The difference between local storage and cloud storage lies in data accessibility and management. Local storage refers to saving data on physical devices like hard drives, which limits access to those devices. In contrast, cloud storage allows data to be stored on remote servers accessed over the internet, providing greater flexibility and ease of access from various devices. While local storage offers faster retrieval speeds and control over data security, cloud storage benefits from scalability, automatic backups, and collaborative features. Businesses often leverage both methods for data management and redundancy.