Google Takeout is a tool that allows you to archive and download your G Suite data as a zipped file on your computer. You can do this individually by service (contacts, calendar, drive, etc.) or as a single archive.
For more information about archiving your data, including FAQs, see support.google.com/accounts/answer/3024190?hl=en.
You can use Google Drive File Stream to stream My Drive and Team Drive files directly from the cloud. This desktop application allows you to open and edit most document types directly out of Drive File Stream without having to download the file onto your computer. When you make edits to the file, the changes are automatically saved in My Drive.
Google Docs editors are built in to Google Drive. The Google Docs collaboration suite includes Docs, Sheets, Slides, Forms, and Drawings.