Communications Lesson

On Premise VS Cloud

Simply put, the difference between on-premise vs cloud software is the location. On-premise software is installed and runs on a company's own hardware infrastructure, and is hosted locally, whereas cloud software is stored and managed on the provider's servers, and accessed through a web browser or other interface.

Lesson Script

What This Video Covers

Simply put, the difference between on-premise vs cloud software is the location. On-premise software is installed and runs on a company's own hardware infrastructure, and is hosted locally, whereas cloud software is stored and managed on the provider's servers, and accessed through a web browser or other interface.
Insurance Terms to Know

Functional Replacement Cost

Functional replacement cost pays to replace damaged property with less costly material or methods that perform the same function.