hence you need not worry about the safety and security of data. There are chances of the end device being lost or stolen. There are chances that you become a victim of cyberthreat and data breach, or your online data gets hacked.
However, with high-end cloud solutions like cloud-hosted virtual desktops or desktop as a service offered by cloud hosting providers, you get high data security (technically multiple safeguards and firewalls). Let me know if I can help you with anything else.