Imagine the scenario where UNSW is embarking on acquiring a new enterprise system to help better integrate the academic program and course operations with the allocation and management of university resources. Different software vendors have been invited to pitch their solutions to UNSW management. One of the major points of consideration is whether the enterprise system solution should be on-premise or cloud-based. Putting yourself in the shoes of the vendors. Research in the characteristics of both on-premise and cloud-based software solutions, the respective advantages and disadvantages and how they relate to UNSW's business needs and requirements as specified above. Imagine if you were sales representatives of the vendors offering on-premise or cloud-based solutions. How would you make arguments for why UNSW should adopt either on-premise or cloud-based solutions?