Much has changed since organizations valued on-premise infrastructure as the best option for their applications. Nowadays, most companies are moving towards off-premise possibilities such as cloud and colocation.
Forrester Inc. reports that Global spending on Cloud services has exponentially increased from $17 billion in 2009 to $208 billion in 2019, growing at an increasing rate, especially in the last five years.
Before a company decides to switch to cloud computing technology, they need to understand both options’ pros and cons.
To decide which solution is best for your business, make sure you understand what on-premise and cloud computing are and how they work.
What is On-Premise Hosting?
On-premise is the traditional approach in which all the required software and infrastructure for a given application reside in-house. On a larger scale, this could mean the business hosts its own data center on-site.
Running applications on-site includes buying and maintaining in-house servers and infrastructure. Apart from physical space, this solution demands a dedicated IT staff qualified to maintain and monitor servers and their security.
What is Cloud Computing?
Cloud computing is an umbrella term that refers to computing services via the internet. By definition, it is a platform that allows the delivery of applications and services. These services include computing, storage, database, monitoring, security, networking, analytics, and other related operations.
The key characteristic of cloud computing is that you pay for what you use. The cloud service provider also takes care of maintaining its network architecture, giving you the freedom to focus on your application.
Most cloud providers offer much better infrastructure and services than what organizations set up individually. Renting rack space in a data center costs only a fraction of what it would to set up and maintain the in-house infrastructure at such a scale. Also, there are considerable savings on technical staff, upgrades, and licenses.
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