From “Why Preserve Books? The New Physical Archive of the Internet Archive” (Internet Archive Blogs):
After the Internet Archive digitizes a book from a library in order to provide free public access to people world-wide, these books go back on the shelves of the library. We noticed an increasing number of books from these libraries moving books to “off site repositories” (1 2 3 4) to make space in central buildings for more meeting spaces and work spaces. These repositories have filled quickly and sometimes prompt the de-accessioning of books. ...
As the Internet Archive has digitized collections and placed them on our computer disks, we have found that the digital versions have more and more in common with physical versions. The computer hard disks, while holding digital data, are still physical objects. As such we archive them as they retire after their 3-5 year lifetime. Similarly, we also archive microfilm, which was a previous generation’s access format. So hard drives are just another physical format that stores information. This connection showed us that physical archiving is still an important function in a digital era. ...
Internet Archive is building a physical archive for the long term preservation of one copy of every book, record, and movie we are able to attract or acquire. Because we expect day-to-day access to these materials to occur through digital means, the our physical archive is designed for long-term preservation of materials with only occasional, collection-scale retrieval. Because of this, we can create optimized environments for physical preservation and organizational structures that facilitate appropriate access. A seed bank might be conceptually closest to what we have in mind: storing important objects in safe ways to be used for redundancy, authority, and in case of catastrophe.