1. Cloud Computing : 

Cloud Computing, as the name suggests, is collective combination of configurable system resources and advanced services that can be accessed over the Internet. Cloud Computing is more efficient, more secure, and provides greater flexibility. It is Ideal for Startups and Experiments.

2. Traditional Computing : 

Traditional Computing, as the name suggests, uses physical data centers to store digital assets and run a complete networking system for daily operations. In this computing, the user can access data only on the system in which data is stored.

Comparison between Traditional Computing Vs Cloud Computing :

Cloud Computing

Traditional Computing 

It refers to the delivery of different services such as data and programs over the Internet on different servers.It refers to the delivery of different services on the local server. 
It takes place on third-party servers that is hosted by third-party hosting companies.  It takes place on physical hard drives and website servers.  
It is the ability to access data anywhere at any time by user.  User can access data only on system in which data is stored.  
It is more cost-effective as compared to tradition computing as operation and maintenance of the server is shared among several parties that in turn reduce the cost of public services. It is Costly as compared to cloud computing because one has to buy expensive equipment to operate and maintain the server.  
It is more user-friendly as compared to traditional computing because users can have access to data anytime anywhere using internet. It is less user-friendly as compared to cloud computing because data cannot be accessed anywhere and if the user has to access data in another system, then he need to save it in external storage medium.  
It requires a fast, reliable and stable internet connection to access information anywhere at any time.It does not require any internet connection to access data or information.  
It provides more storage space and servers as well as more computing power so that applications and software run must faster and more effectively.  It provides less storage as compared to cloud computing.  
It also provides scalability and elasticity i.e., one can increase or decrease storage capacity, server resources, etc., according to business needs.  It does not provide any scalability and elasticity.  
Cloud service is served by the provider’s support team.  It requires its own team to maintain and monitor system which will need a lot of time and efforts.  
Software is offered as an on-demand service (SaaS) that can be accessed through subscription service.  Software in purchased individually for every user and requires to be updated periodically.