Cloud based vs On-premise Servers by Richard Talbot
The cloud in simple terms is a metaphor for the internet (usually Servers in Data Centres). Servers that are cloud based are therefore hosted offsite and usually virtualised and rented.
An on-premise (local) server is a physical server that is purchased and placed at your office, usually in a secure server cabinet.
Which option is right for me? This depends on what the business specific needs and goals are. Engage with an IT professional/ Advisor that has the experience and credentials to give advice, not all businesses will benefit from Cloud/ On-Premise.