What is the difference between SharePoint Online and SharePoint On-premise?

Ans

Online	On-premise
1) No need of hardware to buy. All updates and patches are taken care by Microsoft	1) Resource requirement: you need more resources to maintain the server, to add updates and patches. This means a requirement of more people and hardware.
2) Information stored in the cloud	2) Information lies in your local environment
3) Cost is less and is billed monthly per user.	3) Cost is more as it requires more resources, hardware, and maintenance
4) Powershell control is reduced as compared to on-premise.	4) More PowerShell control