Backup
The Grandfather-father-son system means that we keep different types of backup for different amounts of time.  For example, we might do a backup every day, and keep a week's worth of backups.  We might then keep one backup for each week for a month, and one backup from each month for a year.  This means that we have a backup of our data from a year ago, so that if we realise we need some data from a long time ago, we have that data available.  We also have several copies of our recent data, in case one of them doesn't work.