Think what you Might be looking for is a system image backup. This is a full system backup for recovery and what I did to my win8.1 install before starting down the 10tp trail. This backup can be saved to hd, one or more dvd's, or a network location. Current location for the launch link is on the bottom left of the file history page in the old control panel.
If you are just backing up data and files then I would use file history. This should pretty much work with everything but dvd's.