Difference between on prem and cloud system

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On-premises systems are hosted locally on a company's own servers, while cloud systems are hosted on remote servers accessed via the internet.

On-premises systems require physical hardware and maintenance, while cloud systems are managed by a third-party provider.
On-premises systems may have higher upfront costs for hardware and infrastructure, while cloud systems typically have a pay-as-you-go pricing model.
On-premises systems offer more control and customization options, while cloud systems offer scalability and flexibility.
Examples: On-premises software like Microsoft Exchange server vs cloud-based email services like Gmail or Office 365.

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