Why is cloud better than on-premise? Dubbed better than on-premise due to its flexibility, reliability and security, cloud removes the hassle of maintaining and updating systems, allowing you to invest your time, money and resources into fulfilling your core business strategies.
A cloud is a type of a server, which is remote (usually in Data Centers), meaning you access it via the internet. You are renting the server space, rather than owning the server. A local (regular) server is one that you do buy and own physically, as well as have on site with you.