Which is Better , Cloud or On Premise?

With respect to performance and cost , Can someone advise which is best Cloud or On Premise ?

it’s all depends on your budget and business. current market trend is Cloud to compete with technology, low cost and less risk, less maintenance etc…
to add performance point… it’s depends on your network speed. if you have hi speed then not a significant change in performance.
hope my inputs are useful :smile:

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Thank you !

what are difference in terms of architecture?