ON PREMISE TYPICALLY HAS THE HIGHEST UPFRONT AND INTERNAL IT COSTS
On-premises software (sometimes abbreviated as “on-prem”) is installed and runs on computers on the premises (in the building) of the person or organization using the software, rather than at a remote facility such as a server farm or cloud.
On-premises software is sometimes referred to as Shrinkwrap” software, and off-premises software is commonly called software as a service or “cloud computing.