Very often this is not the case as your Application Server machine will be humming in the Data Center while you sit comfortable behind your PC or laptop.
But I just found out that the ASC offers a new functionality: specify the location on the host where the ASC is running.
The following screen shot shows this - while I was deploying the Wiki of the Oracle WebCenter:
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It even gets better - during the deployment instead of the small clock the messages are displayed:
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