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On-Premise
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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.