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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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