Time Machine
From Mac Guides
Time Machine is a feature of Mac OS X 10.5 (Leopard) that allows for automatic backups when files are modified. In addition, it allows older versions of a file to be restored by entering a date or time. This is integrated into Finder by using a timeline to move through the history of the disk, Spotlight to perform searches on documents in the past, iPhoto to find deleted photos, among others.Time Machine can back up to a hard drive or server.
The importance of backup was emphasized when Time Machine was announced at WWDC 2006, when Steve Jobs revealed that only 26% of users performed a backup of some kind, while just 4% performed an automatic backup.
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Links
Time Machine information at apple.com

