Please discuss the differences between Cloud and On-premise Computing.

"The main difference between cloud and on-premise computing is that cloud computing is off-site and hosted by a service provider while on-premise is managed by the organization, which is responsible for all aspects of the IT infrastructure. The key features of on-premise computing are that there is a high initial investment, the organization is responsible for all the maintenance and support, hardware and software upgrades must be maintained, and scaling the infrastructure can be challenging. On the other hand, Cloud computing has a low initial investment, requires no maintenance or support from the client organization, upgrades are automatic and managed by the service provider, and the infrastructure can be scaled as needed. The disadvantages of cloud computing over on-premise infrastructure are centered around security and control."