Managed Service Provider

What is Managed Service Provider?

 

‘Managed Service Provider’ refers to the third party that manages a company’s IT infrastructure including the computers, servers, etc. The third-party who manages these hardware and software would be paid on a subscription basis.

 

The origin of managed service providers is in the 1900s when they started delivering remote application hosting services. With the advent of newer technology and the penetration of the internet, they eventually evolved into MSPs.

 

MSPs would specialize in specific sectors related to the IT infrastructure such as data storage, antivirus, application deployment, etc. or they might focus on specific verticals such as legal service, financial industry, or medical records maintenance.

More HR Terms

Mean Wage

What is Mean Wage?   ‘Mean Wage’ refers to the average wage given to a group of employees for the same amount of work performed

Total Compensation

What is Total Compensation ? ‘Total Compensation’ refers to the complete monetary benefits provided to an employee by the company. Generally speaking, it is considered

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