Server 2016 has great enhancements and new features, and you don’t have to move to the cloud to have them. I remember when Server 2012 came out. Everyone was talking about how that version of Windows Server was going to push everyone to the cloud. It did not happen. Server 2016 is here, and it is still not happening. Microsoft is developing enhancements and features that are going to make you want to have your on-premise servers virtualized, if they are not already, and easier to manage.
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