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ArcGIS 10.3 is a full release of the ArcGIS platform. It includes enhanced functionality, stability improvements, and better support for connectivity, security, and enterprise readiness.
ArcGIS 10.3 introduces several new products. Portal for ArcGIS is now a core product that you deploy on your internal network to share maps, applications, and other geographic information with other members of your organization. It enables the capabilities of ArcGIS Online behind your organization's firewall. With the introduction of a new extension to ArcGIS for Server called ArcGIS GeoEvent Processor, organizations can process extensive real-time data on the fly and display relevant information from these feeds in ArcGIS clients.