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Word documents will be saved to the cloud automatically on Windows going forward
(techcommunity.microsoft.com)
This is a most excellent place for technology news and articles.
an alternative to MS (or some other third-party) cloud doesn't have to be "personal" devices, though. company-specific handling requirements can still be achieved via self-hosted network shares containing all user-saved data, which still aids in the local storage replacement issue that you're having. but for many companies and spaces, MS cloud or whatever third-party could be just fine, and this will of course push some of those folks that direction nicely