Do I need a RAID system or just a larger external hard drive

Hi guys... I am working in my fathers company and running the media side of our small business. I do our website, print media and also our video production....
I have an iMac and it is running on 500gig of storage and 8meg of RAM.... I have almost filled up my hard drive and I am looking into to getting into to doing a lot more video work....
I need more storage, but I am not sure whether to invest in a RAID system or should I just get an external hard drive...
At what point is a RAID worth the investment ?
Thanks guys
Harrison

RAID provides a level of redundacy should one of the hard drives in the array fail.
I would only invest in RAID if you are able to support the RAID array and understand its limitations.
Remember RAID is not backup. Don't be complacent about backup.
A larger hard disk is simplier to manage than a RAID array.
As with any mission critical data, you need a robust backup strategy.

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