What is 'on-premise solution' in SAP LOD-IOT - Internet of Things?

on-premise solution - Overview

• Component: LOD-IOT

• Component Name: Internet of Things

• Description: A solution provided by SAP for installation at the licensee's site or at an approved third party hosting service provider.

on-premise solution - Details

• 
  Key Concepts: 
  An on-premise solution is a type of software that is installed and run on a customer’s own hardware and infrastructure. SAP’s LOD-IOT Internet of Things (IoT) solution is an example of an on-premise solution. It enables customers to connect their existing IoT devices to the SAP Cloud Platform, allowing them to access real-time data and insights from their connected devices. 
  How to Use It: 
  The LOD-IOT Internet of Things solution can be used to connect existing IoT devices to the SAP Cloud Platform. This allows customers to access real-time data and insights from their connected devices, enabling them to make better decisions and improve their operations. The solution also provides customers with the ability to monitor and manage their connected devices remotely, as well as the ability to integrate with other SAP solutions. 
  
  Tips & Tricks: 
  When using the LOD-IOT Internet of Things solution, it is important to ensure that all connected devices are properly configured and secured. Additionally, it is important to ensure that all data collected from the connected devices is stored securely and in compliance with any applicable laws or regulations. 
  
  Related Information: 
  For more information about the LOD-IOT Internet of Things solution, please visit the SAP website at https://www.sap.com/products/internet-of-things.html. Additionally, there are a number of resources available online that provide more detailed information about on-premise solutions in general, such