Even though "Qlik Talend Cloud" was mentioned over and over in this video, Talend Studio was not address. So it is unclear whether the migration tool is building a Talend Pipeline that only runs in the cloud on cloud servers or if it will migrate to jobs that can be used in Talend Studio to run on on-premise servers and scheduled in Qlik Talend Cloud Management Console.
A primary difference would be the price of the servers because on-prem servers are much cheaper than cloud servers.