You’ve probably found a few comparisons on the interwebs comparing the “traditional”, on-premise TFS with the new cloud-hosted Team Foundation Service. I get asked about this a lot – as a result, I thought I’d share the slide deck I used to drive this conversation. Please let me know if you have any questions!
Basically, TF Service is a nice way to get up and running quickly, without worrying about infrastructure, backups, etc. What you lose is some customization, lab management, and SSRS reporting.