There is much to said for using the Cloud Edition, in that you can have access to it from almost any device at any time, from anywhere in the world. Additionally, the Cloud Edition will be fully maintained and updated for you as part of the service, so you do not have to worry about keeping up with hardware or software maintenance. From an overall total cost of ownership point of view, and a convenience point of view, it offers very good value IMHO.
Personally, speaking I prefer to have my own data on my own computer, whether that computer is a server or a client or maybe both. It is more work, and of course it is incumbent upon me to keep up to date with all the latest softwares and patches both for Manager and the operating system/s that I am using, as well as having to shoulder any costs associated with the hardware that it all runs on.
I guess that in this world, we pay our money, and we make our choice.
Good luck for the future