Complete the pending Drive backup first, or cancel it from Settings.
Backups go to a location you choose. Encryption is the recommended default.
Steps
Create a backup in Settings, choose a password and select a destination with the system picker. Check verification. To restore, choose the file and password, then review the preview. Imported flows start disabled; reconnect credentials and file permissions. Direct Drive account connection is disabled in this build, pending OAuth acceptance.
Read the guide