This document discusses differences between managing on-premise versus cloud-based products. For cloud-based products: 1. The software is delivered as a service over the internet rather than being installed on customer servers, allowing for easier updates. 2. There are economies of scale since one server installation can serve many customers in a single-tenant or multi-tenant model. 3. Product managers have to oversee the server infrastructure and internet connectivity in addition to traditional product management responsibilities like roadmaps and releases. 4. Benefits include faster customer onboarding, easier support, ability to change infrastructure, and supporting many customers with one product installation.