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Which one takes the cake?
Security
- Top-notch data Encryption and security protocols
- No Extra Cost
- Quick to setup
- Requires manual setup of security infrastructure and teams.
- Takes a lot of time and money to setup and maintain.
Availability
- All features and services are available online and accessible from anywhere in the world.
- Easy availability and setup on smartphones allowing more users to stay connected to the system while traveling.
- Can only be accessed from inside the office.
- Hard and expensive to setup on smartphones, therefore not so travel-friendly.
Accessibility
- Uniform service and accessibility for teams spread throughout the globe, in multiple different locations.
- Needs extensive setup and configuration at every location to be able to access it from there.
- Can pose performance variations across different locations.
Performance
- All features and services are available online and accessible from anywhere in the world.
- Easy availability and setup on smartphones allowing more users to stay connected to the system while traveling.
- The local servers need to be upgraded from time to time to prevent a lag in performance.
Data Control
- Data is stored on software provider’s cloud servers.
- Data can be downloaded anytime, seamlessly, except when the cloud servers have crashed (which is quite rare among some software providers with 99.9% uptime).
- The cloud servers are usually better secured and have an outstanding uptim.
- Local storage of data allows for less participants in the data access system and therefore lesser risk.
Installation Costs
- No initial installation cost or dedicated resources required for this purpose as everything is handled by the software provider.
- Extensive financial and time investment is required in order to setup local servers and security.
Backup and Protection
- Automatic backups are created on cloud servers.
- Local disasters do not affect the data stored on software provider’s cloud servers and can be retrieved easily.
- Mostly, all backup has to be made manually onto separate servers ideally located in another location.
- One local disaster can wipe off all the critical data forever if no backups were made.
Maintenance
- All maintenance is done timely and automatically handled by the service provider without any shutdowns or performance degradations.
- Has to be temporarily shut down to patch and update every time a new version arrives.
- Maintenance requires separate teams for this purpose which cost extra.
Data Regulation and Compliance
- Compliance with HIPAA and GDPR depends on the software provider’s data storage and usage policy.
- Makes it easy to comply with data regulation policies like HIPAA and GDPR.
Long-Term Contracts and Termination Costs
- No long-term contract or commitment.
- Enter or exit without additional costs or restrictions.
- Have to agree to long-term contracts due to high installation costs which can go to waste in case of early terminations.
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