Of course. Not having your important stuff in the cloud in 2018 (coming on 2019) is nuts.
I get 1TB OneDrive with Office 365, which contains my personal documents, work files and photos.
My music is in Spotify. Videos are mostly Netflix. Games can be redownloaded if need be and saves are cloud-based. Notes are in Evernote. Email is cloud-based. Passwords live in Bitwarden. Google has all my Chrome bookmarks and Calendar appointments. Telegram is cloud-based and doesn't require periodic backups like WhatsApp.
It would be trivial to get all my stuff setup from scratch if I lost all my hardware for some reason.